The global card-based access control systems market is likely to increase the demand for product during the assessed period 2018-2025, due to the rise in need for enhanced security. The rise in security concerns all across the world is fueling the growth of the market, reports Market Research Reports.biz.
Albany, NY -- (SBWIRE) -- 09/06/2018 -- The sealing of commercial, and residential buildings is slowly becoming the need of the hour. Various market players are assimilating the residential, educational, and commercial buildings with electronic security in order to prevent theft and data breaches. In the 126 pages report titled, "Global Card-Based Access Control Systems Market Insights, Forecast to 2025", offers a growth projection by the end of the assessed period. The report carries various types of market dynamics such as trends, restraints, and opportunities which are expected to have a significant impact on the growth of the market during the forecast period.
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Card based electronic access control system are generally used in places containing important data as it prevents unauthorized person from entering the premises. The device shoots the alarm if an unauthorized individual tries to enter the premises, this factor has boosted the use of card-based access control systems in commercial and government buildings. Another factor supporting the demand for card-based electronic access control system is the removal of multiple access codes or cards which a user has to carry to get an entry. Unchangeable personalization attributes and high resolution images are some of the technological advancements in the card-based electronic access control system. It has been noticed that the absence of interoperability with existing security systems is likely to deter the growth of the market. High installation cost accompanied with the presence of alternative technologies like biometric control access and NFC are pulling down the market.
The card-based electronic access control system can be classified on the basis of end use industry, types of card and geography. On the basis of card the market can be bifurcated into Bar code cards, smart cards, magnetic stripe cards, barium ferrite cards, and dual function cards. Amongst pack, magnetic cards are the most used cards across the organizations. Card-based electronic access control system finds its application in military and defense, retail, banking and financial services, healthcare services, and commercial and government offices. Geographically, North America holds the major share in the market. Some of the major players in the market are Linear LLC, Cisco Systems Inc., Honeywell International PLC, and Bosch Security Systems.
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