Growing Security Concerns and Demand from Developing Markets Drives the Electronic Security Systems Market, According to New Report by Global Industry Analysts, Inc. (Press Release via Yahoo & PRWeb)
Another noteworthy trend is the shift in preferences towards integrated electronic access control systems & advanced network systems. Given their ability to enable the integration of existing access control systems with other security services, IP based open-architecture systems will witness increased demand in the next few years, thereby adding to the revenue stream. Access control systems that offer remote access via web browsers or virtual private networks (VPNs) are turning out to be highly popular among businesses organizations, especially SMBs, thereby driving access control system installations. Biometric technologies such as voice and face identification solutions, iris scanners, hand geometry systems, and fingerprint scanners also offer bright prospects for the biometric access control market. Poised to gain are biometric physical access systems, which seamlessly combine with time & attendance, payroll and other human resource application systems.
The global market for Electronic Security Systems (ESS) is projected to reach US$62.5 billion by 2018.
The paragraph quoted above certainly matches what we’ve been seeing in the market lately.