Global Electronic Access Control System Market
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, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Rising security concerns to drive the global market
Some of the factors driving the growth of global electronic access control system market include 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, cost of EACS is anticipated to decrease, resulting in higher acceptance of EASC in emerging countries.
Global electronic access control system market is split into technology, application and geography. Technology segment is divided into authentication systems, intruder alarm systems, perimeter security systems, and others. Authentication system is segregated into biometric system and card based system. Based on application segment, the