Description
The
goal of this report is to characterize, portray, and estimate the market on the
premise of sort, application, therapeutic condition, and area. It gives
point-by-point data with respect to the main considerations influencing the
development of the market. This report likewise tracks and examines aggressive
improvements of the key players regarding market advancements, item portfolios,
and financials
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RFID
technologies are gaining attention from multiple sectors, especially
hospitality, where property owners are harnessing the technology in providing
enhanced customer experience
The
hospitality industry depends on customer solace to manufacture mark
steadfastness Thus, property proprietors are progressively putting resources
into improving the feel of their property. Entryway locks are the principal
thing in the inn rooms a purchaser cooperates with. Additionally, the customary
type of locks with the key is obsolete. The appearance of electronic locks with
advancements like biometric, radio-recurrence incorporated circuit (RFIC), and
keypad give bother free access to shoppers and furthermore upgrade security and
wellbeing. The idea of RFID-based electronic locks are fundamentally the same
as customary locks and it utilizes a card or key dandy to open an entryway. The
innovation discovers application in different extravagance lofts, government
workplaces, private properties, and in the mechanical space
Technavio's
analysts forecast the global RFID lock market to grow at a CAGR of 16.71%
during the period 2016-2020
Covered in this report
The
report covers the present scenario and the growth prospects of the global RFID
lock market for 2016-2020. To calculate the market size, the report considers
the revenue generated from the sales of RFID locks.
The market is divided into the following
segments based on geography:
•
North America
•
APAC
•
Europe
•
ROW
Technavio's
report, Global RFID Locks Market 2016-2020, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers
the market landscape and its growth prospects over the coming years. The report
also includes a discussion of the key vendors operating in this market.
Key vendors
•
ASSA ABLOY Hospitality
•
Dormakaba
•
MIWA Lock
•
Samsung
Other prominent vendors
•
Allegion
•
Godrej Locking Solutions and Systems
•
Hettich Hettlock
•
LockState
•
Onity (by United Technologies)
•
SALTO Systems
Market driver
•
Increasing demand for access control systems with near field communication
(NFC) technology
•
For a full, detailed list, view our report
Market challenge
•
Threat of substitutes such as biometric and smart card
•
For a full, detailed list, view our report
Market trend
•
Growing demand for RFID-based furniture locks
•
For a full, detailed list, view our report
Key questions answered in this report
•
What will the market size be in 2020 and what will the growth rate be?
•
What are the key market trends?
•
What is driving this market?
•
What are the challenges to market growth?
•
Who are the key vendors in this market space?
•
What are the market opportunities and threats faced by the key vendors?
•
What are the strengths and weaknesses of the key vendors?
Table of Contents
PART
01: Executive summary
•
Highlights
PART
02: Scope of the report
•
Market overview
•
Vendor segmentation
•
Top-vendor offerings
PART
03: Market research methodology
•
Research methodology
•
Economic indicators
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This
report is a total investigation of ebb and flow inclines in the market,
business development drivers, and restrictions. It gives showcase projections
to the coming years. It incorporates investigation of late advancements in
innovation, Doorman's five power demonstrate examination and point by point
profiles of best industry players. The report additionally incorporates a
survey of miniaturized scale and large-scale factors fundamental for the
current market players and new participants alongside nitty gritty esteem chain
examination
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