Press release
Global Digital Door Lock System Market Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026
Fact.MR
Request For Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=409
Digital door locks are locks that are installed on doors of various structures and can be operated with the convenience of applications on the user’s smartphone. These keyless locks operate on technologies such as Bluetooth and Wi-Fi.
Penetration of Smartphones & Mobile Broadband to Augment the Market Expansion
Smart devices are considered to be one of the major evolutionary innovations for commercial and residential spaces on the back of their sustainable, secure and convenient features. Significant growth in the security concerns, along with advancement in wireless communication technologies have led to the development of digital security systems such as digital door locks. The industry is at the inflection phase, mainly because of broader technology trends driving the overall smart home industry. However, smartphone penetration is sustaining expansion of the market for digital door locks. Declining prices of cloud infrastructure and mobile broadband have led to growing user convenience in remotely monitoring and controlling various electronic devices, and digital door locks are no exception.
The global market for digital door locks is characterized by significant opportunities for expansion in cloud-based lock management solutions and home-access solutions, owing to the advent of integrated connectivity. There has been a rise in implementation of sophisticated technologies including Bluetooth, Z-wave/ZigBee, Wi-Fi, and near-field communication (NFC) in access locks, which in turn is providing a boost to advancement of digital door locks. In addition, inclusion of add-on-locks and capacitive touch screens in digital door locks are enhancing the consumer experience and proliferating adoption. However, with growing market perceptions regarding problems associated with battery replacement, dead phones, power usage, and software security are likely to hinder the market growth in the upcoming years. In addition, the market encompasses a huge cost of sustainable technology, thereby posing a challenge for penetration into emerging economies to a certain extent.
Over 26,700 thousand units of digital door lock systems will be sold in Europe by 2026-end
Throughout the forecast period, Europe will remain at the forefront of global digital door lock system market expansion. The report estimates that by the end of 2026, around one-third share of global market volumes will be accounted by the sales of digital door lock systems in Europe. In terms of volume, the expansion of digital door lock system market in North America and Asia-Pacific excluding Japan (APEJ) region is pegged to be robust. By the end of 2026, North America’s digital door lock system market will record sales of over 21,600 thousand units of digital door lock systems, while the APEJ digital door lock system market will register sales of nearly 15,500 thousand units.
Browse Full Report with TOC @https://www.factmr.com/report/409/digital-door-lock-system-market
Competition Tracking
The report has profiled leading manufacturers of digital door lock systems, which include Godrej & Boyce Manufacturing Company Ltd., Honeywell International Inc., Cisco Systems Inc., Assa Abloy Group, United Technologies Corporation, Panasonic Corporation, Siemens AG, Vivint Inc., Nestwell Technologies, ABB Ltd., Allegion PLC, Hitachi Ltd., Hanman International Pte Ltd., Dormakaba Holding AG, Xeeder Technology Co. Ltd., Wintec Electronic Tech Co. Ltd., Tyco International Ltd., Stone Lock, and Adel Lock. These companies are likely to instrument the expansion of the global digital door lock systems market through 2026.
Check Discount @ https://www.factmr.com/connectus/sample?flag=D&rep_id=409
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Digital Door Lock System Market Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026 here
News-ID: 1028828 • Views: …
More Releases from Fact.MR
Tomato Powder Market Is Estimated To Reach US$ 2.3 Billion By The End Of 2033: F …
In 2023, the global market for tomato powder reached a valuation of US$ 1.6 billion. Projections indicate that by the close of 2033, sales of tomato powder on a global scale are expected to climb to US$ 2.3 billion, marking a compound annual growth rate (CAGR) of 3.7% from 2023 to 2033.
The Tomato Powder Industry sales study offers a comprehensive analysis on diverse features including production capacities, Tomato Powder demand,…
Portable Video Game Consoles Market Is Projected To Reach US$ 27 Billion By 2033 …
The forecast indicates a steady rise in global demand for portable video game consoles, projecting a Compound Annual Growth Rate (CAGR) of 6% from 2023 to 2033. Presently, the market for portable video game consoles stands at a valuation of US$ 15 billion globally. This figure is poised to ascend to US$ 27 billion by the conclusion of 2033.
The Portable Video Game Consoles Industry sales study offers a comprehensive analysis…
Smart Parking Solutions Market Is Forecasted To Reach US$ 39.2 Billion By 2034: …
Expanding at a CAGR of 20%, the global smart parking solution market size is set to jump from US$ 6.3 billion in 2024 to US$ 39.2 billion by 2034-end, as assessed by Fact.MR and revealed in its updated market report.
The Smart Parking Solution Industry sales study offers a comprehensive analysis on diverse features including production capacities, Smart Parking Solution demand, product developments, sales revenue generation and Smart Parking Solution…
Counterfeit Money Detection Market Forecasted to Expand Rapidly, Projecting US$ …
The size of the worldwide counterfeit money detection market was estimated to be US$ 3.2 billion in 2023 and is expected to grow at a consistent CAGR of 5.2% over the next ten years, to reach US$ 5.4 billion by 2033's end.
Security features on banknotes are designed to prevent counterfeit money. They check that banknotes have all the necessary security features. These tools are designed to quickly detect high-grade counterfeit…
More Releases for Tech
3-Axis Handheld Gimbal Stabilizers Market Analysis and Growth by Top Manufacture …
A report added to the rich database of Qurate Business Intelligence, titled “3-Axis Handheld Gimbal Stabilizers Market - Global Industry Analysis and Forecast to 2023”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the…
Handheld Gimbal Market Report 2018 Companies included Shape, Wondlan, SwiftCam T …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com *********
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Handheld Gimbal Market Report 2018 Companies included Shape, Wondlan, SwiftCam T …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com *********
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed…
Global Chemical Milling Market 2018 - Tech-Etch, Orbel, Tech Met
Apex Market Reports, recently published a detailed market research study focused on the “Chemical Milling Market” across the global, regional and country level. The report provides 360° analysis of “Chemical Milling Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Chemical Milling on…
Global Marine Drone Market 2018-2023 YUNZHOU TECH, Subsea Tech, ACSA
Marine Drone Market Research 2018
A market study "Global Marine Drone Market" examines the performance of the Marine Drone market 2018. It encloses an in-depth Research of the Marine Drone market state and the competitive landscape globally. This report analyzes the potential of Marine Drone market in the present and the future prospects from various angles in detail.
The Global Marine Drone Market 2018 report includes Marine Drone market Revenue, market Share,…
Global Microbial Identification Market 2017 : Biolog Inc, Tiandiren Bio-tech, He …
A market study based on the "Microbial Identification Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Microbial Identification Market 2017’. The research report analyses the historical as well as present performance of the worldwide Microbial Identification industry, and makes predictions on the future status of Microbial Identification market on the basis of this analysis.
Get Free Sample Copy of Report Here :
http://bit.ly/2tbFUG0
Top Manufacturers…
