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Global Electronic Access Control System Market is Estimated to Reach $40 Billion by 2024, Says Accurize Market Research

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Global Electronic Access Control System Market report published by Accurize Market Research forecast that the global market is expected to reach $40 billion by 2024; growing at a CAGR of 13% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Rising security concerns to drive the global market

Some of the factors driving the growth of global electronic access control system market include requirement of better security systems to tackle increasing criminal activities, and illegal immigration and tackle fraudulence, among others. Though, higher expense and lack of awareness in emerging countries are some key factors limiting the growth of the EACS market. As technology develops, cost of EACS is anticipated to decrease, resulting in higher acceptance of EASC in emerging countries.

Market Segmentation

Global electronic access control system market is split into technology, application and geography. Technology segment is divided into authentication systems, intruder alarm systems, perimeter security systems, and others. Authentication system is segregated into biometric system and card based system. Based on application segment, the market has been segmented among government, commercial, industrial, residential, and others.

North America, Europe, Asia-Pacific and rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada and Mexico. Europe covers countries like Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa and Middle East.

“Authentication system accounted for the largest market share in the type segment”, says Accurize

Authentication system accounted for the largest market share in 2017 and will continue its dominance during the forecast period 2017-2025. This is majorly attributed to inflating security budgets and improved security concerns over the forecast period.

“Asia Pacific dominated the global market with the highest market share over the forecast period”, says Accurize

Asia Pacific is anticipated to grow at the fastest CAGR of 15.8% during the forecast period 2017- 2025, driven by the inflating security budgets and growing security concerns over the forecast period. North America held the largest market share of 30.1% in 2017, majorly due to well-developed economy and increasing demand at highest pace in the country.

Top players in the market

Major companies operating in the market include Magal Security Systems Ltd., Tyco International, Assa Abloy AB, Future Fibre Technology, Schneider Electric, Siemens Building Technologies, Bosch Security Systems, Honeywell International Inc., Cisco Systems, Inc, Cognitec System GMBH among others.

Founder of Scoop Seek, Stephanie previously worked as a journalist for several local newspapers until she realized the potential of internet for news reporting. She started Scoop Seek which provided her a platform to dedicate her experience and knowledge for a wider range of audience. She also excels in curating business and economy news for the website.

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Business/Economy

Weather Forecast will be a mess if 5G is permitted

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A committee that was formed before the US House said that the new next-gen 5G mobile technology could be proved to hurt weather forecasting as per reports suggested by the experts in the United States.

Neil Jacobs is one of the Secretary who is acting under a Commerce for Oceans and Atmosphere at NOAA. And as Neil Jacobs has asserted, if the 5G wireless phones intervene, the accuracy of the weather forecast will reduce by 30 per cent. Further, Jacob added that the weather forecast would return to the 1980s level.

An Aerospace Industries Association reported that the consumers and government agencies depend on weather information, and it will be necessary for preparedness of disasters as well as recovery. The AIA has also notified that Interference-free radio frequency spectrum can give accurate results by making these applications possible.

However, today’s spectrum can directly impact the future of the weather forecast. The Federal Communication Commission (FCC) had recorded that the risk of weather forecast came into the picture when the FCC had auctioned off the 24 GHz spectrum.

Significant Security and Safety Implication:

The two Democratic senators, Ron Wyden of Oregon and Maria Cantwell of Washington wrote a letter to the FCC Chairman Ajit Pai asking him to block companies that operate in the 24 GHz band. Despite the American Meteorological Society, Wyden and Cantwell pointed out objections; the FCC began auctioning the 24GHz spectrum.

The wireless industry has raised its voice against the delay of the 24GHz spectrum. Meredith Attwell Baker, CEO of the CTIA have cited that the FCC had started looking at the 24GHz band five years ago. The commission had conducted an exhaustive review as well as consulted all the agencies to check on the interest accurately.

CTIA senior Vice President Nick Ludlum asserted that changing the relevance of 5G might undermine trump strategy.

Despite the issues raised by the military and scientific community, the implementation of 5G will be slowed down. The Principal analyst at Pund-IT Charles King also mentioned that the FCC should suspend the auctioning until the whole is solved.

On the other hand, Bill Menezes, a senior principal at Gartner, had notified that issues arising from spectrum relocation are nothing new. He also justified that problems can go beyond weather forecasting.

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Business/Economy

Release of Never Really Over by singer Katy Perry

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Katy Perry is back on screen with her new album that is named as “ Never Really Over.”

The lively tune was produced Zedd, an electronic pop musician and is partnered with a soothing and vibrant piece of video.

“ Never Really Over” is a video that revives emotions and feelings with a onetime lover. The lyrics in the song depicts evocative tones that are highlighted in the video directed by Philippa Price.

The 34-year-old singer sings her heart out that is she sings “ Thought it was done, but I guess it’s never really over. Oh, we were such a mess, but wasn’t it the best?”

The song was earlier teased in social media after Katy Perry advertised a video that traversed around the premise of Never Really Over video before its release.

The Teenage Dream Singer posted an enigmatic caption mentioning “Let it go…”

It is still unclear that whether Katy Perry is facilitating her work back to 2017’s Witness album, however in October Perry asserted that she is seeking for a break from the music industry.

With the conclusion for Witness: The Tour, Perry notified that she doesn’t desire to come back to the music studio for another album.

Katy Perry told Footwear News that after ten years of intense work in the music industry, she wants to relax for the time being. She also asserted that she is into too much of pop music and she is very grateful for that.

However, Katy Perry has not only Never released Over but has also released Zedd, 365. On Valentine’s Day, Perry had released the AI inspired tune.

Perhaps, Katy Perry was joking about her break and has said that Never Really Over is now available on all major platforms.

And for additional information, Katy Perry official website is always accessible for people to browse.

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Business/Economy

Avengers Endgame in the race to compete with movie Avatar

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Ever since the Avengers movie was released in the year 2012, audiences have been curious and excited to explore the characters of Iron Man, Captain America, Thor, Hulk, Loki, Black Widow etc. However, with the release of Avengers Endgame on April 22nd 2019 fans were elated to watch the Avengers assemble to fix all the ruins that Thanos had done to the universe.

Avengers being a month old after hitting the theatres, it is observed that the incredible movie is now all set to break records of James Cameron’s Avatar. The former film has earned around 2.69 billion dollars worldwide up to now, whereas the latter film has collected 2.78 billion dollars. ( The above-collected figures are from Box Office Mojo).

In the North American market, the movie has grossed over 800 million dollars mark to obtain 806.55 million dollars. The film is now behind a check of Star Wars: The Force Awakens’ that has earned around 936.66 million dollars and it is believed that most likely the film will not be able to hit the Star War set the benchmark.

In India, Avengers Endgame is one of the biggest Hollywood movie ever succeeding its predecessor Avengers: Infinity War much behind in the race as per Bollywood Hungama, the film has crossed over ₹370.86 crore in the country.

Avengers Endgame is a conclusion to the Infinity Saga of the Marvel Cinematic Universe. The movie is directed by Joe and Anthony Russo as well as had a cast comprising of Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Renner, Don Cheadle, Paul Rudd, Brie Larson, Karen Gillan, Danai Gurira, Bradley Cooper, Josh Brolin and the rest.

The Avengers Endgame has also received positive reviews from Rotten Tomatoes and as the report says, very entertaining, exciting movie that has impacted emotionally as well. The Endgame director did whatever possible to give a remarkable and satisfying finale to the Marvel’s epic Infinity Saga.

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