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Palo Alto, CA, United States, 2007/06/21 - New analysis from Frost & Sullivan, North American Electromechanical Security Markets, reveals that the market earned revenues of $96.8 million in 2006, and estimates this to reach $198.2 million in 2013.
Consumers will show an increasing interest in the electromechanical security (EMS) market due to the current focus on enterprise-wide access control systems and the hardware that enables this security. Electromechanical locks represent an important element in this market as they enable integrators and vendors to incorporate all doors and access points into one comprehensive solution.
New analysis from Frost & Sullivan (autoID.frost.com), North American Electromechanical Security Markets, reveals that the market earned revenues of $96.8 million in 2006, and estimates this to reach $198.2 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the North American Electromechanical Security Markets, then send an email to Sara Villarruel - Corporate Communications at sara.villarruel[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
“Owing to the convergence in the security market, hardware vendors push to provide hardware to enable the integration of hardware products into a comprehensive enterprise-wide security solution,” says Frost & Sullivan Research Analyst Dilip Sarangan. “The introduction of electrified hardware has facilitated the integration of door hardware with electronic access control products and various biometrics readers, thus improving security in facilities.”
However, the cost of incorporating hardware into each door is rather high, subsequently raising the cost of installing access control systems to the range of $2,000 to $5,000 per opening, depending upon the vendor and technology. In most new installations, building contractors try to reduce costs by not prioritizing door hardware. Yet, some building owners will quickly upgrade the hardware to improve security and reduce overall cost of ownership.
End-user segments that find the cost of integrating hundreds of doors in a comprehensive access control system high, prefer to continue using their current solutions and wait for prices to decrease, rather than overhaul their systems in the immediate future.
“In the physical security market, like in others, hardware prices are expected to drop once general market awareness increases and participants realize the need for such access control solutions,” notes Sarangan. “This will likely occur within two years and once it happens, this technology will become accessible across all verticals.”
Meanwhile, vendors need to educate end-users and train resellers as well as distributors about the benefits of the recently evolved EMS over mechanical locking systems, and the ways to install them efficiently. Once this technology and the role of market participants are defined for customers, the market will likely develop at a faster pace.
North American Electromechanical Security Markets is part of the Automatic Identification and Security Growth Partnership Service, which includes research services in the following: world video analytics markets, U.S. security systems markets, and world electronic access controls market among others. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.
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