Digital Door Lock System Market: Rising Adoption from Small and Medium-sized Enterprises to Fuel Growth 2017 - 2024

-
An up to date intelligence report compiled at the headquarters of Transparency Market Research (TMR) has projected the demand in the global digital door lock system market to augment at a remarkable CAGR of 34.7% during the forecast period of 2017 to 2024. In terms of value, the digital door locking systems market is estimated to be worth US$11,230.0 mn by 2024, mounting rapidly from its evaluated valuation of US$1,481.8 mn as of 2017. Volume-wise, a demand for 258,101 units of digital door lock systems is foreseen by the end of 2024.
global digital door lock system market
Local Vendors Eating into the Shares of Global Players
Besides providing figurative analysis into the lucrativeness of different segments of digital door lock system, and revealing demand-potential of important regions and countries, the report has a featured section on vendor landscape.
Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=9770
 The analyst of this business study has detected a highly competitive scenario, attributing it to the low entry barriers of the market. There is strong presence of domestic and country-wide players as the technology is now quite accessible. These players are expected to continue eating a significant chunk of shares in the digital door locking system market in the near future. That being said, a few well-established and global companies do hold a position of moderate strength over regional and localized players, providing for a diverse portfolio and top-notch technology. The report profiles quite a few prominent companies operating in the global digital door lock system market, including Honeywell International, Inc., Siemens AG, the ASSA Abloy Group, Hitachi Ltd., Cisco Systems, Inc., and Godrej & Boyce.
Going forward, acquisition of promising smaller players is expected to be a key strategy of the market leaders to increase their shares, as it helps them strengthen their supply chain as well as enhances their product portfolio. Pioneering advancements to leverage cloud-based and Bluetooth technologies is also anticipated to be a mode of carving a niche in the market for the financially stronger players.

Comments

Post a Comment

Popular posts from this blog

Innovation and Advancements to Become Grounds for Competition between Terahertz Components and Systems Manufacturers

-
With the growing involvement of international players in the market for  terahertz components and systems , the degree of competition has increased significantly, finds TMR. The leading companies, namely, Advantest Corp, TeraView, Bruker Corp, NEC Corp, Menlo Systems GmbH, and Techcomp Group Ltd., are heavily investing in research and development activities to expand their product portfolios in order to sustain in this competitive environment.  Going forward, the companies are likely to compete on the basis of innovation and advancements. Product pricing will also play a key role in providing the manufacturers an edge over each other. Analysts at Transparency Market Research predict a high degree of competition as well as profitability in this market over the coming years. Get PDF Sample for this Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9119 Increasing Popularity of Terahertz Imaging Solutions Fuels Demand for...
Read more

Dairy Alternatives Market: Rising Adoption from Small and Medium-sized Enterprises to Fuel Growth

-
  The global   dairy alternatives market   size is expected to reach USD 50.87 Billion in 2028 and register a revenue CAGR of 10.5% over the forecast period, according to a latest report by Repoarts and Data. Shifting preference of consumers towards vegan and flexitarian foods, especially in developed countries such as the U.S. and the U.K., is resulting in high consumption of dairy alternatives such as almond milk, soy milk, and rice milk, which in turn, is expected to drive market revenue growth. Food manufacturers are opting for alternative sources of plant-based ingredients in order to meet growing demand from vegans for plant-based milk products. Vegans and vegetarians are actively opting for dairy alternatives due to advantages offered by consuming plant-based alternative beverages over natural dairy milk, which include prevention of lactose intolerance and cow’s milk allergy as these beverages do not contain high calorie, cholesterol, or lactose. Increasing demand ...
Read more

Virtual Private Server Market Expected to Reach US$ 4,453.7 Mn by 2026

-
Image
According to a new market report published by Transparency Market Research, the  global virtual private server market  was valued at US$ 1,104.2 Mnin 2016 and is projected to expand at a compound annual growth rate of 15.4% from 2018 to 2026, reaching US$ 4,453.7 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the virtual private server market in 2016. This is primarily due to strong technological advancement and substantial application of virtual private servers by several end-users such as BFSI and IT & telecom across the region. Request a Sample –  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51666 Growing security concerns among enterprises driving the global virtual private server market There is a considerable increase in the number of data breaches which needs to be avoided. VPS provides guaranteed dedicated resources such as RAM, CPU, ban...
Read more