Terrorist Threats Drive Demand for EACS
The Asia Pacific market for access control systems is an optimistic one, with potential for significant growth in less-developed countries, where there is a greater need for security, a new study by Frost & Sullivan said.
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, the study said.
Asia Pacific Electronic Access Control Systems market earned revenues of over $0.90 billion in 2008, and will reach $4.60 billion in 2015. This is due to a forecasted increase in the use of these systems in countries such as India, the Philippines, Vietnam, Indonesia, Australia, New Zealand, and South Korea.
As technologies improve and competition soars, prices will decline, making EACS affordable to almost all businesses, said Parul Oswal, industry analyst at F&S. 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 programme and check the authorisation of a person. These advancements in the field of access control technology not only help companies to offer better-quality products, but are also helping them reduce production costs, which will in turn, lower prices.
But there are challenges as well. According to Oswal, despite low 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, it is of inferior quality, therefore discourages buyers, and restrains 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. They are likely to be used for logical access purposes in offices, and 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, she said.
- AI Raises Serious Security Concerns, Say Researchers
- How IoT Is Creating Modern, Smart Cities
- How Cisco Streamlined UTI's Communication System
- Study Reveals Why CISO Should Report To The CEO
- Choosing The Right HR Management System For Your Firm
- CXOs Still Wary Of Cloud Data Security: Study
- PNB Scam: Some Tech Lessons For Indian Banks
- Why Financial Sector CIOs Should Get On Top Of Machine Learning
- Smart Cars Can Be The Next Big Thing For Indian IT Firms, Says Study
- Unnecessary Security Cordons Make Fintech More Vulnerable