Electronics Locks Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights 2016 - 2024
Electronic locks can be deactivated or opened by authentication such as passwords and passphrases, numerical codes, security tokens, RFID, and biometrics, among others. Protecting valuable assets and places becomes a concern as the global economic climate sours. Rigorous access control gives peace of mind, leading to growing demand of electronic locks. Electronic lock is gradually becoming one of the primary and cost-effective way to prevent unauthorized access. Electronic locks find application in luxury apartments, office projects, and government projects. The electronic locks market can be segmented by end-use into hospitality and professional segments. The hospitality segment includes hotels, resorts, while the professional segment includes healthcare, government, education, commercial and financial verticals. Players in the market are ensuring electronic lock’s compatibility with technologies such as Wi-Fi or ZigBee, Z-Wave or Bluetooth or NFC, online wireless, s...