Press release
Electronic Cylinder Lock Credentials Market: Latest Trends and Forecast Analysis up to 2024
Obtain Report Details @
https://www.persistencemarketresearch.com/market-research/electronic-cylinder-lock-credentials-market.asp
Requirement for enhanced security in the residential sector, with enhanced growth in the construction and real estate sectors, are factors expected to fuel construction activities, thereby fuelling demand for electronic cylinder lock credentials. Demand is expected to pick up in the residential sector due to recent trends such as improving living standards, increasing per capita income etc.
The market in Europe is estimated to be the largest revenue contributor to the global electronic cylinder lock credentials market by 2016 end, with a revenue share of 35.9%. Owing to a large number of leading players offering home security solutions in Europe, the market in the region is becoming increasingly competitive in nature and is expected to continue growing in terms of revenue contribution. Region-wise, North America is estimated to be the second largest market in the global electronic cylinder lock credentials market, with revenue at US$ 89.8 Mn – an estimated increase of 8.4% by 2016 end over 2015.
Download Table of Content @
https://www.persistencemarketresearch.com/market-research/electronic-cylinder-lock-credentials-market/toc
Among all product types, RFID key (cards) segment is estimated to account for leading market revenue share by 2016 end, owing to the fact that it is cost-effective, easy to deploy, and users can use any Bluetooth-enabled hand-held gadget to access electronic door lock systems. Demand for electronic key (contact based) is estimated to witness highest growth rate by 2016 end, owing to its increasing utilization in commercial, residential, industrial, and government sectors.
Among all technology segment, low frequency RFID is estimated to lead in terms of overall revenue contribution by 2024, high frequency RFID (NFC) segment is estimated to witness highest growth rate by 2016 end. Locks being accessible using NFC technology, smartphones, tablets or Bluetooth-enabled gadgets, is a primary factor for consumers shifting to high frequency RFID (NFC) locks.
Request A Sample Of Report @
https://www.persistencemarketresearch.com/samples/11389
Leading players such as AIT Ltd., CES Group, Salto Systems, S.L, etc. are focusing on reducing operational costs as well as introducing advanced products to consolidate their position in the market. Mergers & acquisitions and joint ventures remain a key strategy in the global electronic cylinder lock credentials market. For example, over the last few years, companies such as SimonsVoss Technologies GmbH, ASSA ABLOY, and Salto Systems, S.L have significantly increased their footprint in the global electronic lock credentials market by entering into strategic partnerships with regional market players.
Long-term Outlook: PMR forecasts the global electronic cylinder locks credentials market revenue to increase at a 9.8% CAGR during forecast period 2016–2024, and reach US$ 740.4 Mn.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA - Canada Toll-Free: 800-961-0353
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 Electronic Cylinder Lock Credentials Market: Latest Trends and Forecast Analysis up to 2024 here
News-ID: 779375 • Views: …
More Releases from Persistance Market Research
DNA/RNA Extraction Machine Market to Grow at 7.2% CAGR Through 2031, Says Persis …
The global DNA/RNA extraction machine market is poised for significant expansion, fueled by the rise of molecular diagnostics, the genomics boom, and increasing investments in biomedical research. These machines serve a critical role in isolating and purifying nucleic acids from various biological samples, forming the foundation for downstream applications like PCR, sequencing, and diagnostics.
In 2024, the DNA/RNA extraction machine market is estimated at US$1.4 billion, with forecasts projecting growth…
Quinoa Market Set to Hit US$2.3 Bn by 2031, Riding a Strong 9.8% CAGR
The global quinoa market is poised for remarkable growth in the coming years, with projections estimating a market value of US$2.3 billion by 2031, up from US$1.2 billion in 2024. Driven by increasing consumer demand for nutritious and organic food options, the market is expected to register a CAGR of 9.8% between 2024 and 2031, According to Persistence Market Research.
Request a sample report@ https://www.persistencemarketresearch.com/samples/34798
Key Market Drivers
One of the key drivers…
Evolving Trends in the Insulin Pens Market: A Comprehensive Report
Market Overview:
The Insulin Pens Market has witnessed remarkable growth and innovation over the years. Insulin pens are medical devices used by individuals with diabetes to administer insulin easily and accurately. These devices have become an integral part of diabetes management, offering numerous advantages over traditional insulin delivery methods, such as syringes and vials.
In 2022, the global market for insulin pens brought in US$ 16.2 billion in revenue and is predicted…
Smart Machines Market to register growth at a CAGR of 20.1% throughout 2023-2033
The market for smart machines was valued at US$ 73,456.2 Mn in 2022, and it is expected to grow to US$ 5,44,986.6 Mn by the end of 2033. In 2023, the market for smart machines is expected to be worth US$ 87,045.6 Mn. From 2023 to 2033, the market for Smart Machines is expected to grow at a CAGR of 20.1%.
The market for artificially intelligent machines and systems that can…
More Releases for RFID
RFID Tags For Asset Tracking Market Exceptional Business Performance | Vizinex R …
As the global economy recovers in 2021 and the supply of the industrial chain improves, the RFID Tags For Asset Tracking market will undergo major changes. The latest research shows that the RFID Tags For Asset Tracking industry market size will be million US dollars in 2021, and will grow to million US dollars in 2028, with an average annual growth rate of %.
The global RFID Tags For Asset Tracking…
RFID Readers Market Growth by 2027 | Fixed RFID Readers, Integrated RFID Readers …
Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands…
Global RFID Tag Chips Market by Type, HF RFID Chip, UHF RFID Chip, LF RFID Chip, …
This study report Global RFID Tag Chips Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes the…
RFID Equipment Market - The Rising Application of RFID In Healthcare RFID Techno …
The applications of Radio Frequency Identification (RFID) have widened in the healthcare industry, ranging from tracking medical equipment, patient identification and blood transfer monitoring to tracking the path of medication from pharmacy to the patient. Due to this, the RFID equipment market has witnessed a high growth rate over the years.
Providing clients with in-depth analysis and competitive intelligence, the research report evaluates the RFID equipment market and all…
RFID Tag Chip Market: By Applications - HF RFID Tags, UHF RFID Tags, LF RFID Tag …
Latest industry research report on: Global and United States RFID Tag Chip Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1227953
This report studies the RFID Tag Chip market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits…
rfid clear tag for rfid inventory (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application.
DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm
DIT…
