Global Digital Door Lock System Market Will Grow at a CAGR of Close to 32.

1%
by the End of Financial Year, 2025

Global Digital Door Lock System Industry By End Use (Residential, Industrial, Commercial), By Type
(Biometrics, Keypad), By Technology (Manual, Automatic), and By Application (Residential, Non-
residential) - Market Forecast and Size Analysis 2019-2025.

Global Digital Door Lock System Industry was valued at USD 1.5 Billion in the year 2017. Global Digital
Door Lock System Industry Report is further estimated to grow at a CAGR of 32.1% from 2019 to reach
USD 14.71 Billion by the year 2025. The North America region holds the highest Industry share in 2017
and Europe is considered the fastest growing Industry in the forecasted period. At the country level,
China and India are projected to grow strongly in the coming years due to rising population and
improved technology.

Major market players in Digital Door Lock System Industry are Hanman, Nestwell Co., Godrej, Cisco
Systems, Allegion plc, Panasonic Corp., Hitachi Ltd., Wintec Electronic Tech Co. Ltd, Assa Abloy, Xeeder
Technology Co Ltd., and brief information of 11 companies is provided in the report.

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SWOT Analysis of Digital Door Lock System Industry

Strength:

Growing demand for enhanced security solutions

Increased popularity of advanced security solutions. For e.g., face recognition.

Increase in the rate of burglaries, property crimes etc.

Weakness:

Expensive and not so cost friendly

Opportunities:

Investment by R&D Department

Upsurge in industrialization and expansion of business

Threats:

Intense competition among the producers

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The Global Digital Door Lock System Industry is segmented as By Type, End user, Application and
Technology and Region. The Type segment is segmented as biometrics, keypad and multiple functions.
Biometrics contributes to the highest Industry share due to wide-scale deployment of fingerprint
recognition devices across commercial and residential sectors. The End-Use segment is divided as
residential, industrial, and commercial and government in which the commercial sector has the highest
share in the Industry.

Digital Door Lock System Industry Segmentation:

By End Use

• Residential

• Industrial

• Commercial

• Government

By Type

• Biometrics

• Keypad

• Multiple functions

By Technology

• Manual

• Automatic

• Access Control
By Application

• Residential

• Non residential

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Questions Answered In Global Digital Door Lock System Market 2019 Report:
1. What will the growth rate and also the global Digital Door Lock System industry size by 2025?
2. What will be the global Digital Door Lock System market trends affecting the growth?
3. What would be the Digital Door Lock System challenges for development?
4. Who are the profitable vendors of the market?
5. What will be the elements driving the Digital Door Lock System market?
6. Which would be Digital Door Lock System industry opportunities and dangers faced with most
vendors in the industry?
7. What are the variables affecting the Digital Door Lock System market share globally?
8 What will be the outcomes of this market analysis?

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system through progressive statistical surveying, in-depth market analysis, and reliable forecast data.
Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of
empowering business with years of experience. We help our clients by implementing decision support
system through progressive statistical surveying, in-depth market analysis, and reliable forecast data.

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