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Facial Door Lock Market To Reach USD 2,414.2 Million By 2028; Increasing acceptance of modern technologies to increase demand: Fortune Business Insights ™

Important companies in the market for door locks with facial recognition are: MD Smart Touch (Melbourne, Australia), Samsung Group (Seoul, South Korea), Godrej Group (Mumbai, India), iView (California, USA), iCreation (Canada), ZKTeco Co. , Ltd. (Dongguan, China), Corum Security (Vancouver, Canada), Elecpro Group (California, USA), EPIC Systems (Korea), Bonwin Technology Co (Changzhou, China), Pune, India, March 23, 2021 (GLOBE NEWSWIRE) Global Face Recognition Door Locks Market size is expected to gain momentum, reaching USD 2,414.2 million by 2028. Fortune Business Insights in its most recent report, Facial Recognition Door Locks Market, 2021-2028. Mentioned the market was $ 737.6 million in 2020 and is expected to have a CAGR of 16.2% between 2021 and 2028. This is due to the increasing adoption of advanced technologies in the development of intelligent security systems around the world. Market with 14.3% growth in 2020 Manufacturing activities in several industries suffered from shutdowns due to the global pandemic. In addition, companies face problems such as supply chain disruptions, downsizing and limited availability of resources. This has affected the market to some extent. The market is expected to grow more slowly in 2020 with a CAGR of 14.3%. However, the proactive steps taken by several companies to resume industrial operations after the pandemic should be a good sign of the market’s growth. Click here for the short term and long term impact of COVID-19 on this market. Please visit: https://www.fortunebusinessinsights.com/face-recognition-door-lock-market-105039 Market Segmentation: We have segmented the market by application and region. Based on application, the market is divided into residential, hospitality, commercial, government and other (critical infrastructure, etc.). Depending on the application, the residential segment held a market share of around 32.7% in 2020 and is expected to show exponential growth in the forecast period. This is due to factors such as the growing demand for smart home solutions due to the growing global demand for smart homes. Finally, the market is split by regions in North America, the Middle East and Africa, Asia-Pacific, and South America. What does the report contain? Global Face Recognition Door Lock Reports Market highlights leading regions around the world to provide solid understanding for the user. Additionally, the report provides in-depth insights into the latest industry growth trends and analyzes technologies that are rapidly being adopted. It also highlights some of the drivers and limitations that will help the reader gain knowledge of the market using various research methodologies. Request For Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/face-recognition-door-lock-market-105039 DRIVING FACTORS Increasing Adoption of Advanced Technologies to Boost Growth In February 2020, SensibleVision, a leading Smart The door lock provider announced its partnership with Inuitive to improve the face recognition based smart door locks. The companies use advanced technologies such as machine learning, artificial intelligence and 3D imaging to increase the accuracy of the system. The increasing adoption of advanced technologies such as the Internet of Things (IoT) has resulted in an improved rate of accuracy of the security system in recognizing faces. In addition, companies use these technologies to develop advanced intelligent security systems that provide ease of use, security, and automation. This is expected to benefit the global face recognition door lock market growth over the forecast period. REGIONAL INSIGHTS North America – The region totaled $ 351.6 million in 2020 and is expected to hold the largest global door lock with facial recognition market share in terms of revenue over the forecast period. This is due to the increasing adoption of smart homes and advanced security solutions in the region. Asia Pacific – The region is expected to experience significant growth, supported by lucrative opportunities for companies to build their business due to the tremendous growth potential in countries like India and Singapore between 2021 and 2028. Europe – The market in this area Significant growth is expected for the region, supported by the increasing adoption of advanced technologies such as facial recognition, deep learning and other technologies that will encourage the adoption of advanced door lock systems for facial recognition. Talk to the Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/face-recognition-door-lock-market-105039 COMPETITIVE LANDSCAPE Large companies focus on product launches to strengthen their market positions. The market is fragmented with leading companies focused on developing advanced security solutions to meet growing consumer and commercial demand worldwide. In addition, the adoption of organic and inorganic strategies by other key players in order to maintain their presence is expected to bode well for market growth over the forecast period. Industry development: October 2020 – ZKTeco Co., Ltd. introduces a new and advanced face recognition technology. According to the company, the technology provides effective security by employing thorough, unrestricted facial screening and facial anti-spoofing. List of companies in face recognition door lock market: MD Smart Touch (Melbourne, Australia) Samsung Group (Seoul, South Korea) Godrej Group (Mumbai, India) iView (California, USA) iCreation (Canada) ZKTeco Co., Ltd . (Dongguan, China) Corum Security (Vancouver, Canada) Elecpro Group (California, USA) EPIC Systems (Korea) Bonwin Technology Co (Changzhou, China) igloohome Smart Locks (Singapore) Xiaozhu (China) Brinks Home Security (Texas, USA) Latchable, Inc. (New York, USA) Nuke (Austria) Xiaomi Group (Beijing, China) Techlicious LLC. (New York, USA) Kaadas (Australia) Dessmann GmbH (Stuttgart, Germany) Honeywell International, Inc. (North Carolina, USA) Assa Abloy (Stockholm, Sweden) Quick Buy – Face Recognition Door Lock Market Research Report: https: //www.fortunebusinessinsights.com / checkout-page / 105039 Detailed table of contents Introduction Definition, by segmentResearch methodology / approachData sources Key findingsMarket dynamics Macro and microeconomic indicatorsDrivers, constraints and opportunitiesEmerging TrendsImpact of COVID-19 Short-term effectsLong-term effectsCompetitive landscape analysisSwarfare business strategies of the major players -Portalist analysisGlobal analysis -Portal analysis and Matrix, 2020 Key Face Recognition Door Lock Market Insights and Strategic Recommendations Key Players Profiles (only for 10 players) Overview Key Management Headquarters, etc. Offers / Business SegmentsKey Details (Important details are subject to availability of data in public domain and / or in paid databases) Employee sizeKey Financials Past and Current EarningsGeographic ShareBusiness Segment Share Current Developments Appendix Global Face Recognition Door Lock Market Size Estimates and Forecasts (Quantitative Data), by Segment, 2017-2028 According to application (Value) ResidentialHospitalityGovernmentOther (Critical Infrastructure etc.) By Region (Value) North AmericaSouth AmericaEuropeMiddle East & AfricaAsia Pacific (excluding China) Table of Contents Continued .. Get Your Custom Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/ Face Recognition- Door Lock Market-105039 Check Out Related Research: MVNO (Mobile Virtual Network Operator) Market Size, Share & COVID-19 Impact Analysis By Operating Model (Reseller MVNO, Service Provider MVNO and Full MVNO), By Service Type (Postpaid and P. repaid), by subscribers (business and private / private) and by regional forecast, market size for cybersecurity 2021-2028, Share & COVID-19 impact analysis, by components (solution and services), by deployment type (cloud and on-premise), by company size (small and medium-sized enterprises and large companies), by industry (BFSI, IT and telecommunications, retail, healthcare, government, manufacturing, travel and transportation, energy and utilities and others) and regional forecast, 2021-2028 A2P-SMS- Enterprise Market Size, Share & COVID-19 Impact Analysis, By Deployment (On Premises & Cloud), By Application (Pushed Content Services, Customer Relationship Management Services, Advertising & Marketing, Interactive Services, and Others), By End-users (BFSI, Retail & E-Commerce , Travel & Hospitality, Healthcare, Media & Entertainment etc) and Regional Forecast, 2021-2028 Market Size, Share and COVID-19 Impact Analysis for Big Data as a Service (BDaaS) by solution (Hadoop-as-a-Service, Data-as-a-Service and Data Analytics-as-a) -Service), by delivery model (public cloud, private cloud and hybrid cloud), according to Industries (BFSI, Retail & Ecommerce, IT & Telecom, Healthcare, Government, Manufacturing, and Others) and Regional Forecast, 2021-2028 Cloud-Based Contact Center Market Size, Share, and COVID-19 Impact Analysis, By Components (Solutions) and services), by provision (public, private and hybrid), by company size (large organizations, small and medium-sized businesses), by vertical (banking, financial services and insurance, ITES, IT and telecommunications, government, healthcare), consumer goods and retail, Travel & Hospitality) and Regional Forecast, 2020-2027 About Us: Fortune Business Insights ™ provides accurate data and innovative business analytics to help businesses of all sizes make appropriate decisions. We adapt novel solutions for our customers and support them in mastering various challenges that are different for their company. Our goal is to provide you with holistic market information and a detailed overview of the market in which you operate. Contact us: Fortune Business Insights ™ Pvt. Ltd. Ltd.308, Supreme Headquarters, Poll No. 36, Baner, Pune-Bangalore Highway, Pune-411045, Maharashtra, India. Phone: US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245 Email: sales @ Fortunebusinessinsights.com LinkedIn: https://www.linkedin.com/company/fortune-business-insights Facebook: https : //www.facebook.com/FortuneBusinessInsightsPvtLtd