Significant Research Report on Digital Door Lock System Market Strategies and Future Growth Factors with Competitor Analysis Report till 2026 | Digital Door Lock System Market by Region – North America, Latin America, Europe, Japan, APEJ, MEA

The global digital door lock systems market will continue to be driven by growing number of security breaches and thefts to physical assets and real estate properties. The adoption of digital door lock systems will witness an upsurge due to the increasing preference of consumers in using advance technologies for safeguarding their physical spaces. Demand for digital door lock systems in residential and commercial sectors will witness considerable uptick, with manufacturers remaining focusing adding new features to make the security functions of their products more robust. This report, compiled by FactMR, provides in-depth analysis with highlighting titled “Significant Research Report on Digital Door Lock System Market Strategies and Future Growth Factors with Competitor Analysis Report till 2026 | Digital Door Lock System Market by Region – North America, Latin America, Europe, Japan, APEJ, MEA.

The scope of the FactMR’s report is to analyze the global digital door lock systems market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Digital door lock systems suppliers, stakeholders and manufacturers in the global information and communication technology industry can benefit from the analysis offered in this report. Comprehensive analysis regarding the impact of technological advancements such as cloud computing, Internet of Things (IoT), big data and artificial intelligence is detailed in this report. The comprehensive study throws light on various trends, dynamics and restrains shaping future of the market, which can serve as a platform of further study, interest and understanding for the leading industries, journals and trade magazines pertaining to global digital door lock systems market.

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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.

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The report projects that the demand for fingerprint recognition digital door lock systems will lose traction over the forecast period. Malpractices such as the use of thin, pressure-sensitive films to replicate fingerprint impression continue create major concerns for the security measures of fingerprint recognition digital door lock systems. On the other hand, the demand for iris recognition digital door lock systems is expected to incur considerable gains, and register a CAGR of 41.3% in terms of volume over the forecast period. The report also projects that governments and commercial settings will be the largest end-users of digital door lock systems through 2026.

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.

Table of Contents

  1. Global Economic Outlook
  2. Global Digital Door Lock System Market – Executive Summary
  3. Global Digital Door Lock System Market Overview

3.1. Introduction

3.1.1. Global Digital Door Lock System Market Taxonomy

3.1.2. Global Digital Door Lock System Market Definition

3.2. Global Digital Door Lock System Market Size (US$ Mn) and Forecast, 2012-2026

3.2.1. Global Digital Door Lock System Market Y-o-Y Growth

3.3. Global Digital Door Lock System Market Dynamics

3.4. Supply Chain

3.5. Cost Structure

3.6. Pricing Analysis

3.7. Government Regulations

3.8. Raw Material Strategy

3.9. PLC Analysis

3.8. PESTLE Analysis

3.9. Key Participants Market Presence (Intensity Map) By Region

  1. Global Digital Door Lock System Market Analysis and Forecast 2012-2026

4.1. Global Digital Door Lock System Market Size and Forecast By Product Type, 2012-2026

4.1.1. Face Recognition Market Size and Forecast, 2012-2026

4.1.1.1. Revenue (US$ Mn) Comparison, By Region

4.1.1.2. Market Share Comparison, By Region

4.1.1.3. Y-o-Y growth Comparison, By Region

4.1.2. Iris Recognition Market Size and Forecast, 2012-2026

4.1.2.1. Revenue (US$ Mn) Comparison, By Region

4.1.2.2. Market Share Comparison, By Region

4.1.2.3. Y-o-Y growth Comparison, By Region

4.1.3. vein and Palm Recognition Market Size and Forecast, 2012-2026

4.1.3.1. Revenue (US$ Mn) Comparison, By Region

4.1.3.2. Market Share Comparison, By Region

4.1.3.3. Y-o-Y growth Comparison, By Region ……. CONTINUE…

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