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Card-Based Electronic Access Control Systems (EACS): A Global Strategic Business Report

Global card-based EACS market: $9 billion industry by 2018


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2014-03-14 07:53:01 - Card-Based Electronic Access Control Systems (EACS): A Global Strategic Business Report - a new market research report on companiesandmarkets.com

The global Card-Based EACS market (Electronic Access Control Systems) is projected to reach US$8.6 billion by 2018, driven by rising security concerns and the ensuing need to control access to information and physical property.

In this digitalized world, the need to ensure only authorized individuals gain access to such applications becomes absolutely critical. Most of the access control functions are becoming automated, for instance automated door opening at the entrance of offices and apartment houses, logging into an enterprise network/system, to even accessing ATMs, mobile phones, and debit/credit cards. Traditional security systems used for controlling unauthorized access, such as age old lock and key mechanism, use of security guards at the entry point, security monitoring, intercom/communications, vehicle gate control, truck traffic

 

 

control, and alarms, among others, have all been successful in ensuring restricted and safe access.

However, these conventional means of access control have been rendered largely insufficient while combating emerging threats from new-age offences such as identity theft, intrusions using fake IDs, tailgating among others, thus bringing the new-age card-based electronic access control systems in the limelight. Although not completely tamper proof, card-based access control systems scores over conventional password based access control systems for the simple reason that user credentials are kept hidden and users can just swipe or place the card in front of card readers instead of typing the user id and password. Also, duplication of cards is not an easy task and demand high level of technology understanding.

Similar to their application in physical access control, card-based access control systems can also be applied for logical access control to computers, servers, and networks for granting access to only authorized individuals. Increasing use of wired and wireless networks to gain access to information reservoirs in organizations, both small and large has often been associated with security threats. Organizations are now focusing on enhancing their logical access control infrastructure with systems that can authenticate users in a secure environment and grants access to networked systems, thereby driving significant demand for card-based access control systems. In response to the new regulatory and market norms, government and private organizations are shifting to multifactor authentications and access control systems such as a combination of password with card-based EACS. These multifactor authentication processes would not only strengthen information security but also lower support costs.

The United States represents the largest regional market worldwide. Middle East is the fastest growing market with value sales waxing at a CAGR of about 13.2% over the analysis period. Smart cards represent the fastest growing product segment with value sales growing at a CAGR of about 10.7% over the analysis period. However, Proximity cards continue to represent the largest product segment.

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Mike King
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