Electronic Access Control Systems (EACS) Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71199
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The electronic access control systems (EACS) market share should rise by USD 6.76 billion from 2021 to 2025 at a CAGR of 12.18%.

This electronic access control systems (EACS) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (authentication systems, intruder alarm systems, and perimeter security systems), application (commercial, industrial, and residential), and geography (North America, Europe, APAC, South America, and MEA). The electronic access control systems (EACS) market report also offers information on several market vendors, including ASSA ABLOY AB, Comelit Group Spa, Genetec Inc., Honeywell International Inc., Johnson Controls International Plc, Panasonic Corp., Robert Bosch GmbH, Salto Systems SL, Schneider Electric SE, and Texecom Ltd. among others.

What will the Electronic Access Control Systems (EACS) Market Size be in 2021?

To Unlock the Electronic Access Control Systems (EACS) Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Electronic Access Control Systems (EACS) Market: Key Drivers and Trends

The increasing demand for banking and financial services is notably driving the electronic access control systems (EACS) market growth, although factors such as high implementation costs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electronic access control systems (EACS) industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This electronic access control systems (EACS) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Electronic Access Control Systems (EACS) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ASSA ABLOY AB
  • Comelit Group Spa
  • Genetec Inc.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Salto Systems SL
  • Schneider Electric SE
  • Texecom Ltd.

 

The vendor landscape of the electronic access control systems (EACS) market entails successful business strategies deployed by the vendors. The electronic access control systems (EACS) market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the electronic access control systems (EACS) market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electronic Access Control Systems (EACS) Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for electronic access control systems (EACS) in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The growing adoption of EMV standards will facilitate the electronic access control systems (EACS) market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Type Segments in the Electronic Access Control Systems (EACS) Market?

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The electronic access control systems (EACS) market share growth by the authentication systems segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electronic access control systems (EACS) market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Electronic Access Control Systems (EACS) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 12.18%

Market growth 2021-2025

$ 6.76 billion

Market structure

Fragmented

YoY growth (%)

11.25

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

ASSA ABLOY AB, Comelit Group Spa, Genetec Inc., Honeywell International Inc., Johnson Controls International Plc, Panasonic Corp., Robert Bosch GmbH, Salto Systems SL, Schneider Electric SE, and Texecom Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Electronic Access Control Systems (EACS) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electronic access control systems (EACS) market growth during the next five years
  • Precise estimation of the electronic access control systems (EACS) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electronic access control systems (EACS) market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electronic access control systems (EACS) market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The electronic access control systems (eacs) market growth will increase by $6767.25 million during 2020-2025.
The electronic access control systems (eacs) market is expected to grow at a CAGR of 12.18% during 2020-2025.
Technavio has segmented the electronic access control systems (eacs) market by type (Authentication systems, Intruder alarm systems, and Perimeter security systems) ,application (Commercial, Industrial, and Residential) , and geographic (North America, Europe, APAC, South America, and MEA).
ASSA ABLOY AB, Comelit Group Spa, Genetec Inc., Honeywell International Inc., Johnson Controls International Plc, Panasonic Corp., Robert Bosch GmbH, Salto Systems SL, Schneider Electric SE, Texecom Ltd. are a few of the key vendors in the electronic access control systems (eacs) market.
North America will register the highest growth rate of 35.75% among the other regions. Therefore, the electronic access control systems (eacs) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the electronic access control systems (eacs) market growth are:
  • Increasing demand for banking and financial services
The electronic access control systems (eacs) market vendors should focus on grabbing business opportunities from the authentication systems segment as it accounted for the largest market share in the base year.
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