Digital Door Lock Market Share 2021-2027
New Study Reports "Digital Door Lock Market Share 2021 Global Opportunities, Strategies, Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on Market Research Future.
Report Overview
The analysis includes forecasted Digital Door Lock Market Share valuation and growth rate, as per the researchers' review. This Digital Door Lock Market Share Review provides a summary of current market dynamics, barriers, drivers, and metrics as well as a perspective for important segments. Business growth in different industries, too, is anticipated. The nature of the research also demands comprehensive segmental analysis. The worldwide Digital Door Lock Market Share Share also provides a regional overview spanning North America, Latin America, Asia-Pacific Europe, and the Middle East & Africa, with the sector's detailed country-level measurements. The report also provides a thorough description of the business strategies used by the major players as well as new entrants.
The global Digital Door Lock Market Share is projected to reach USD 19.9 billion at a CAGR of over 33% by the end of the forecast period, 2017-2027.
The global Digital Door Lock Market Share is projected to witness a rapid growth during the forecast period owing to increase in the emergence of cloud-based technologies and increasing demand for safety and security solutions. Moreover, the growth of internet of things is another major factor driving the growth of Digital Door Lock Market Share. Moreover, increasing demand for digital door lock systems across various industry verticals such as retail, IT & telecommunications and others is driving the growth of the global market.
The global Digital Door Lock Market Share by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. The North America market is expected to witness a significant growth and holds the largest share of the global market during the forecast period. The U.S. and Canada are anticipated to drive the growth of the Digital Door Lock Market Share in North America region owing to the presence of a large number of established key players such as Cisco Systems, Inc., United Technologies Corporation, Vivint, Inc., and Honeywell International Inc. in this region. Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. The growth in the market is also attributed to increasing focus of business organizations towards digitization and growing adoption of digital door lock systems by residential and corporate sectors. In the global Digital Door Lock Market Share, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing focus on the security of people and increasing implementation of digital solutions across different countries in the region.
Key Players
The report has profiled some of the Important players prevalent in the global like – Hanman International Pte Ltd. (Singapore), Nestwell Technologies (India), Godrej & Boyce Manufacturing Company Ltd. (India), Cisco Systems, Inc. (U.S.), Allegion PLC (Republic of Ireland), Panasonic Corporation (Japan), Hitachi Ltd. (Japan), Wintec Electronic Tech Co. Ltd. (China), Assa Abloy Group (Sweden), Xeeder Technology Co. Ltd. (China), United Technologies Corporation (U.S.), Vivint, Inc. (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), and Tyco International Ltd. (Republic of Ireland) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Digital Door Lock Systems.
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Digital Door Lock Market Share Segmentation
The global Digital Door Lock Market Share is segmented on the basis of type and end user.
The type segment is classified into biometrics and keypad. The biometrics sub-segment is further classified into face recognition, iris recognition, palm recognition, voice recognition, signature recognition and fingerprint recognition.
However, the biometrics segment is expected to hold the largest market share of the Digital Door Lock Market Share and is also expected to grow at the highest rate across the globe over the forecast period. This is owing to the increasing demand for high-level security solutions at workplaces and houses.
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. The 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. Moreover, there has been a rise in the adoption of safety and security measures across several sectors which leads to market expansion. On the other hand, the APAC region is estimated to expand at the maximum CAGR during the assessment period. The emerging nations like India, Japan, and China are likely to play an important role in expanding the market. Besides, there is a rising concern towards the security of people which is augmenting the market. In addition, the rising implementation of digital solutions across various several APAC nations is further likely to augment the market.
However, the outbreak of COVID-19 is likely to change the market mechanism of several regions. Several markets have been affected significantly due to the observation of nationwide lockdown in various countries.
Key Stakeholders
Digital Door Lock Market Share Manufacturers
Digital Door Lock Market Share Distributors/Traders/Wholesalers
Digital Door Lock Market Share Subcomponent Manufacturers
Industry Association
Downstream Vendors
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
4 Market Landscape
….
11 Company Profiles
11.1 Hanman International Pte Ltd.
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Nestwell Technologies
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 Godrej & Boyce Manufacturing Company Ltd.
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Cisco Systems, Inc.
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
And more
Continued...
Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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