Digital Door Lock System Market Outlook, Trends, Analysis

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Digital Door Lock Systems Market Is Set To Garner Staggering Revenues By 2031 Date: May 4, 2022 Author: tmrseo

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Transparency Market Research delivers key insights into the global digital door lock systems market. In terms of revenue, the global digital door lock systems market is estimated to expand at a CAGR of 14.3% during the forecast period, owing to numerous factors, regarding which TMR o몭ers thorough insights and forecasts in its report on the global digital door lock systems market. The global market for digital door lock systems is largely a몭ected by numerous factors, including a techno-savvy population and the growing adoption of digital door lock systems for home security and safety. The rising trend of smart home technology is driving the global market for digital door lock systems. Follow Get a PDF brochure for Industrial Insights and business Intelligence

@ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=9770 Digital Door Lock Systems Market: Key Segments The global market for digital door lock systems has been segmented by type, end-use, and region. In terms of type, the digital door lock systems market has been divided into keypad lock, RFID card digital lock, keyless remote lock, and biometrics lock. The demand for keypad locks and biometric locks is very high, and the trend is anticipated to continue throughout the forecast period, owing to the frequent launch of new products. The biometric segment is further classi몭ed into 몭ngerprint recognition, palm recognition, face recognition, voice recognition, iris recognition, and others. The 몭ngerprint recognition segment accounted for a major revenue share in 2020 and is anticipated to expand at a CAGR of 18.4% during the forecast period. In terms of end-use, the digital door lock systems market has been divided into commercial, residential, government, and industrial. The commercial segment accounted for a signi몭cant market share in terms of revenue in 2020. Furthermore, the segment is estimated to record a CAGR of 14.3% during the forecast period. Get COVID-19 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=covid19&rep_id=9770 Digital Door Lock Systems Market: Prominent Regions The global market for digital door lock systems has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, and Rest of Europe), Asia Paci몭c (China, India, Japan, Rest of APAC), Middle East & Africa (GCC, South Africa, and Rest of MEA), and South America (Brazil, Rest of South America). The global digital

door lock systems market is dominated by the Asia Paci몭c, owing to increasing disposable income and the presence of a large consumer base. Europe is likely to show signi몭cant consumer preference for digital door lock systems and willingness to spend on smart home technology. Furthermore, the market in the region is anticipated to register a CAGR of 10.3% during the forecast period. In the Asia Paci몭c, the market for digital door lock systems generated revenue worth US$ 1,864 Mn in 2020. China is the major country contributing to the overall demand for digital door lock systems in the region. In North America, the market for digital door lock systems is anticipated to expand at a CAGR of 15.8% during 2021-to 2031. A highly advanced smart home market and technology development by key companies such as Apple, Google, and Amazon is anticipated to drive the demand for digital door lock systems in North America. Inquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=EB&rep_id=9770 Digital Door Lock Systems Market: Key Players Key players operating in the global digital door lock systems market are ADT, Inc., Onity Inc., Assa Abloy Group, Vivint, Inc., Allegion PLC, Godrej & Boyce Manufacturing Co. Ltd., Panasonic Corporation, Honeywell International, Inc., Spectrum Brands, Inc., Salto Systems S.L., etc. Global Digital Door Lock Systems Market: Segmentation Digital Door Lock Systems Market, by Type Keypad Lock RFID Card Digital Lock

Keyless Remote Lock Biometrics Lock Fingerprint Recognition Palm Recognition Face Recognition Voice Recognition Iris Recognition Others Digital Door Lock Systems Market, by End-use Commercial Residential Government Industrial TMR Latest News Publication: Tunnel Lighting Market – Tunnel lighting are gathering popularity as they help tra몭c to safely enter and exit through enclosed sections. Electrodeless lighting, LED lighting, 몭uorescent lighting, and incandescent lighting are some of the popular products available in the global tunnel lighting market. Of them, LEDs are gaining immense impetus owing to their several features such as better lighting quality, improved controllability, and long life span. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Our

experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts so that it always re몭ects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Rohit Bhisey 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll-Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com

Digital Door Lock System Market Outlook, Trends, Analysis

Published on May 4, 2022

Abhinav Singh

The mitigation efforts for COVID-19 have fueled the demand for biometric systems in government and private sector organizations to contain the spread of the novel virus. Digital door locks are being connected through Wi-Fi, Bluetooth, Z-Wave, and cloud-based solutions in residential and hotel spaces. However, pros and cons of systems such as advantage of splash-proof touchpads and disadvantage of unauthorized persons entering the building with code-lock door systems has intensified market competition. Thus, manufacturers in the digital door lock systems market should increase awareness about the advantages of code-lock door systems such as fast check-in and multi-user accessibility to offset its disadvantages.