Electronic access control systems to reach $6.1 billion by 2010

SAN JOSE, Calif., 27 July 2007. Electronic access control systems are one of the fastest growing sectors of the security industry. Growing demand for heterogeneous technologies for security applications and RFID technology will also contribute to market expansion. Biometric solutions are making inroads, and smart cards are projected to grow in various sectors.U.S. is the largest market worldwide, worth an estimated $2.2 billion in 2007. Europe is the second largest regional market followed by a much smaller Asian market at third position. Europe and the U.S. account for more than 80 percent of the global electronic access control systems market as stated by Global Industry Analysts Inc.

See Full Article Here