Pune, India -- (SBWIRE) -- 04/12/2019 -- Our latest research report entitled Digital Door Lock System Market (by type (biometrics, keypad locks, RFID locks), the end user (government, commercial, industrial, residential)) provides complete and deep insights into the market dynamics and growth of digital door lock system. Latest information on market risks, industry chain structure Digital Door Lock System cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential digital door lock system growth factors.

The forecast digital door lock system market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, digital door lock system on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report, the global digital door lock system market is projected to grow at a CAGR of 13% over the forecast period of 2018-2024.

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Increasing Conception of Home Automation Promotes Growth in Digital Door Lock System Market.

The increasing conception of home automation acts as the major driver for the digital door lock system market. The rising concerns regarding personal safety in residential as well as commercial buildings are one of the major factors drives the growth of the digital door lock system market. Furthermore, advancement in technology such as face recognition, fingerprint recognition, and capacitive touch screens are enhancing the consumer experience and proliferating adoption of digital door lock system that is boosting the growth of Digital Door Lock System Market.

Drivers and Restraints

The digital door lock provides remote access facility in datacenter and utility facilities. Furthermore, rising demand for efficient and cost-effective digital door security systems and solutions at workplaces fuels the growth of the global digital door lock systems market. In addition, Smartphone penetration is sustaining the expansion of the market for digital door locks. However, less adaptability to change from conventional mechanical locks to digital locks hampers the growth of the digital door lock system Market. Furthermore, the high cost of digital door locks curtails market growth. Moreover, Governments initiatives to develop smart cities are providing a beneficial opportunity for digital door lock system market.

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The North America Region to Contribute to the Growth of Digital Door Lock System Market

The North America region holds the largest market share across the globe owing to increased security and safety concerns. The high consumer awareness and technological enhancements also promote the growth of the digital door lock system market in the region. In North America, digital door lock systems offer beneficial growth opportunities owing to the rising demand for efficient and cost-effective digital door security systems during the forecast period. Additionally, the Asia Pacific region is expected to grow at the highest CAGR in the Digital Door Lock System Market owing to increasing urbanization and surge in penetration of internet-based services. The growing trend of smart homes market in the Indian and Chinese market drives the Digital Door Lock System Market in the Asia Pacific regions.

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Carson and Assa Abloy's Mul-T-Lock Announced Partnership and Integration

In October 2018 creators of the complete technology service staffed residential buildings and Mul-T-Lock, an ASSA ABLOY Group Brand, developer of the SMART air electronic door lock solution, announced a partnership and integration. Staff and residents of multifamily properties using the Carson application opened SMART air doors seamlessly with the Carson mobile and desktop application. Electronic door locks are the future. Mul-T-Lock's SMART air is a comprehensive electronic door lock solution that is proven, affordable, and is seamlessly integrated with Carson," said Guy Blachman, Carson Founder. "Landlords and managers increasingly expect one app for residents and staff that provides all the functions for a living and managing an unstaffed property - including communication, payments, service requests, electronic keys, and a 24/7 remote service center for managing deliveries and visitors. Through the Mul-T-Lock partnership, Carson is the only solution in the market that provided a one-app experience for the end user."

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Digital Door Lock System.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.