RFID Lock Market Technological advancements in field to Drive Growth



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


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 Additionally, the customary type of locks with the key is obsolete.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


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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Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials,
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experience helping us deliver excellence in all research projects we undertake

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