Digital Door Lock Systems Market (27.2% CAGR) 2018-2026: Global Business Growth, Size and Forecast

According to a new market research report published by Credence Research, the market for digital door lock systems was valued at US$ 2.13 billion in 2017 and is projected to grow by 27.2 per cent during the forecast period from 2018 to 2026.

Market Insights

Property break-in is one of the most commonly committed crimes in the world, with almost 66% of total burglaries occurring. It is a serious problem across the globe and people are bound to adopt advanced security systems to protect their possessions from potential threats. Digital door locks systems are one of the most trusted avenues incorporated in their security measures and are highly encouraged for commercial and government residential properties. Digital door locks ensure optimum security by avoiding unauthorized access and are therefore experiencing a significant increase in demand over the last few years.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/digital-door-lock-systems-market

These locks provide connectivity to smartphones or tablets via Bluetooth, ZigBee or Wi-Fi, and may alert authorized persons and security authorities to any transgressions. Growing trends in smart connected homes have certainly created a favorable scenario for the market for digital door locks to flourish. With regard to the region, Europe is the largest consultant to digital door lock systems, with the highest market share in the overall market. The growth is largely attributed to the thriving hospitality & hotel industry, as Europe is home to one of the most visited tourist destinations. However, growing adoption of digital door locks in small and medium scale industries for avoiding unlicensed encroaching are driving Asia Pacific market with a faster pace. Technical complexity and glitches may offer hindrances to the market growth. Nevertheless, continuously developing technology expected to overcome the inhibitor in coming years.

Competitive Insights:

Cladded with high profile digital door locks vendor, the market is considered as one of the most tough and competitive market to survive. High profile players made the turf extremely difficult for new entrants as consumers’ often prefer to trust existing players with respect tot security of their prised possions. These companies are on their toes to make their product more reliable and ensure optimum security to gain the hard earned trust of their consumers.

Few of the major notable players profiled in this research study include Cisco Systems, Inc., Godrej & Boyce Manufacturing Company Ltd., Onity Inc., ADT Inc., Assa Abloy Group, Siemens AG, United Technologies Corporation, Vivint, Inc., Tyco International Ltd., Allegion PLC, Wintec Electronic Tech Co. Ltd. Honeywell International Inc., Panasonic Corporation, Johnson Controls, and August Home among others.

Key Analysis Covered:

  • Most common trends observed in digital door lock systems market and growth prospects for digital door lock systems manufacturers
  • Growing need for reliable security systems and connected technology creating an optimistic environment for digital door lock systems market
  • Different variants and technology used to secure doors for various end-users and their market estimations
  • Largest and fastest growing segments in terms of technology and end-user
  • Lucrative geographical regions/ countries mapped for the digital door lock systemss market

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59357

Table of Content

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Digital Door Lock Systems Market
2.2 Global Digital Door Lock Systems Market, by Technology
2.3 Global Digital Door Lock Systems Market, by End-user
2.4 Global Digital Door Lock Systems Market, by Geography

Chapter 3 Market Dynamics
3.1 Global Digital Door Lock Systems Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Growing Cases of Unauthorized Trespassing
3.1.1.2 Perpetual Rise in Biometrics Precision
3.1.1.3 Reducing Cost of Technology
3.1.2 Market Challenges
3.1.2.1 Lack of Awareness and Reliability in Emerging Market
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players

Chapter 4 Global Digital Door Lock Systems Market Analysis, by Technology
4.1 Overview
4.1.1 Global Digital Door Lock Systems Market Value Share, by Technology, 2017 & 2026 (Value, %)
4.1.2 Global Digital Door Lock Systems Market Value, by Technology, 2016 – 2026 (US$ Bn)
4.2 Biometrics Lock
4.2.1 Face Recognition
4.2.1.1 Global Face Recognition Digital Door Lock Systems Market, 2016 – 2026 (US$ Bn)
4.2.2 Palm Recognition
4.2.2.1 Global Palm Recognition Digital Door Lock Systems Market, 2016 – 2026 (US$ Bn)
4.2.3 Voice Recognition
4.2.3.1 Global Voice Recognition Digital Door Lock Systems Market, 2016 – 2026 (US$ Bn)
4.2.4 Fingerprint Recognition
4.2.4.1 Global Fingerprint Recognition Digital Door Lock Systems Market, 2016 – 2026 (US$ Bn)
4.3 Keypad Locks
4.3.1 Magnetic Strip
4.3.1.1 Global Magnetic Strip Digital Door Lock Systems Market, 2016 – 2026 (US$ Bn)
4.3.2 Electromagnetic Door Lock Strip
4.3.2.1 Global Electromagnetic Door Lock Digital Door Lock Systems Market, 2016 – 2026 (US$ Bn)
4.3.3 Electric Strike Lock
4.3.3.1 Global Electric Strike Lock Digital Door Lock Systems Market, 2016 – 2026 (US$ Bn)

Chapter 5 Global Digital Door Lock Systems Market Analysis, by End-user
5.1 Overview
5.1.1 Global Digital Door Lock Systems Market Value Share, by End-user, 2017 & 2026 (Value, %)
5.1.2 Global Digital Door Lock Systems Market Value, by End-user, 2016 – 2026 (US$ Bn)
5.2 Government
5.2.1 Global Digital Door Lock Systems Market for Government, 2016 – 2026 (US$ Bn)
5.3 Residential
5.3.1 Global Digital Door Lock Systems Market for Residential End-user, 2016 – 2026 (US$ Bn)
5.4 Commercial
5.4.1 Global Digital Door Lock Systems Market for Commercial End-use, 2016 – 2026 (US$ Bn)
5.5 Industrial
5.5.1 Global Digital Door Lock Systems Market for Industrial End-use, 2016 – 2026 (US$ Bn)

Chapter 6 North America Digital Door Lock Systems Market Analysis
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Chapter 7 Europe Digital Door Lock Systems Market Analysis
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Chapter 8 Asia Pacific Digital Door Lock Systems Market Analysis
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Chapter 9 Rest of the World (RoW) Digital Door Lock Systems Market Analysis
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You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59357

About Credence Research (Original Publisher)

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