Global Digital Door Lock System 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.