Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Digital Door Lock Systems Market: Rising Adoption of Biometric Systems in Enterprise and Domestic Sectors to Fuel Demand, Says TMR


News provided by

Transparency Market Research

23 May, 2017, 12:30 GMT

Share this article

Share toX

Share this article

Share toX

ALBANY, New York, May 23, 2017 /PRNewswire/ --

The global digital door lock system market features the dominance of few large companies, with the top five vendors collectively accounting for a nearly 45% of the overall market in 2016, observed Transparency Market Research in a recent report. In the same year, the market had the leading ten companies collectively accounting for a massive 66% of the global market, with domestic, regional, and small-scale vendors holding the rest of the market.

Some of the most popular growth strategies adopted by leading players, including ASSA ABLOY, Onity, Inc., Honeywell International, Inc., and Panasonic Corporation, are strategic acquisitions, introduction of technologically advanced products, diverting investment towards the pursuit of technological excellence and optimized manufacturing capabilities. ASSA ABLOY, for instance has been continuously involved in various strategic acquisitions and has completed over 120 acquisitions since 2006. The company now boasts a huge range of products in its portfolio. Onity, Inc., in its pursuit of technological advancement, is deploying new cloud-based and Bluetooth technologies to its new door lock systems.

Demand from Enterprise and Domestic Sectors in Asia Pacific Market to Drive Growth 

In terms of type, the segment of biometric door lock systems dominated, accounting for a massive 67% in the global market in 2016. The segment is expected to account for nearly 73% of the global market by the end of the forecast period. The strong growth of the segment is expected to be driven on the back of the vast demand for systems such as fingerprint recognition across the residential as well as enterprise sectors.

In terms of geography, the market is expected to witness promising growth opportunities across developed economies in regions such as Europe and North America throughout the forecast period. Strong adoption of digital door lock system across the end-use industries including residential, industrial, government, and commercial sectors in these regions will be the key driving force. The Asia Pacific market, however, is expected to lead in terms of growth rate over the forecast period. The thriving enterprise and residential construction sectors in the Asia Pacific region will drive demand.

Transparency Market Research estimates that the global digital door lock system market had a valuation of US$1,161.7 mn in 2016. The market is anticipated to exhibit an exponential CAGR of 33.6% from 2017 to 2025, reaching US$15,065.0 mn by the end of forecast period.

Get PDF Sample for this Research Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23915

Rising Concerns Regarding Personal Safety to Fuel Demand for Effective Digital Door Lock Systems 

Over the past few years, factors such as the geographical expansion, rapid industrialization of services and operations units, and the vast rise in number of large enterprises-, small-, medium-sized enterprises across the globe have fuelled the global demand for digital door lock systems. Moreover, the rising rates of burglaries, property crimes, and home invasions have demonstrated the pressing need for improved home security solutions across the residential sector. Therefore, the demand for digital door lock system across the residential sector has continued to unceasingly increase, expected to fuel the growth of the digital door lock systems market in forthcoming years.

High Costs to Limit Adoption to Certain Extent 

However, low IT literacy hampering large-scale acceptance across certain regional markets is a key concern restraining the market. Similarly, high costs of security solutions, restricting the potential customer-base, is also limiting the growth of the digital door lock system market. Nevertheless, there have been rapid developments in technologies, costs have substantially declined, the consumer across emerging economies, especially in India, China, and the Southeast Asian countries, is becoming increasingly aware about the benefits of advanced security solutions. These factors are anticipated to offer lucrative opportunities to the global digital door lock system market in the near future.

Get more information from Research Report Press Release: http://www.transparencymarketresearch.com/pressrelease/digital-door-lock-systems-market-2017-2025.htm

This review of the global digital door lock systems market is based on a recent market research report published by Transparency Market Research, titled "Digital Door Lock Systems Market (Type - Biometrics (Face Recognition, Iris Recognition, Palm Recognition, Voice Recognition, Signature Recognition and Fingerprint Recognition) and Keypad (Magnetic Stripe Locks, Electromechanical Door Locks and Electric Strike Locks); End-use Industry - Government, Commercial, Industrial, and Residential) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015-2025."

For the study, the market has been segmented as follows:

Digital Door Lock Systems Market, by Type 

  • Biometrics
  • Face Recognition
  • Iris Recognition
  • Palm Recognition
  • Voice Recognition
  • Signature Recognition
  • Fingerprint Recognition
  • Keypad
  • Magnetic Stripe Locks
  • Electromechanical Door Locks

Digital Door Lock Systems Market, by End-use Industries 

  • Government
  • Commercial
  • Industrial
  • Residential

In addition, the report provides analysis of the Digital Door Lock Systems Market with respect to the following geographic segments: 

  • North America
    - The U.S.
    - Canada
    - Rest of North America
  • Europe
    - The U.K.
    - Germany
    - France
    - Rest of Europe
  • Asia Pacific (APAC)
    - India
    - China
    - Japan
    - Rest of APAC
  • Middle East and Africa (MEA)
    - GCC Countries
    - South Africa
    - Rest of MEA
  • South America
    - Brazil
    - Rest of South America

Top Most Research Reports by TMR: 

  • Cloud Based Language Learning Market: http://www.transparencymarketresearch.com/cloud-based-language-learning-market.html
  • Hosted PBX Market : http://www.transparencymarketresearch.com/canada-hosted-pbx-market.html

About Us 

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact:
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Google+: https://plus.google.com/+Transparencymarketresearch

Modal title

Also from this source

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Over the last year, several companies have announced new semiconductor fabrication sites, especially in the U.S., India, and Europe. These...

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

The market was valued at US$ 6.9 billion in 2022. The Silicon Metal Market Growth is estimated to reach US$ 10.7 billion by the end of 2031,...

More Releases From This Source

Explore

Computer & Electronics

Computer & Electronics

High Tech Security

High Tech Security

Biometrics

Biometrics

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.