Persistence Market Research Reports Keyless Entry System Market | Página 2

North America’s Hospitality Industry Gets an Upgrade with Smartphone-enabled Entry Access Systems
Increasing living standards and the demand for a seamless end-user experience in North America has led to the
introduction of smartphone-enabled entry access systems in hotels and the entire hospitality sector. Furthermore,
high competition in the industry has led to increased adoption at a faster rate, which has offered an attractive
opportunity to vendors. For instance, OpenKey, a recently formed smartphone application startup based in the
U.S., enables guests at hotels to lock/unlock their rooms using only a smartphone application.
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Soaring Application of Biometric Access in European Government Sector Enables the Region to Secure
Second Largest Market Position
In Europe, rising adoption of biometric entry access systems is being observed in the government sector to
promote border management, provide hassle-free access to authorized individuals, and help in efficient
management of the workforce. The U.K. Government verifies fingerprints using a fingerprint biometric system
to grant access to individuals into the country, as a part of their border management process. Other than these,
the demand for remote access entry systems is also catered with the deployment of the same, in both, the
residential and hospitality sectors.
Data Analysis and Projection
Data analysis and projections were made based on proprietary research frameworks and statistical analysis,
which was further validated from industry participants. These frameworks include Y-o-Y growth projections,
macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.
For public companies we capture the data from company website, annual reports, investor presentations, paid
databases. While for privately held companies, we try to gather information from the paid databases (like
Factiva) and based on the information we gather from databases we estimate revenue for the companies. In
addition, the team tries to establish primary contact with the companies in order to validate the assumptions or
to gather quality inputs.
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Surging Demand for Bluetooth-enabled Biometric Systems Uplifts Chinese Market for Keyless Entry
Systems
Owing to the rising penetration of Bluetooth technology and burgeoning demand for remote accessibility by
end users, increasing adoption of Bluetooth-enabled keyless entry systems is being witnessed from the
residential segment in the region. Various vendors have started offering the same with an intention of
expanding their business, especially in the unorganized market. YGS, a local Chinese vendor of digital keyless
entry systems, offers a wide product portfolio for biometric-enabled entry systems in the region.
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