According to recently published report by Fact.MR, the global digital door lock system market is projected to grow at a CAGR of 30.8% in terms of value during the period 2017-2026. In terms of volume, the market is anticipated to record sales of nearly 80,000 thousand units by 2026-end.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=409
There has been a significant increase in the number of manufacturing sites along with growing pace of industrialization across the globe in the recent past. With growing number of facilities of various industries, advanced security technologies have gained immense momentum, thereby simulating the requirement for digital door lock systems. For example, mounting number of new facilities associated with MSME businesses has increasingly catalyzed demand for cost-effective and efficient digital door security solutions. In addition, robust expansion in the commercial and residential sector on the back of rapid population growth and urbanization has further augmented the need for efficient security systems in order to prevent infiltration, theft, and other relevant threats.
Increasing demand for convenient and reliable security systems from residential end-users has led manufacturers in integrating advanced technologies such as signature and iris recognition into digital door lock system. However, high cost of the digital door lock system will continue to restrain their adoption in the near future. In addition, troubleshooting and maintenance of digital door lock system are time-consuming and expensive, which in turn hamper their adoption, particularly in cash-strapped businesses across low-income nations. However, recent advances in sectors including IT-enabled services (ITES), IT and banking, along with the proliferated adoption of IoT devices will provide an impetus to the market expansion in the foreseeable future.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=409
The report has profiled leading manufacturers of digital door lock systems, which include
- Godrej & Boyce Manufacturing Company Ltd.
- Honeywell International Inc.
- Cisco Systems Inc.
- Assa Abloy Group
- United Technologies Corporation
- Panasonic Corporation
- Siemens AG
- Vivint Inc.
- Nestwell Technologies
- ABB Ltd.
- Allegion PLC
- Hitachi Ltd.
- Hanman International Pte Ltd.
- Dormakaba Holding AG
- Xeeder Technology Co. Ltd
- Wintec Electronic Tech Co. Ltd.
- Tyco International Ltd.
- Stone Lock
- Adel Lock.
These companies are likely to instrument the expansion of the global digital door lock systems market through 2026.
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=409
|Region||North AmericaLatin AmericaEuropeJapanAPEJMEA|
|Product Type||Face RecognitionIris RecognitionVein and Palm RecognitionVoice RecognitionSignature RecognitionFingerprint RecognitionMagnetic Stripe LocksElectromagnetic Door LocksElectric Strike LocksOther|
Why Opt For Fact.MR?
- Various analysis methods to deliver precise market information.
- Digital technologies to facilitate clients with updated market solutions.
- Multi-disciplinary approach to provide accurate insights of different industries.
- Data collection from extensive primary and secondary research.
- Round-the-clock availability to serve clients across the world.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Michigan News journalist was involved in the writing and production of this article.