February 13, 2013 -
ReportLinker.com has announced that a new market research report is available in its catalogue, regarding the Electronic Access Control Systems (EACS) market.
According to the company, the EACS market has recovered post recessions and is showing a promising growth, owing to revived commercial projects and technical advancement in the field.
According to the report, biometrics is the major contributor to the authentication systems market.
The report estimates that the global EACS market will 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 issued of technological dormancy and high costs. At the same time, says the report, an increasing number of regional regulatory compliances are seen as the major impediment to market growth.
Revenue estimates and forecast for each technology segment, along with geographical specifics are also provided in the report.
Reportlinker suggests major players in the market include Bosch Security Systems, Siemens Building Technologies, Honeywell International Inc., Schneider Electric, Assa Abloy AB, Tyco International, Magal Security Systems Ltd., and Future Fibre Technology among others.
The full report is available on Reportlinker’s website.