Card-Based Electronic Access Control Systems Market Outlook
In terms of revenue, the global card-based electronic access control systems market is anticipated to bring in US$ 43.74 billion by 2022. By 2032, the market is projected to reach US$ 103.55 billion, growing at a CAGR of 9%.
Data theft and the safe transfer of illicit data to unknown destinations are continual challenges to data centres and service providers. Manufacturers in the card-based electronic access control systems market are capitalizing on this threat to develop cutting-edge access control systems with many levels of protection, insulating data-driven organizations from oncoming threats.
Manufacturers are persistently investing in R&D and implementing leading-edge IoT and AI technology to better their product and service offerings.
Manufacturers are revolutionizing the payment procedure by providing innovative card payment methods. For passenger security, the vendor no longer has to access debit card numbers or card accounts but can instead utilize a technique that exchanges the actual card number for a random number. This implies that the vendor has no idea to whom the payment card is attached.
Global market participants are expanding their position in the card-based electronic access control systems market by now introducing streamlined access control technology that delivers highly sophisticated security at an affordable price and comes with the flexibility to match the demands of any company.
Credential technology is the core of access control, supplying systems with the information they need to establish if someone is authorized to enter a locked door or protected area. It began with magnetic stripe cards and has evolved through time.
This software-based solution is the next generation of that technology, delivering best-in-class encryption for unsurpassed security while allowing for various purposes other than access control.
Manufacturers are adopting simplified access control technology for attendance purposes, which is created exclusively for users who have grown to rely on the convenience and simplicity of this technology but do not require additional applications, such as time attendance.
Securing each campus is both a priority and a difficulty for educational institutions. Dormitory, lab, and research facilities must be accessible to students. Several educational institutions are now seeking assistance from top manufacturers in creating single-card solutions for university students and employees.
They can gain quick access to facilities with these cards, owing to an easy-to-manage access control environment. Previously, the card solution relied on proximity and magstripe technology. This, however, might be readily copied. Universities were looking for a solution that could increase security and allow for a progressive, university-wide transition to an upgraded one-card environment, which these major manufacturers now provide.
The manufacturer presented them with a Card that would capitalize on all of the components of these current readers while also being interoperable with other readers on campus. These companies also supply printers along with cards that can print and capture all three credentials on the same card.
Certain multinational manufacturers in the card-based electronic access control systems market are constantly experimenting with new software and technology to provide better Building Integration systems for both government and corporate offices.
This latest software includes Visitor Management and Smart Client, which enhances productivity, saves time, and is simple to use for both operators and guests. Customers can create their own encryption key for card-to-reader communication.
Several large hotels and resorts are now in need of a card-based electronic access control system to assure guest safety and seamless access across the properties, as well as door locks to match their premium hospitality in a modern luxury atmosphere. All electrical components are encased within the door itself by global manufacturers, leaving only a sleek door handle and reader visible, reflecting the particular style of each hotel and resort.
These access cards are equipped with encryption technology and contain the most recent security technologies to ensure that only those with authorization can obtain entry to rooms. This contains powerful anti-keycard cloning capabilities and alarms when a keycard is used on several doors. Keycards that have been lost or are suspected of being stolen can be deactivated immediately by staff.
Attributes
Details
Card-based Electronic Access Control Systems Market CAGR
9%
Card-based Electronic Access Control Systems Market (2022)
US$ 43.74 Billion
Card-based Electronic Access Control Systems Market (2032)
US$ 103.55 Billion
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Card-Based Electronic Access Control Systems Market Overview
Electronic access control system uses electronic or electromechanical system to allow restricted access within the organization. These systems include intruder alarm, perimeter security system and authentication system. Further, authentication systems are classified into card based electronic access control system, biometrics, door contact and keypads.
Card-based electronic access control system use different types of cards for security purpose. Access control systems enable various organizations and enterprise to limit the access of network, data and workstations to authorized person.
Government and commercial offices are increasingly using card-based electronic access control system to manage access to their resources. Card-based access control system is an efficient tool to protect the enterprise assets.
Card-based access control reduces need for multiple cards and access codes. Further, It offer flexibility for supporting various functions in an organization including security and managing the assets. Card-based access control system is a flexible and effective solution that accomplishes the organizations requirements in terms of security policies.
An access control system consists of components such as ID credential (card), card reader, door lock, control panel, control server, database and software. These components are either purchased from third party suppliers or developed by the OEMs.
Card-based electronic access control systems are connected to the database and control server through an existing IP network of the organization. As a result, it saves the cost of deploying additional network for the access control system.
Increasing demand for enhanced security and government policies for security issues is driving the card based electronic access control system market.
Images with better resolution and unchangeable personalization attributes are some of the technological advancements in the card-based electronic access control system. An emerging trend in card-based electronic access control system is the integrated solution for immediate response with electronic alarm systems.
However, lack of interoperability with existing security systems is affecting the market growth. Additionally, high upfront cost and growing market for alternate technologies such as near field communication (NFC) and biometric control access are posing challenge to the market growth.
Card-based electronic access control system can be segmented on the basis of types of card, end-use industry and geography. Different types of cards available include smart cards, bar code cards, dual function cards, barium ferrite cards and magnetic stripe cards among others. Magnetic strip cards are widely used across different end-use industries.
Card based electronic access control system has widespread application across various industries such as retail, military and defense, government and commercial offices, healthcare and banking and financial services among others. Currently, banking and financial services are extensively using card based electronic access control system in order to achieve better security.
Some of the major players in card-based electronic access control system include Assa Abloy AB, Aiphone Co. Ltd., Bio-Key International Inc., Cisco Systems Inc., Bosch Security Systems, Cognitec Systems GmbH, Fujitsu Ltd., Godrej and Boyce Company Ltd., Linear LLC, NEC Corporation, Honeywell International PLC, Panasonic Corporation, Schneider Electric, Napco Securities Technologies Inc., Chubb Securities S.A., Magel Securities Systems Ltd., Future Fibre Technology and United International Corporation among others.
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Regional analysis includes
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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