Market Research estimates that the global digital door lock systems market will exhibit a strong 32.8% CAGR from 2016 through 2024. As a result, the market will rise from a valuation of US$920.7 mn in 2015 to US$11,230 mn by 2024. In terms of volume-wise growth, the market is expected to exhibit a 52% CAGR over the same period.
Albany, NY -- (SBWIRE) -- 01/05/2017 -- The digital door lock system market report provides an analysis of the global digital door lock system market for the period 2014 – 2024, wherein 2014 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the digital door lock system market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America. The report provides cross-sectional analysis of the global digital door lock system market in terms of market estimates and forecasts for all the segments across different geographic regions. This research report provides in-depth analysis of the global digital door lock system market on the basis of type, end-use adoption, and geography. The report also includes competitive profiling of major players engaged in providing digital door lock systems. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. This report also provides market positioning analysis of major players operating in the digital door lock system market.
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This research study on the global digital door lock system market provides a detailed analysis of various type of lock systems primarily biometric and keypad locks. The report also offers an in-depth analysis of various factors such as market drivers, restraints, and growth opportunities affecting the market dynamics. These factors enable the analysis of various trends that would impact the market during the forecast period from 2016 to 2024. The report includes a comprehensive coverage of the underlying economic and technological factors under key trend analysis influencing the digital door lock system market. Furthermore, the report aims to provide strategic insights into the value chain analysis and porter's five force model of manufacturers and distributors in the digital door lock system market. The market positioning analysis of key players throws light on the prevalent competition in this market.
Based on the end-use adoption, the digital door lock system market is segmented into government, commercial, industrial and residential. Based on factors such as budget, scalability, flexibility, and ease of use, end users tend to select best-fit solutions in order to cater to their requirements for security.
Various factors that affect the growth of the digital door lock system market have been identified in this report. The report aims to provide a comprehensive cross-sectional analysis of the digital door lock system market across geographies including North America, Europe, Asia Pacific, Middle-East and Africa (MEA), and South America. In addition, the report highlights the competitive landscape of the digital door lock system market and identifies various business strategies adopted by the leading players. Under the company profiles section, the report provides an overview of the companies operating in the market, strategies deployed by them to gain competitive advantage, SWOT analysis, annual revenue generated by them in the past two/three years, and recent developments.
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Some of the key industry players profiled in the research study include Godrej & Boyce Manufacturing Company Ltd., Nestwell Technologies, Hanman International Pte Ltd., Cisco Systems, Inc., Panasonic Corporation, Assa Abloy Group, Vivint, Inc., Allegion PLC, Wintec Electronic Tech Co. Ltd., Honeywell International Inc., Hitachi Ltd., United Technologies Corporation, Tyco International Ltd., Siemens AG, and Xeeder Technology Co. Ltd. The report also provides list of significant distributors across all the regions of the major players such as Samsung Electronics Co. Ltd., Assa Abloy Group, and Allegion PLC.
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