Global Digital Door Lock Systems Market - Predicted to Expand at a CAGR of 30.25% during Forecast 20

From: MRRSE
Published: Wed Dec 19 2018


Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Global Digital Door Lock Systems Market - Predicted to Expand at a CAGR of 30.25% during Forecast 2018-2026". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Digital Door Lock Systems. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

The global digital door lock systems market is segmented by type into biometrics and keypad locks. Biometrics segment can be further divided into face recognition, iris recognition, palm recognition, voice recognition, signature recognition, and fingerprint recognition. The biometric segment is anticipated to occupy major revenue share by 2026 owing to the widespread adoption of advanced security solutions by commercial as well as residential consumers.The keypad segment can be divided into magnetic stripe locks, electromechanical door locks, and electric strike locks.

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The report comprises a detailed ecosystem analysis, which provides a comprehensive view of the global digital door lock systems market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

This research study on the global digital door lock systems market provides a detailed cross segment and cross country analysis based on the different segments including Type and End Use. Based on type, the digital door lock systems market is segmented into biometrics and keypad locks. Biometrics segment can be further divided into face recognition, iris recognition, palm recognition, voice recognition, signature recognition, and fingerprint recognition. The keypad segment also can be divided into magnetic stripe locks, electromechanical door locks, and electric strike locks. In 2026, the biometrics segment is expected to hold more than one half of the total market and expand at a rapid rate throughout the forecast period.  Based on end-use, the digital door lock systems market can be segmented into government, commercial, industrial, and residential

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with End Use participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These helps us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.

The report covers well-established players including Cisco Systems, Inc., Onity Inc., ADT Inc., Assa Abloy Group, Vivint, Inc., Allegion PLC, Godrej & Boyce Manufacturing
Co. Ltd., Honeywell International Inc., Panasonic Corporation, Johnson Controls, and August Home. These established players are engaged in the development and introduction of innovative security solutions for residential as well as commercial customers in the market.

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The digital door lock systems market has been segmented as below:

Global Digital Door Lock Systems Market, by Type

Biometrics

Face Recognition

Iris Recognition

Palm Recognition

Voice Recognition

Signature Recognition

Fingerprint Recognition

Keypad Locks

Magnetic Stripe Locks

Electromechanical Door Locks

Electric Strike Locks

Global Digital Door Lock Systems Market, by End-use

Government

Commercial

Industrial

Residential

Global Digital Door Lock Systems Market, by Geography

North America

U.S.

Canada

Rest of North America

Europe

U.K

Germany

France

Rest of Europe

Asia Pacific (APAC)

India

Japan

China

Rest of APAC

Middle East & Africa (MEA)

GCC Countries

South Africa

Rest of MEA

South America

Brazil

Rest of South America

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