Lack Of Aawareness Among People About Digital Door Lock Systems is Likely To Hamper The Growth Of The Digital Door Lock System Market

 

 

Digital door lock systems make reference to electronically operated physical access systems that have gained significant traction in recent years due to growing concerns for the safety and security of organizational, private, and personal assets. Digital door lock systems are widely found in enterprises and other businesses to keep an eye on the information about a person entering or exiting a workplace. Digital door locks provide an inexpensive, easy to set up security solution that needs a dependable method of access control but where in actuality the allocation of cards or keys is unpractical due to the volume of entry and exit to the building.

With regards to geography, the Digital Door Lock System Market is split into six regions, such as for instance North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Based on type, the digital door lock system market is segmented into biometrics and keypad locks. Moreover, the increasing number of terrorist activities in emerging economies and a big number of infrastructure investment activities are likely to generate significant growth opportunities for the market. Key players active in the digital door lock system market are Panasonic Corporation, Hitachi Ltd., Godrej & Boyce Manufacturing Company Ltd., Allegion, Nestwell Technologies, Cisco Systems, ABB, etc.

Moreover, digital door locks provide keyless access to schools, homes, and business premises without always having some keys. You can find two main kinds of digital lock such as for instance Electronic and Mechanical. They can be found in multiple options with regards to the security requirements of an individual, such as for instance access predicated on security tokens, passwords, numeric code, passphrases, different types of biometrics, and radio frequency identification devices. Furthermore, the usage of smartphones as a method of gaining entry is among the major solutions gaining traction for residential and other end-user applications. The option of large-scale options and the advanced of security made available from these solutions are expected to drive market growth.

Increasing cases of crime, theft, and home invasion worldwide are among the leading reasons for market growth. Based on the Federal Bureau of Investigation (FBI), in 2019, around 1,117,696 burglaries occurred in the United States. Moreover, around 38% of assaults and 60% of rapes occur during home invasions. In the U.S., there's one burglary every 13 seconds and around 2.3 and 2.6 million robberies every year. The above-mentioned factors are expected to boost the demand for digital door lock systems. However, the lack of awareness among people about digital door lock systems is likely to hamper the growth of the Digital Door Lock System Market.