Global Door Entry System Market expected to record a CAGR of ~9% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Door Entry System Industry?

Global Door Entry System market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 14 Bn by 2028.

The Door Entry System Market is largely driven by the increasing demand for smart homes and having safer and more secure business & commercial premises.

More and more residential and commercial premises understand the importance of having a secure environment with lesser risks from thefts and other safety concerns which is helping the market growth.

The high upfront investments that are required for the installation of advanced door entry systems and solutions act as a constraint to market growth.

The low awareness levels among end-users regarding the complete benefits of the door entry systems and privacy concerns as well as data breach risks act as constraints for the market's growth.

The COVID-19 outbreak had a negative impact on the demand for door entry systems as manufacturing activities came to a standstill due to the imposition of the lockdowns. Even though there was some growth in demand in terms of contactless biometric tools such as face recognition tools but overall, the market suffered due to the pandemic.

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Global Door Entry System Market By Product Type

The Global Door Entry System market is segmented by Product type into Card-Based, Video/Audio Systems, Biometric Systems and Others.

The Card-Based segment held the largest market share in the Global Door Entry Systems Market in 2022.

The card-based access system uses smart cards which a person has to swipe at a security module that comprises a biometric sensor and an entry panel so that he can enter through the doors that have electronic locks.

The segment dominated the market because of its cost-effectiveness, reliability over the biometric readers, and convenience of use.

Global Door Entry System Market By Application

The Global Door Entry System market is segmented by Application into Residential and Commercial.

The Commercial segment held the larger share of the Global Door Entry Systems Market in 2022.

In order to prevent unauthorized access, protect assets, and people, commercial establishments such as hotels, entertainment areas, malls, departmental stores, offices, banking institutions, data centers, etc. are adopting the door entry systems which is helping this segment dominate the market.

Also, the door entry systems offer a safer and more cost-effective solution to these commercial users as compared to manned security systems.

Global Door Entry System Market By Geography

The Global Door Entry System market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America accounted for the largest market share in 2022 within the total global door entry systems market.

North American region dominated the door entry systems market due to the presence of a large number of companies in this region, well-developed infrastructure, high awareness among the people, and growing demand for safe & secure systems.

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Key Topics Covered in the Report

Snapshot of the Global Door Entry Systems Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Door Entry Systems Market
Historic Growth of the Overall Global Door Entry Systems Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Door Entry Systems Market
Overview, Product Offerings, and SWOT Analysis of Key Competitors
COVID-19 Impact on the Overall Global Door Entry Systems Market
Future Market Forecast and Growth Rates of the Total Global Door Entry Systems Market and by Segments
Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts
Analysis of the Door Entry Systems Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the report

ABB
Schneider Electric
Johnson Controls
Honeywell International Inc.
Siemens
Bosch Sicherheitssysteme GmbH
IDEMIA
Legrand
Dormakaba Group
ADT
SALTO Systems, S.L.

Notable Emerging Companies Mentioned in the Report

CAME
CIVINTEC
The Akuvox Company
Commend International GmbH
Xenon Smart Teknoloji

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Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Door Entry Systems Solutions and Service Providers
Door Entry Systems Developers
Suppliers of Door Entry Systems
Door Entry Systems Raw Materials and Components Suppliers
Software and Application Developers for Door Entry Systems Industry
Third-party Service and Maintenance Providers
Investors and Venture Capitalists in the Door Entry Systems Industry
Market Research & Consulting Firms
Start-ups & Incumbents in Door Entry Systems Industry
PE and VC Firms in Door Entry Systems
Government & Regulatory Authorities
Building Security Technology Companies
Home and Office Security Technology Companies
Video/Audio System Makers of the Door Entry Systems Industry

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

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https://www.kenresearch.com/business-research/global-door-entry-systems-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.