Press release
Growth of Smart Door Lock Market Trends, Share, Industry Size, Opportunities and Forecast 2015-2021 – Research Nester
The Global Smart Door Lock Market is anticipated to expand from USD 919.9 Million in 2015 to USD 4,606.6 Million in 2021, exhibiting a compound annual growth rate (CAGR) of 30.80% over the forecast period
By segment, global face recognition door lock segment is projected to expand at a CAGR of 27.75% from 2015 to 2018. After 2018, the market is expected to behold a CAGR of 29.39% and will reach to USD 230.7 Million by 2021. The year on year growth of the market is expected to show a significant increase of 8 percentage points over the forecast period, however the market is believed to experience a decline of 3.64 percentage points over the last year of forecast
Keypad Smart Door Lock segment is forecasted to grow at a CAGR of 28.14% from 2015 to 2021. Keypad door locks have been around for years but they were mostly used in commercial sector. Now these door locks have found their way into residential areas and many people are inclining towards this product due to large number of benefits included in it
Request Report Sample @ https://www.researchnester.com/sample-request/2/rep-id-132
Regionally, with USD 351 Million, Europe held the top rank in the global smart door lock market in 2015, the Europe smart door lock market is anticipated to expand at a compound annual growth rate (CAGR) of 27.30%, however in terms of CAGR Asia-Pacific is anticipated to be the most attractive market owing to the better GDP figures, promising trade balance, flourishing economies and continuous expansion in personal disposable income in Asia-Pacific region especially in India and China
Growth Factors Strengthening the Market Growth:
The growth in the hospitality industry and a fierce competition in providing better services are believed to encourage more hotel owners to adopt the smart door lock technology, which in-turn is likely to propel the smart door lock market across the globe
Global real estate investors remain strongly expansionary in 2016, with more than USD 1 trillion of planned expenditures anticipated to enter global real estate markets which is 7% higher than in 2015
Request for TOC Here @ https://www.researchnester.com/toc-request/1/rep-id-132
Most of the emerging nations such as India and China are currently witnessing a robust economic growth with rising personal disposable income particularly in a country such as China. With higher purchasing power, people in these nations are anticipated to spend more on security
Increasing crime rate brought the trend of installing smart door lock solution in residential areas where one can control all activities. Demand is now shifting increasingly towards electro-mechanical technology smart locks
Intelligent door lock systems can also count entries and exits and send an alert when too many people are in the premises
Buy This Premium Reports Now @ https://www.researchnester.com/payment/rep-id-132
For more details visit @ https://www.researchnester.com/reports/medical-carts-market/132
Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Name:- Ajay Daniel
1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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 Growth of Smart Door Lock Market Trends, Share, Industry Size, Opportunities and Forecast 2015-2021 – Research Nester here
News-ID: 1068593 • Views: …
More Releases from Research Nester Pvt Ltd
Lutein and Zeaxanthin Market - Key Players, Capability Assessment & M&A Indicato …
The lutein and zeaxanthin market has expanded steadily as demand for eye-health supplements, functional foods, and preventive nutrition increases across global consumer segments. Lutein and zeaxanthin, two essential carotenoids concentrated in the retina, are widely recognized for their protective roles against oxidative stress, age-related macular degeneration (AMD), blue-light exposure, and general visual fatigue. Their adoption has accelerated with the rise of digital lifestyles, an aging population, and growing clinical evidence…
Top Companies in Atrial Fibrillation Market - Benchmarking Performance & Future …
The atrial fibrillation market is undergoing a period of rapid transformation as diagnostic technologies, catheter-based therapies, and antiarrhythmic solutions continue to advance. Atrial fibrillation (AFib) is one of the most prevalent cardiac arrhythmias globally, prompting significant demand for improved detection, early intervention, and minimally invasive treatment. The shift toward advanced ablation systems, AI-enabled diagnostics, wearable monitoring, and next-generation electro-mapping tools has strengthened competition across the market. Companies are expanding their…
Conductive Textiles Market - Top Companies, SWOT Deep Dive & Capital Flow Trends
The conductive textiles market is undergoing a rapid transformation as wearable electronics, smart apparel, and advanced sensor-integrated fabrics move from niche applications to mainstream adoption. Conductive textiles-engineered using conductive polymers, metal-coated fibers, or intrinsically conductive yarns-have become integral to next-generation healthcare wearables, military gear, automotive interiors, and consumer smart devices. As industries push for lighter, flexible, and more energy-efficient electronic systems, conductive materials embedded within fabrics are emerging as a…
Global Osteosynthesis Devices Market: Top Companies, Market Share Rankings & Inv …
The osteosynthesis devices market continues to evolve as orthopedic care moves toward minimally invasive procedures, biologically compatible materials, and technology-enabled implants. These devices-ranging from plates and screws to intramedullary nails and fixation systems-are essential for treating fractures, deformities, and complex bone injuries. Companies operating in this space are adopting strategies centered around product innovation, clinical efficacy, and expansion into fast-growing regions. As trauma care volumes rise in both developed and…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
