Article -> Article Details
| Title | Digital Door Lock Systems Market |
|---|---|
| Category | Business --> Advertising and Marketing |
| Meta Keywords | Digital Door Lock Systems Market |
| Owner | MRFR |
| Description | |
| Digital
Door Lock Systems Market Analysis And Overview: The
Digital
Door Lock Systems market industry is projected to grow from USD 0.17
Billion in 2023 to USD 0.62 Billion by 2032, exhibiting a compound yearly
growth rate (CAGR) of 17.10% during the forecast period (2023 - 2032). Moreover,
the increasing popularity of developed security solutions such as fingerprint
recognition and fingerprint recognition is another significant element
propelling the expansion of global digital door lock systems market. In
addition, the rising demand for efficient and pocket-friendly digital door
security systems and solutions at homes and workplaces A digital door lock system is an
electronic locking device that uses a keypad, biometrics, or a smart card to
control access to a building or room. It replaces traditional mechanical locks
and keys with a secure, convenient and flexible digital lock. The system allows
users to control access to the premises and manage users’ privileges. Digital
door locks offer several advantages over traditional locks, including increased
security, remote management, audit trails, and ease of use. Digital
Door Lock Systems Market Key Players The
notable players of the global digital door lock systems are Tyco International
Ltd. (Republic of Ireland), Nestwell Technologies (India), Hanman International
Pte Ltd. (Singapore), Godrej & Boyce Manufacturing Company Ltd. (India),
Allegion PLC (Republic of Ireland), Cisco Systems, Inc. (U.S.), Panasonic
Corporation (Japan), Hitachi Ltd. (Japan), Assa Abloy Group (Sweden), Wintec
Electronic Tech Co. Ltd. (China), Xeeder Technology Co. Ltd. (China), Vivint,
Inc. (U.S.), Honeywell International Inc. (U.S.), United Technologies
Corporation (U.S.), Siemens AG (Germany), and a few others. Digital
Door Lock Systems Market Segmentation The
worldwide digital door lock systems market can be segregated on the basis of
type, end-user, and region. On
the grounds of the type, the worldwide digital door lock system can be
segmented into keypad and biometrics. The keypad segment can be further be
classified into electromechanical door locks, magnetic stripe locks, and
electric strike locks. The biometrics segment can be further classified into
voice recognition, iris recognition, face recognition, palm recognition,
signature recognition and fingerprint recognition. On
the grounds of end-user, the worldwide digital door lock system can be
segmented into industrial, residential government, and commercial. On
the grounds of the region, the worldwide digital door lock system can be
segmented into Asia Pacific, North
America, Europe, and Rest of the World (RoW). Digital
Door Lock Systems Market Regional Analysis The
geographical evaluation of Asia Pacific, North America, Europe, and Rest of the
World (RoW) has been performed. As per the analysis by MRFR, the global market
is estimated to be reigned by North America. region is technically advanced,
which gives an upper hand to the region. Also, the region consists of several
developed nations like the US, Canada and many more, which play a significant
role in developing the market. The U.S. and Canada are projected to drive the
regional market during the assessment period. Read
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