DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Electronic Access Control Market Size, Trends and Forecasts (2016-2020)" report to their offering.
Growth of the overall market has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Mobile access control is the next major change in the security industry. It marks the advent of keyless era by replacing traditional keys and cards by digital keys that will be created, managed and used via smart devices. It is expected to be widely used in Residential and Government end-user industry globally.
Growth of global electronic access control market is driven by increasing popularity of mobile payments, growing safety and security needs and stringent regulation and quality requirements. However, factors such as absence of a common communication protocol, lack of trust on technological security and high cost are posing challenge to growth of the industry. Key trends prevailing in the industries include mergers and acquisitions in the industry globally and rise in residential market penetration.
Asia and Americas are the leading electronic access control market, driven by investments in advanced security technologies and rising digitization measures by the government of emerging economies.
The report also includes detailed analysis of leading players in the industry including Assa Abloy Group, UTC Fire & Security, Allegion PLC and ABB Group on the basis of attributes such as business overview, recent developments, financials and strategies adopted by the market leaders in order to ensure growth, sustainability, etc.
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional/Country Analysis
5. Market Dynamics
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/qv4zhh/global_electronic
