COVID-19 Impact and Recovery Analysis — Digital Door Locks Market 2020–2024 | Diversified Applications of Digital Door Locks to Boost Growth | Technavio
Technavio has been monitoring the digital door locks market and it is poised to grow by USD 10 billion during 2020–2024, progressing at a CAGR of over 28% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Digital Door Locks Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allegion Plc, ASSA ABLOY AB, dormakaba Holding AG, Godrej & Boyce Mfg. Co. Ltd., Honeywell International Inc., Napco Security Technologies Inc., Salto Systems SL, Samsung Electronics Co. Ltd., Spectrum Brands Holdings Inc., and United Technologies Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Diversified applications of digital door locks have been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/digital-door-locks-market-industry-analysis
Digital Door Locks Market 2020–2024: Segmentation
Digital Door Locks Market is segmented as below:
- Product
- Geographic Landscape
- Biometric Digital Locks
- Keypad Locks
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40793
Digital Door Locks Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The digital door locks market report covers the following areas:
- Digital Door Locks Market Size
- Digital Door Locks Market Trends
- Digital Door Locks Market Analysis
This study identifies the growing emphasis on smart locks as one of the prime reasons driving the digital door locks market growth during the next few years.
