Electronic Cylinder Lock Credentials Market to Reach an Estimated Value of US$ 803.2 Mn in 2025
A recent market report published by Persistence Market Research titled “Electronic Cylinder Lock Credentials Market: Global Industry Analysis 2014 – 2016 and Forecast 2017 – 2025,” presents detailed insights and a revised forecast of the global Electronic Cylinder Lock Credentials Market. According to the report, the global market was valued at US$ 380.2 Mn in 2017, and is expected to register a CAGR of 9.8% from 2017 to 2025. As per the assessment of Persistence Market Research, requirement for enhanced security in residential sector and robust growth of construction and real estate sectors are major factors driving growth of the global electronic cylinder lock credentials market. Builders of luxury housing projects use home security solution features as one of the major unique selling points for attracting affluent customer segments. Smart security and automation has become an important decision-making factor for purchasing any house or property by consumers. Builders also emphasi...