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Global Electronic Access Control Systems Market to Register a Stellar Growth Rate During: 2022-2032  

By the end of 2031, it is anticipated that worldwide sales of electronic access control (EAC) systems market will surpass US$ 94 Bn. In the projection period of 2021–2031, Persistence Market Research expects the market to grow at a CAGR of almost 13%. The North American region had a sizeable 27% market share in 2020, but is projected to grow at a low CAGR of 5%, slower than the worldwide average.

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Using electromechanical hardware, the electronic access control (EAC) system is a technique for enabling controlled entry to private locations. High-end protection is required due to rising crime rates and terrorist strikes. EAC method offers certain advantages, including as The advantages of time efficiency, high accuracy, and simplicity above all other security solutions.

Globally, both public and private sector entities are making significant investments in improving infrastructure. The market for electronic access control systems recorded 32 billion dollars in revenues in 2020. By the end of 2031, it is expected to reach 94 billion dollars. The global Electronic access control systems market will grow at a robust CAGR of almost 13% between 2021 and 2031.

Key EAC Systems Market Dynamics

In the past five years, the global market for electronic access control systems has grown efficiently owing to growing concerns of thefts, break-ins, and white-collar crimes, as a result driving the market demand from both commercial and residential bodies for advanced security systems. Also, the global market for electronic access control systems is boosted by the convenience provided by these kind of systems.

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Segment Analysis as per EAC Systems Market Report

The global electronic access control systems market is categorized into process type and end user type. Based on process type, the segmentation is done into authentication system, intruder alarm systems and perimeter security system. Among these, the segment of authentication system is segmented into biometric authentication system and card based authentication system.

By Process Type

Authentication systems

Biometrics

    • Face recognition
    • Iris recognition
    • Palm recognition
    • Voice recognition
    • Signature recognition
    • Fingerprint recognition
    • Vein recognition
    • Automated Fingerprint Identification System (AFIS)/Live Scan

Card-Based

    • Proximity Card
    • Smart Card

Intruder alarm systems

Perimeter security systems

    • Free standing perimeter security
    • Buried perimeter security

By End-User

    • Government
    • Commercial
    • Industrial
    • Residential

By Region

    • North America
    • Europe
    • Asia-Pacific

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FAQ’S:

    • What is the value of the electronic access control (EAC) systems market?
    • What will be the demand outlook for EAC systems?
    • What are the key trends shaping the market for electronic access control systems?
    • Which countries are driving demand for EAC systems?
    • What is the outlook for the European market for EAC systems?

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