Global Digital Door Lock Market Worth USD 3.8 Billion by 2021 – Analysis, Technologies & Forecasts Report 2017-2021 Demand & Opportunity Outlook 2021

Wiseguyreports.Com
Adds “
Digital
Door Lock
Market -Market Demand, Growth,
Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022”
To Its Research Database.
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Covered In This Report:
Today, the locks are not
only to secure your holdings through their strength but also provide a
convenience. The market of locks has completely transformed from those
conventional metallic structure to
smart
locks
. Now, your lock is going
to provide you all information regarding your premises safety and let you
control it from your smart phone or bluetooth from a distance. The latest smart
door lock products are compatible with the latest technology and are very easy
to use leaving options with the consumer to particularly authorize the entrance
of people into your home and offices. Developed countries are more responsive
to the smart door lock market. With more than 34% CAGR, Asia-Pacific is
expected to show highest growth rate during the forecast period. Further, a
huge demand is also expected to arise from North America and European market.
At present, there are nearly 1.2 million homes in North America using some form
of smart lock and this is only the beginning. Furthermore, it is expected that
the smart lock market will grow $3.8 billion worldwide by 2020. North America
and South America together are expected to cover 55% of the total smart door
lock market share over the forecast period. The Bluetooth-based smart lock
segment is expected to be the largest market segment during the forecast period
and will account for an impressive market share of more than 60% by the end of
2020. On the back of factors like technological advancements, steep rise in
urban population, spiked demand for residential properties, expanded personal
disposable income, up-surged crime rate across the globe etc. the global smart
door lock market is projected to get a boost in near future. In addition to
that, the keyless features of latest smart locks, easy use , complete update,
video and image capturing , alarm alerts, and all can be controlled through web
from anywhere in the world would bolster the demand for digital locks in next
5-7 years.
However, less
adaptability to change from conventional mechanical locks to
digital
locks
, prone to be hacked,
costly affair to install in home and commercial buildings etc. are expected to
dampen the market growth. Furthermore, less government regulation in the
technological advancements, copied low-cost devices from China, battery life
are few other factors that would demonstrate the challenges for the smart door
locks. door lock market. Key Answers Captured in Report?
 Which geography would
have better demand for product/services?
 What are the strategies
adopted by big players in the regional market?
 Which country would see
the steep rise in CAGR & year-on-year (Y-O-Y) growth?
 What is the current
& expected market size in next five years?
 What is the market
feasibility for long term investment?
 What opportunity the
country would offer for existing and new players in the market?
 What is risk involved
for suppliers in the geography?
 What factors would
drive the demand for the product/service in near future?
 What is the impact
analysis of various factors in the market growth?
 What are the recent
trends in the regional market and how successful they are?
Make An Enquiry Before Buying This Report@ . http://ift.tt/2rZm5lI
Table of
Contents
1. Executive
Summary
2. Research
Methodology
3. Market
Dynamics & Its Impact Analysis
a. Growth
Drivers
b. Challenges
c.
Opportunities
d. Trends
4. Risk
Analysis
a. Supply
Risk
b. Demand
Risk
5. List of
Players manufacturing smart door locks across the Globe
6. Global
smart door locks Market Size ($ Million) and Forecast Analysis, 2015-2022
7. Market
Segmentation –By Global
    7.1 By Biometrics Data Inputs
      7.1.1 Market Share – By Biometric Data
Inputs
          7.1.1.1 Face Recognition– By Global
(Market Size, $ Million & Y-o-Y Growth Analysis, 2015-2022)
          7.1.1.2 Palm Recognition Keypad – By
Global (Market Size, $ Million & Y-o-Y Growth Analysis, 2015-2022)
          7.1.1.3 Iris Recognition – By Global
(Market Size, $ Million & Y-o-Y Growth Analysis, 2015-2022)
          7.1.1.4 Voice Recognition – By Global
(Market Size, $ Million & Y-o-Y Growth Analysis, 2015-2022)
          7.1.1.5 Fingerprint Recognition – By
Global (Market Size, $ Million & Y-o-Y Growth Analysis, 2015-2022)
          7.1.1.6 Signature Recognition – By Global
(Market Size, $ Million & Y-o-Y Growth Analysis, 2015-2022)
      7.1.2 Y-O-Y % Growth Rate Comparison- By
Biometric Data Inputs
      7.1.3 Market Attractiveness By Biometrics
      7.1.4 BPS Analysis By Biometrics
  Continued…
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 Contact Us:
Norah Trent
Partner Relations & Marketing Manager
Sales@Wiseguyreports.Com
Ph: +1-646-845-9349 (Us) 
Ph: +44 208 133 9349 (Uk) 

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