Biometric Tech Comprised 67 Percent of Digital Door Lock Market Last Year: TMR

Biometric technology is increasingly standard fare in digital door lock systems, suggests a new publication by Transparency Market Research.

Biometric Tech Comprised 67 Percent of Digital Door Lock Market Last Year: TMRThe firm has released a new report looking at the overall ‘Digital Door Lock Systems Market’, in which it asserts that biometric door lock systems accounted for 67 percent of the market last year. In 2025, such technology will account for 73 percent of the market, TMR predicts.

That trend will coincide with strong overall growth in the digital door lock market, which will rise from a value of $1.16 billion last year to a little over $15 billion by the end of 2025, with the enterprise and residential sectors driving demand.

There are some obstacles, of course: In a report synopsis, TMR says a key concern is “low IT literacy hampering large-scale acceptance across certain regional markets”. But with large-scale government deployments of biometric technology on the rise while consumer electronics with embedded biometric sensors continue to proliferate, familiarity with such technology should be less and less of an issue going forward for that growing chunk of the digital door lock market.

May 23, 2017 – by Alex Perala