WiseGuyReports.Com Publish a New Market Research Report On - “RFID Lock 2017 Global Market Expected to Grow at CAGR 16.71% and Forecast to 2020”.

New York, NY -- (SBWire) -- 07/13/2017 --The analysts forecast the global RFID lock market to grow at a CAGR of 16.71% during the period 2016-2020.

RFID technologies are gaining attention from multiple sectors, especially hospitality, where property owners are harnessing the technology in providing enhanced customer experience. The hospitality industry relies on consumer comfort to build brand loyalty. As a result, property owners are increasingly investing in enhancing the aesthetics of their property. Door locks are the first thing in the hotel rooms a consumer interacts with. Also, the traditional form of locks with the key is outdated. The advent of electronic locks with technologies like biometric, radio-frequency integrated circuit (RFIC), and keypad provide hassle-free access to consumers and also enhance security and safety. The concept of RFID-based electronic locks are very similar to traditional locks and it uses a card or key fob to open a door. The technology finds application in various luxury apartments, government offices, residential properties, and in the industrial domain.

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Covered in this report

The report covers the present scenario and the growth prospects of the global RFID lock market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID locks.

The market is divided into the following segments based on geography:
- North America
- APAC
- Europe
- ROW

The report, Global RFID Locks Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ASSA ABLOY Hospitality
- Dormakaba
- MIWA Lock
- Samsung

Other prominent vendors
- Allegion
- Godrej Locking Solutions and Systems
- Hettich Hettlock
- LockState
- Onity (by United Technologies)
- SALTO Systems

Market driver
- Increasing demand for access control systems with near field communication (NFC) technology
- For a full, detailed list, view our report

Market challenge
- Threat of substitutes such as biometric and smart card
- For a full, detailed list, view our report

Market trend
- Growing demand for RFID-based furniture locks
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Report Details @ https://www.wiseguyreports.com/reports/837645-global-rfid-lock-market-2016-2020

Table Of Contents – Major Key Points

PART 01: Executive summary
- Highlights

PART 02: Scope of the report
- Market overview
- Vendor segmentation
- Top-vendor offerings

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights

PART 05: RFID technology landscape
- Components of an RFID system
- RFID systems supply chain
- RFID value chain
- Regulations and policies
- Regulatory agencies and compliance requirements

PART 06: Market landscape
- Market overview
- Global electronic lock market
- Global RFID lock market
- Five forces analysis

PART 07: Geographical segmentation
- Global RFID lock market by geography
- RFID lock market North America
- RFID lock market in Europe
- RFID lock market in APAC
- RFID lock market in ROW

PART 08: Market drivers
- Growing construction industry in APAC
- Increasing demand for access control systems with NFC technology
- Growing hospitality industry

PART 09: Impact of drivers

PART 10: Market challenges
- Slow adoption rate of technologically advanced RFID locks
- Threat of substitutes such as biometric and smart card
- High installation cost

Continued…….

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