Global Digital Door Lock Systems Market

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Global Digital Door Lock Systems Market
Report-Forecast 2023
Digital Door Lock Systems Market Report- Forecast
2023
P a g e 1 Copyright 2017
Market Research Future.
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Digital Door Lock Systems Market Report- Forecast
2023
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Digital Door Lock Systems Market Report- Forecast
2023 Summary The Global Digital Door Lock Systems
Market is projected to witness a rapid growth
during the forecast period owing to increase in
the emergence of cloud-based technologies and
increasing demand for safety and security
solutions. Moreover, the growth of internet of
things is another major factor driving the growth
of digital door lock systems market. Moreover,
increasing demand for digital door lock systems
across various industry verticals such as retail,
IT telecommunications and others is driving
the growth of the global market. The global
digital door lock systems market by geography is
segmented into North America, Europe, Asia
Pacific, and Rest of the World. The North America
market is expected to witness a significant
growth and holds the largest share of the global
market during the forecast period. The U.S. and
Canada are anticipated to drive the growth of
the digital door lock systems market in North
America region owing to the presence of a large
number of established key players such as Cisco
Systems, Inc., United Technologies Corporation,
Vivint, Inc., and Honeywell International Inc. in
this region. Due to the sustainable and
well-established economies in the region, the
market is likely to show immense growth in the
coming future
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Digital Door Lock Systems Market Report- Forecast
2023 Major Key Players Some of the prominent
players in the global digital door lock systems
market Hanman International Pte Ltd.
(Singapore), Nestwell Technologies (India),
Godrej Boyce Manufacturing Company Ltd.
(India), Cisco Systems, Inc. (U.S.), Allegion PLC
(Republic of Ireland), Panasonic Corporation
(Japan), Hitachi Ltd. (Japan), Wintec Electronic
Tech Co. Ltd. (China), Assa Abloy Group (Sweden),
Xeeder Technology Co. Ltd. (China), United
Technologies Corporation (U.S.), Vivint, Inc.
(U.S.), Honeywell International Inc. (U.S.),
Siemens AG (Germany), and Tyco International Ltd.
(Republic of Ireland) among others.
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Digital Door Lock Systems Market Report- Forecast
2023
Segmentation The global digital door lock
systems market is segmented on the basis of type
and end user. The type segment is classified
into biometrics and keypad. The biometrics sub-
segment is further classified into face
recognition, iris recognition, palm recognition,
voice recognition, signature recognition and
fingerprint recognition. However, the biometrics
segment is expected to hold the largest market
share of the digital door lock systems market
and is also expected to grow at the highest rate
across the globe over the forecast period. This
is owing to the increasing demand for high-level
security solutions at workplaces and houses.
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Digital Door Lock Systems Market Report- Forecast
2023 Regional Analysis The global digital door
lock systems market is studied in Asia Pacific,
North America, Europe, and Rest of the World. It
has been observed that North America is
estimated to account for the largest share of the
market, whereas Asia Pacific is projected to grow
at the fastest rate during the forecast
period. The growth of the market in
North America is attributed to technological
advancements and increased adoption of safety
and security measures across various industry
verticals.
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Digital Door Lock Systems Market Report- Forecast
2023
(Germany) are focusing on the digital utilities
transformation.