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Jan. 29, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Electronic Access Control Systems (Authentication Systems, Biometrics, Card Based, Touch Screens & Keypads, Door Contacts, Intruder Alarms & Perimeter Security) Market: Global Forecast & Analysis (2012 – 2017), By Application & Geography
The EACS (Electronic Access Control Systems) market comprising authentication systems, intruder alarm, and perimeter security system has recovered post recession and is showing a promising growth; owing to revived commercial projects and technical advancement in the field. EACS is being employed across various fields; ranging from defense to commercial sectors. Authentication systems' market is poised to grow at a higher pace owing to increased security concerns and inflating security budgets all over the world as compared to the intruder alarm and perimeter security systems market. Biometrics is the major contributor to authentication systems market. Biometrics technology improves the effectiveness of identification and authentication processes, refurbishes control access to physical and electronic resources, and advances the security of information systems. An emerging trend with respect to the EACS market is the demand for integrated solutions that integrate immediate onsite response with electronic security and alarm systems.
Global EACS market is estimated to reach
$16.3 billion by 2017, growing at a CAGR of 7.0% from 2012 to 2017. This growth is mainly attributed to heightened security concerns backed by government and regulatory mandates. The market is, however, facing the issues of technological dormancy and high cost. At the same time, an increasing number of regional regulatory compliances are seen as the major impediment to market growth. There is also a detailed analysis of growth opportunities, key drivers, and restraints of the market; along with emerging industry trends. As a result of the advancement in technologies, there is a renewed interest in upgrading perimeter security systems; both - at the government and enterprise level.