Lack of Awareness about Digital Door Lock System to Hinder the Growth of Digital Door Lock System Market

 

Digital door lock systems refer to electronically operated physical access systems which have gained significant traction in recent years because of 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 info about a person entering or exiting a workplace. Digital door locks provide an inexpensive, easy to set up security solution that needs a trusted means of access control but where in actuality the allocation of cards or keys is unpractical as a result of level of entry and exit into the building.

With regards to geography, the Digital Door Lock System Market is divided into six regions, such as for example 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 a couple of keys. You can find two main forms of digital lock such as for example Electronic and Mechanical. They can be found in multiple options with regards to the security requirements of an individual, such as for example access based on security tokens, passwords, numeric code, passphrases, various kinds of biometrics, and radio frequency identification devices. Furthermore, the usage of smartphones as a means of gaining entry is one of the major solutions gaining traction for residential and other end-user applications. The availability of large-scale options and the higher level of security offered by these solutions are expected to operate a vehicle market growth.

Increasing cases of crime, theft, and home invasion worldwide are one of the leading factors behind market growth. In line with 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 is 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, having less awareness among people about digital door lock systems is likely to hamper the growth of the digital door lock system market.