Global Digital Door Lock Systems Market Will Reach a Valuation of US$15,065.0 Mn over 2017-2025
Albany, NY -- (SBWire) -- 01/04/2018 --This report provides an analysis of the global digital door lock systems market for the period from 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year. Data for 2015 & 2014 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the digital door lock systems market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market's growth during this period. The study provides a holistic perspective on the market's growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.
Digital door locks is used to provide better security solutions for end-users. Consumers are accepting new security solutions embedded in their smart home application and considering as a value added facility for better quality of living. The global digital door lock system is experiencing growth owing to the factors such as development of micro, small and medium enterprises around the globe and managed security solutions emerging as an affordable option.
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The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The report also provides the ecosystem analysis and key market indicators for the digital door lock systems market. The digital door lock systems market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth. Apart from this, the report also provides vendor analysis for the digital door lock systems 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.
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The global digital door lock systems market is segmented on the basis of type and end-use industry. By type, the global digital door lock systems market is bifurcated into biometrics door lock systems and keypad door lock systems. The market for biometrics door lock system segment is further cross-segmented into face recognition, iris recognition, palm recognition, voice recognition, signature recognition and fingerprint recognition. Whilst, the keypad door lock system segment is further cross-segmented into magnetic stripe locks, electromechanical door locks and electric strike locks. Further, the end-use industry segmentation includes government, commercial, industrial and residential. The report covers the analysis of these segments across all geographies, along with qualitative analysis for key market indicators supplementing the growth of digital door lock systems market during the forecast period.
Digital Door Lock Systems Market: Competitive Dynamics
The report also includes competitive profiling of the key players associated with the digital door lock systems market around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis, and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.
Rising demand for digital door lock systems and increasing focus on safety and security, forcing companies to develop advanced digital door lock systems to continue the profitability of the market. Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., Assa Abloy Groupare, Cisco Systems, Inc., United Technologies Corporation, Siemens AG, Panasonic Corporation, Nestwell Technologies, Vivint, Inc., Samsung Electronics Co Ltd., and dorma+kaba Holdings AG, are the few key players which have been profiled in this study.
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