
Keys are a thing of the past. A smart lock is the latest invention that transforms a traditional lock into a keyless door lock to your property. It relies on a connected locking system, providing both security and flexibility in one component. You can come and go as you desire without using a key. Plus, you can monitor incoming and outgoing traffic on your property when you are away. The latest models simply allow you to use your smartphone to unlock and lock doors.
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According to Market Research Future (MRFR), the global digital door lock systems market is expected to reach USD 14 billion with a CAGR of approximately 33% from 2017-2023 (forecast period).
The report illustrates the market opportunities and market implications that arose as a result of the COVID-19 pandemic.
Digital door lock systems are used for the safety and security of personal, organizational, and professional assets.
Digital lock systems are used in a variety of workplaces, such as residential, companies, and government offices around the globe.
There are many forms of digital door lock systems available on the market, such as fingerprint recognition, voice recognition, face recognition, and some others.
Key Players Some of the industry giants in the global digital door lock systems market are Hanman International Pte Ltd. (Singapore), Hitachi Ltd. (Japan), Nestwell Technologies (India), Cisco Systems, Inc. (U.S.), Godrej & Boyce Manufacturing Company Ltd. (India), Allegion PLC (Republic of Ireland), Panasonic Corporation (Japan), Wintec Electronic Tech Co. Ltd. (China), Assa Abloy Group (Sweden), United Technologies Corporation (U.S.), Vivint, Inc. (U.S.), Xeeder Technology Co. Ltd. (China), Honeywell International Inc. (U.S.), Siemens AG (Germany), and Tyco International Ltd. (Republic of Ireland) among others.