LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global electronic access control systems market is expected to grow at a CAGR of more than 6% during the forecast period.
This research report titled ‘Global Electronic Access Control Systems Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Multi-modal authentication involves the use of two or more biometric technologies to verify or authenticate a consumer. The demand for multi-modal or two-factor authentication is increasing among companies to make transactions more secure. Nowadays, fingerprint scanners are used along with a card swipe that consists of a user's details to make transactions more secure. For instance, if a bank uses both palm vein recognition and facial recognition, both the data must match the pre-registered data.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio’s analysts categorize the global electronic access control systems market into three major segments by application. They are:
- Residential
- Industrial
- Commercial
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Global electronic access control systems market by commercial applications
Commercial access control systems are also called smart access control systems. They offer complex authentication for multiple users of a system and provide additional information throughout the process for better safety and security. The commercial access control systems that are available in the market include keypads and card readers.
According to Jujhar Singh, a lead embedded systems research analyst from Technavio, “In corporate firms, access control systems help the management keep track of the employee timesheet, allocate access, identify risks, and save data for future reference. Electronic access control systems are used in applications, such as people and asset protection.”
Global electronic access control systems market by industrial applications
The industrial sector uses several types of control systems and associated equipment in industrial production technology. The technology includes control and data acquisition and smaller control system configurations, such as programmable logic in industries, including automation, machinery, and manufacturing.
“At Celgene, the touchless biometrics system technology restricts access to the medical research firm. The biometrics system can be customized according to the needs of Celgene. To control access and provide security, it includes smart functions, such as visitor authorization and management, parking management, and time logging,” says Jujhar.
Global electronic access control systems market by residential applications
Residential or domestic access control systems consist of mail gate entry systems, front door video systems, and keypad control systems for garage entry. There are numerous types of control systems available depending on the location and size of the residential property.
Intercoms and access control systems form the frontline security set up. Remote gate controls and intercom systems play a dual role by granting access to authorized persons and denying access to unauthorized people. Many access control systems keep track of the entry and exit of both authorized and unauthorized persons.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Bosch Sicherheitssysteme
- Siemens
- Honeywell International
- Schneider Electric
- ASSA ABLOY
- Tyco
Browse Related Reports:
- Global Bus Switch IC Market 2017-2021
- Global Underwater Acoustic Modem Market 2017-2021
- Global Network Interface Cards Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
