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In recent times, the increasing terrorist threats have been driving the government and private sectors to invest more in security. Safety concerns, backed by declining prices of card-based electronic access control systems (EACS), have considerably improved the uptake of this technology.
New analysis from Frost & Sullivan (autoid.frost.com), Asia Pacific Electronic Access Control Systems Market, finds that the market earned revenues of over $0.90 billion in 2008 and estimates this to reach $4.60 billion in 2015. This is due to a forecasted increase in the use of these systems in countries such as the Philippines, Vietnam, Indonesia, India, Australia, New Zealand, and South Korea, that show a much higher compound annual growth rate (CAGR) compared to other countries. The geographic markets covered in this research service are Singapore, Malaysia, Thailand, Australia, New Zealand, Indonesia, the Philippines, Vietnam, China, Taiwan, Hong Kong, South Korea, and India.
"As technologies improve and competition soars, prices will decline, making EACS affordable to almost all businesses," says Frost & Sullivan Industry Analyst Parul Oswal. "Technological advances have also made EACS more user-friendly; most card-based EACS simply need the user to hold the card close to the reader."
Additionally, the graphic user interface will make it easier to program and check the authorization of a person. These advancements in the field of access control technology not only helps companies to offer better-quality products, but are also helping them reduce production costs, which will, in turn, lower prices.
Despite the lowering of prices, the market is still being challenged by low-cost imports from China and Taiwan. Although the imported equipment is cheaper than domestic EACS equipment, they are of inferior quality, thereby discouraging buyers and restraining the market. Most users prefer readers that support multi-application functions, offer high security, and are reasonably priced.
"Smart cards have been successful for this reason, as they function as bank cards, meal cards, as well as door access cards," notes Oswal. "Smart cards that are likely to be used for logical access purposes in offices will experience higher demand."
Integration of biometrics with other types of EACS is also gaining popularity when cost is not a concern, as biometrics is much more expensive than other EACS.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.
Asia Pacific Electronic Access Control Systems Market is part of the Automatic Identification & Security Growth Partnership Service program. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.
Asia Pacific Electronic Access Control Systems Market / P1A2
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