Electronic Cylinder Lock Credentials Market, By Product Type (Electronic Key (Contact based), RFID Key (Cards), Key Fob

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2. ELECTRONIC CYLINDER LOCK CREDENTIALS MARKET ANALYSIS Electronic Cylinder Lock Credentials Market, By Product Type (Electronic Key (Contact based), RFID Key (Cards), Key Fob & Badge), by Technology (Low Frequency RFID, High Frequency RFID (NFC) and Others), and By End-use (Commercial Sector, Residential Sector, Industrial Sector and Government) by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Market Insight- Global Electronic Cylinder Lock Credentials Market Electronic keys refer to a digital encoded key that ensures high level of security. An electronic lock or electric lock is a locking device that operates by electric current. These locks are standalone devices with electronic assembly mounted directly to the lock. Moreover, these locks can be remotely monitored and controlled, to lock and unlock. An electronic fob is a type of smart security token with built-in authentication mechanism. Conventional fobs are developed using infrared technology and thus can be copied with help of programmable remote control.

4. Market Dynamics- Drivers • High growth of construction and real estate industries is expected to drive growth of the global electronic cylinder lock credentials market during the forecast period • Increasing demand for enhanced security solutions in residential sector is expected to propel the global electronic cylinder lock credentials market growth over the forecast period

5. Market Share

6. Market Dynamics- Restraint • High initial installation cost of security systems is expected to restrain growth of the global electronic cylinder lock credentials market over the forecast period • Low literacy of IT applications hampering large-scale adoption and is expected to hinder the global electronic cylinder locks credentials market growth over the forecast period

7. Market Opportunities • Increasing expansion of IT and BFSI sector is expected to pose lucrative business opportunity • Increased expenditure capacity in developed regions is expected to present significant growth opportunity

8. Market Opportunities

9. Market Trends • Advent of smart homes and gadgets is expected to boost the demand for electronic lock systems • Growing adoption of lavish and luxurious lifestyle is expected to accelerate the demand for electronic door locks

10. Competitive Section • Key companies operating in the global electronic cylinder lock credentials market are iLOQ Limited, SimonsVoss Technologies GmbH, AIT Ltd. (Altman Integrated Technologies Limited), ASSA ABLOY, WFE Technology Corp., Salto Systems, S.L, CES Group, Legrand, and Kaba Group

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