Increasing threat of terrorism and demand for an enhanced security system are major driving forces to adopt Electronics Access Control System (EACS). The EACS market includes authentication system, alarm system and perimeter security systems. In the last few years, EACS is employed in many application fields ranging from commercial and defense sectors. Biometric technology is delivering accurate identification and authentication service that helps to reduce the illegal access to the data. Exponential growth in the IT, banking, hospital and retail sector is driving the adoption of EACS to provide better security to assets. Limitations in the old structure of buildings is mainly responsible for the theft. This barrier can be eliminated by adding EACS in old buildings to improve security measures.
Higher cost and lack of awareness in Asian countries and RoW and false alarm are some key factors restraining the growth of the EACS market. As technology develops, cost of EACS is expected to decrease, resulting in higher adoption of EASC in Asia-Pacific regions.
Key Companies that are profiled in this report are Alarm.com, Bio-Key international Inc, Bosch Security Systems, Cisco Systems, Inc, Cognitec System GMBH, Control4, Digital Persona, Inc, Fujitsu Ltd, Godrej and Boyce Manufacturing Company Ltd, Johnson Control, Inc. and Linear LLC.
KEY MARKET SEGMENTS
PERIMTER SECURITY SYSTEMS