Share:
New York, April 27, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Europe RFID Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Access Device, End-User - https://www.reportlinker.com/p06064959/?utm source=GNW The scope of using advanced access solutions such as RFID looks is gaining high traction. The inclination toward procurement of electromechanical products over traditional locking systems has increased drastically; and is expected to continue and give various growth opportunities to the users of smart locking system. Factors such as growing hospitality sector especially hotel and tourism industry across the different parts of the world is contributing toward the construction of new commercial buildings including hotels. Growth in government funding to boost hospitality sector and plans to make hotels with larger number of rooms is directly driving the growth of the RFID locks; thereby stimulating the market grow
Global Smart Door Lock Market (2020-2026) | Latest COVID19 Impact Analysis | Know About Brand Players: ASSA ABLOY, August, Spectrum Brands, Allegion, Samsung – KSU ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.
North America RFID Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Access Device, End-User The North America RFID locks market is expected to grow from US$ 802. 93 million in 2019 to US$ 1,654. 37 million by 2027; it is estimated to grow at a CAGR of 10. 2% from 2020 to 2027. Technological innovations, strong economy, and emerging technologies facilitates development of latest & convenient solutions for the end users.
April 23, 2021 09:25 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, April 23, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report North America RFID Locks Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Access Device, End-User - https://www.reportlinker.com/p06065021/?utm source=GNW
Rising Penetration of Smartphones to Provide Growth Opportunities for RFID Locks Market
RFID Locks Market was valued at US$ 3,585.11 million in 2019 and it is projected to reach US$ 8,779.61 million by 2027; it is expected to grow at a CAGR of 12.6% from 2020 to 2027.
The global consumer electronics market is strongly driven by the significant adoption of smartphones among people of all age groups. The developing countries in APAC, the MEA, and South America are experiencing a substantial rise in number of smartphone users owing to increasing availability of low-cost smartphones.
Also, the Netherlands, Sweden, Australia, the US, Spain, Germany, the UK, and France are among the advanced economies where smartphone ownership is high owing to rising disposable income. For instance, ViAge Technology - a provider of magnetic stripe & smart card applications - offers Esmart Mobile access locks.
Global RFID Locks Market Report 2021: Integration of AI with Locking System Gaining Prominence prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.