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Digital Door Lock System Market to Top US$ 47 Bn as Government Focuses on Ramping up the Security

Retrieved on: 
Tuesday, January 4, 2022
Growth, Population, Apple Wallet, CAGR, Communication, Godrej & Boyce, Key, Apple Watch, IPhone, Godrej Group, Hyatt, Electronic, Smartphone, EFA, Intelligence, Technology, Mark (given name), Adoption, Government, Apple, Electronic Frontiers Australia, Internet, Weather, Mobile phone

Integration of innovative technologies with digital door lock systems is likely to accelerate the demand for smart homes.

Key Points: 
  • Integration of innovative technologies with digital door lock systems is likely to accelerate the demand for smart homes.
  • Sales of digital door lock systems in Germany are anticipated to reach US$ 1 Bn in 2022.
  • Further, rising adoption of smartphones is set to propel the digital door lock system market across the globe.
  • To learn more about Digital Door Lock System Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=409
    Key players operating in the digital door lock system market are focusing on introducing unique products to broaden their portfolios and strengthen their positions.

Digital Door Lock System Market to Top US$ 47 Bn as Government Focuses on Ramping up the Security

Retrieved on: 
Tuesday, January 4, 2022
Growth, NEW, Population, Apple Wallet, CAGR, Communication, Godrej & Boyce, Key, Apple Watch, IPhone, Godrej Group, Hyatt, Electronic, Smartphone, EFA, Intelligence, Technology, Mark (given name), Adoption, Government, Apple, Electronic Frontiers Australia, Internet, Weather, Retail, Mobile phone

NEW YORK, Jan. 4, 2022 /PRNewswire/ -- The global digital door lock system market size is projected to reach US$ 47 Bn, exhibiting growth at 18% CAGR between 2022 and 2032, predicts Fact.MR. Emergence of novel technologies, such as big data and artificial intelligence in the smart lock industry is anticipated to drive the market in the upcoming years.

Key Points: 
  • NEW YORK, Jan. 4, 2022 /PRNewswire/ --The global digital door lock system market size is projected to reach US$ 47 Bn, exhibiting growth at 18% CAGR between 2022 and 2032, predicts Fact.MR.
  • Integration of innovative technologies with digital door lock systems is likely to accelerate the demand for smart homes.
  • Sales of digital door lock systems in Germany are anticipated to reach US$ 1 Bn in 2022.
  • Further, rising adoption of smartphones is set to propel the digital door lock system market across the globe.