Access Control and Authentication Market - EAC Systems Occupied a Major Share of This Market

The global access control and authentication market (electronic access control (EAC), automatic number plate recognition (ANPR), and document readers) was valued at US$ 18,723.6 Mn in 2013 and is projected to grow at a CAGR of 15.3% during the forecast period (2014 – 2020) to reach a market size of US$ 49,890.3 Mn by 2020.

 

Albany, NY -- (SBWIRE) -- 08/10/2016 -- Access control and authentication refers to the various measures, either physical or electronic, designed for monitoring of people and objects, and controlling access to and preventing intrusion of any property and information. It is primarily concerned with the restriction of physical access to unauthorized people in controlled facilities. Access control and authentication systems are powerful tools used to investigate or prevent crimes that may occur in public places such as shopping malls, multiplexes, airports, banks, casinos, and ATMs. Security also incurs costs and is never completely perfect in entirely eliminating the risks. It uses various principles of defense in depth with better complementary controls in order to prevent any unlawful activities. Rising incidences of terrorism and concerns about safety and security are some major reasons for the growing demand of access control and authentication systems in the global market. Due to advanced infrastructure developments, extensive adoption of access control systems in business organizations, and growth in criminal activities, the access control and authentication market is becoming both more sophisticated and complicated. This has led to the growth of service industry in the access control and authentication market.

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This research report provides in-depth analysis of the global access control and authentication market based on product types, end-user applications, and geography. In terms of geographical regions, the report segments global access control and authentication market into North America, Europe, Asia Pacific, and Rest of the World (RoW); these are analyzed in terms of revenue generation. Additionally, country-level data and analysis for the U.S. and India are also included in the scope of the report.

The report provides value chain analysis and market attractiveness analysis to identify the ecosystem of the access control and authentication market and analyzes the factors that drive and restrain the growth of the market. The report also identifies prospective growth opportunities, prevailing market trends, and major strategies enhancing the popularity of access control and authentication products. It also provides market estimates and forecasts for all the segments in terms of revenue of the access control and authentication market.

The global access control and authentication market is categorized based on component types as electronic access control (EAC), automatic number plate recognition (ANPR), and document readers. The electronic access control segment comprises biometrics, radio frequency identification (RFID), and card-based access control systems. The biometrics segment is further divided into fingerprint recognition, facial recognition, iris recognition, and others. The card-based access control segment is divided into smart cards and readers, proximity cards and readers, and other types. Lastly, the RFID segment is divided into active and passive systems.

This research report provides complete insights on the different end-use sectors of access control and authentication including transportation and logistics, government and public sector, utilities/energy markets, industrial (manufacturing sector, including chemical facilities), retail, business organizations (including BFSI and IT sectors), hospitality and casinos, healthcare facilities, educational institutions, and others (residential, stadiums, and religious infrastructure). The ANPR and document reader segments are further divided into government, transportation, and commercial, based on their end-use industries.

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The report also includes competitive profiling of major players engaged in manufacturing access control and authentication products. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. Also, provided is the market positioning of key players in the access control and authentication market. Major players profiled in the report include Axis Communications, Bosch Security Systems, Canon Inc, Genetec Inc, Panasonic Systems Networks Co. Ltd, Cisco Systems Inc, 3M Company, Honeywell Security Group, Pelco Inc, and Zhejiang Dahua Technology Co. Ltd.

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