Global Electronic Access Control System Market is Estimated to Reach $40

   2019-08-21       95        Business
Rating :
Global Electronic Access Control System (EACS) Market is projected to be valued $40 Billion by 2024; with a CAGR of 13% from 2017 to 2025.

Global Electronic Access Control System Market report published by Accurize Market Research forecast that the global market is expected to reach $40 billion by 2024; growing at a CAGR of 13% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

 

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Rising security concerns to drive the global market

 

Some of the factors driving the growth of the global electronic access control system market include the requirement of better security systems to tackle increasing criminal activities, and illegal immigration and tackle fraudulence, among others. Though, higher expense and lack of awareness in emerging countries are some key factors limiting the growth of the EACS market. As technology develops, the cost of EACS is anticipated to decrease, resulting in higher acceptance of EASC in emerging countries.

 

Market Segmentation

 

The global electronic access control system market is split into technology, application, and geography. The technology segment is divided into authentication systems, intruder alarm systems, perimeter security systems, and others. The authentication system is segregated into a biometric system and card based system. Based on the application segment, the market has been segmented among government, commercial, industrial, residential, and others.

North America, Europe, Asia-Pacific and Rest of the world (RoW) are the geographical segments of the market. North America is""

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