Electronic Cylinder Lock Market to Witness Exponential Growth by 2018-2025 Beefing up personal security, especially at home and other residential spaces is a global concern, which has signified the use of advanced locking systems.
BriefingWire.com, 5/07/2021 - Beefing up personal security, especially at home and other residential spaces is a global concern, which has signified the use of advanced locking systems. Electronic cylinder lock credentials are among the most sophisticated and hard-to-breach type of security systems, and are gradually gaining prominence globally. By the end of 2025, the global market for electronic cylinder lock credentials is expected to register substantial growth and reach US$ Mn revenue at a y-o-y growth of over 2018. Furthermore, the growing adoption of RFID key cards will continue to drive the demand for electronic cylinder lock credentials in hotels, MNCs and other commercial settings.