Digital Door Lock Systems Market

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Digital Door Lock Systems Market Research Report
By Forecast o 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Digital Door Lock Systems Market Forecast To 2023
Digital Door Lock Systems Market Forecast To 2023

• Growing demand for enhanced home security
  solutions is one major factor driving the growth
  of digital door lock systems market. Technology
  giants such as Honeywell International, Hanman
  International Pte Ltd., Nestwell Technologies,
  Godrej Boyce Manufacturing Company Ltd., Cisco
  Systems, Inc., Allegion PLC., Panasonic
  Corporation and Hitachi Ltd. are a few of the
  major players in the global digital door lock
  systems market. Increasing demand for efficient
  and cost-effective digital door security systems
  and solutions at workplaces is also one of the
  major factors driving the growth of the global
  Digital Door Lock Systems Market.
• Furthermore, increasing popularity of advanced
  security solutions such as face recognition and
  fingerprint recognition is another factor
  responsible for fueling the growth of the global
  digital door lock systems market.
• The biometrics sub segment falling under the
  segment type 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 over the forecast period owing to
  the increasing deployment of high-level security
  solutions.

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Digital Door Lock Systems Market Forecast To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
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Digital Door Lock Systems Market Forecast To
2023

• The North America region holds the largest share
  of the market across the globe followed by
  Europe, and Asia Pacific region. The U.S. and
  Canada are dominating the North America market
  due to rising technological enhancements and
  increasing demand for safety and security in the
  region. Moreover, the region has a
  well-established infrastructure, which allows
  faster implementation of advanced technologies.
  Additionally, the growing adoption of convenient
  safety solutions is another major factor driving
  the growth of the digital door lock systems
  market in the region.
• The global digital door lock systems market is
  expected to grow at a CAGR of approximately 33
  during the forecast period, 2017-2023. 

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Digital Door Lock Systems Market Forecast To 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 Forecast To 2023
Application Major Players in this Research

• Digital Door Lock Systems Market Prominent
  Players
• 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),
• Vivint, Inc. (U.S.),

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Digital Door Lock Systems Market Forecast To 2023
Digital Door Lock Systems Market Segmented on the
basis of
Segment The global digital door lock
systems market is segmented by type and end user.
Based on the type, the market is segmented 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. The keypad sub-segment is further
classified into magnetic stripe locks,
electromechanical door locks, and electric strike
locks. Whereas, based on the end user, the market
is segmented into commercial, industrial,
residential and government.
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