Market Overview:
The global password lock market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for advanced security systems across various applications, such as door, safes, and others. In addition, the growing awareness about safety and security among consumers is also contributing to the growth of this market. The global password lock market can be segmented on the basis of type into touch screen and button screen locks. The touch screen segment is expected to grow at a higher CAGR during the forecast period owing to its features such as ease of use and enhanced security. On the basis of application, the global password lock market can be divided into door locks, safes locks, and others (including locker rooms).
Product Definition:
A password lock is a feature that can be used to protect your computer or mobile device by requiring you to enter a password before you can access it. The importance of a password lock is that it helps keep your data safe and secure from unauthorized access.
Touch Screen:
Touch screen is a type of user interface which consists of an electronic visual display that allows the users to interact with the device. Touch screens are widely used in computers, laptops, tablets, smartphones and other consumer electronics. The touch screen market has witnessed significant growth over the past few years owing to its increasing demand in mobile phones & PDA’s and growing popularity across various segments such as business & education and home appliances.
Button Screen:
Button screen is a security feature in mobile phones that prevents children from accessing the phonebook and calls list. The technology works on the basis of blocking out numbers when a specific set of buttons are pressed. These features are mostly used by parents to restrict their kids from calling particular people or viewing certain websites.
The global password lock market size was valued at USD 4,15 billion in 2016.
Application Insights:
The door application segment accounted for the largest revenue share in 2017 and is projected to expand at a steady CAGR from 2018 to 2030. The increasing use of multi-factor authentication techniques, such as one-time passcodes and hardware security modules, is expected to drive the demand for DPLLs over the forecast period.
The other applications segment includes banking & financial institutions, government buildings/agencies, corporate offices and healthcare facilities among others. Increasing awareness about data breaches has led various organizations across the globe including banks, hospitals and corporate offices to adopt DPLLs solutions as an effective method of safeguarding assets against cyberattacks or theft.
Regional Analysis:
North America dominated the global password lock market in 2017. The growth can be attributed to various factors such as high disposable income, increasing crime rate, and growing adoption of biometric security systems. Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising demand for biometric security devices from countries like India and China. Increasing investments by governments in order to improve public safety is also expected drive regional product demand over the next eight years.
Growth Factors:
- Increasing demand for password lock software from small and medium businesses (SMBs) due to the increasing number of cyber-attacks on these businesses.
- The growing trend of Bring Your Own Device (BYOD) in organizations, which is leading to an increase in the use of passwords for authentication purposes.
- The increasing demand for cloud-based password lock solutions due to their ease of deployment and scalability.
- The rising popularity of biometric-based authentication methods, which is leading organizations to adopt password lock software that supports such authentication methods.
- The growing need for data security among individuals and organizations, which is driving the adoption of password lock software
Scope Of The Report
Report Attributes
Report Details
Report Title
Password Lock Market Research Report
By Type
Touch Screen, Button Screen
By Application
Door, Safes, Others
By Companies
TONYON, Master Lock, Yale, Tri-circle, Zhongli, Blossom Lock, Jasit, WT, YUEMA, Rarlux Lock, Skygood, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Password Lock Market Report Segments:
The global Password Lock market is segmented on the basis of:
Types
Touch Screen, Button Screen
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Door, Safes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TONYON
- Master Lock
- Yale
- Tri-circle
- Zhongli
- Blossom Lock
- Jasit
- WT
- YUEMA
- Rarlux Lock
- Skygood
- Panasonic
Highlights of The Password Lock Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Touch Screen
- Button Screen
- By Application:
- Door
- Safes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Password Lock Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Password Lock is a feature that helps protect your account by requiring a password to log in.
Some of the key players operating in the password lock market are TONYON, Master Lock, Yale, Tri-circle, Zhongli, Blossom Lock, Jasit, WT, YUEMA, Rarlux Lock, Skygood, Panasonic.
The password lock market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Password Lock Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Password Lock Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Password Lock Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Password Lock Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Password Lock Market Size & Forecast, 2018-2028
4.5.1 Password Lock Market Size and Y-o-Y Growth
4.5.2 Password Lock Market Absolute $ Opportunity
Chapter 5 Global Password Lock Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Password Lock Market Size Forecast by Type
5.2.1 Touch Screen
5.2.2 Button Screen
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Password Lock Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Password Lock Market Size Forecast by Applications
6.2.1 Door
6.2.2 Safes
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Password Lock Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Password Lock Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Password Lock Analysis and Forecast
9.1 Introduction
9.2 North America Password Lock Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Password Lock Market Size Forecast by Type
9.6.1 Touch Screen
9.6.2 Button Screen
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Password Lock Market Size Forecast by Applications
9.10.1 Door
9.10.2 Safes
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Password Lock Analysis and Forecast
10.1 Introduction
10.2 Europe Password Lock Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Password Lock Market Size Forecast by Type
10.6.1 Touch Screen
10.6.2 Button Screen
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Password Lock Market Size Forecast by Applications
10.10.1 Door
10.10.2 Safes
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Password Lock Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Password Lock Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Password Lock Market Size Forecast by Type
11.6.1 Touch Screen
11.6.2 Button Screen
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Password Lock Market Size Forecast by Applications
11.10.1 Door
11.10.2 Safes
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Password Lock Analysis and Forecast
12.1 Introduction
12.2 Latin America Password Lock Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Password Lock Market Size Forecast by Type
12.6.1 Touch Screen
12.6.2 Button Screen
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Password Lock Market Size Forecast by Applications
12.10.1 Door
12.10.2 Safes
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Password Lock Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Password Lock Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Password Lock Market Size Forecast by Type
13.6.1 Touch Screen
13.6.2 Button Screen
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Password Lock Market Size Forecast by Applications
13.10.1 Door
13.10.2 Safes
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Password Lock Market: Competitive Dashboard
14.2 Global Password Lock Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TONYON
14.3.2 Master Lock
14.3.3 Yale
14.3.4 Tri-circle
14.3.5 Zhongli
14.3.6 Blossom Lock
14.3.7 Jasit
14.3.8 WT
14.3.9 YUEMA
14.3.10 Rarlux Lock
14.3.11 Skygood
14.3.12 Panasonic
