In this Research Note, we examine Allegion’s progress in the digital transformation of its access control business in 2024, before assessing its strategic direction in recent years. Our research is based on Allegion’s 2024 full-year results, 18th February 2025, and acquisitions, strategic partnerships, and investment activity since 2020. We previously mapped their strategic direction in 2022, and covered the global market for Access Control systems. Allegion Profile Allegion, a US public company, headquartered in Ireland is the standalone business formed in 2013 from the former commercial and residential security businesses of Ingersoll Rand. The group predominantly focuses on mechanical security products and systems, which are currently undergoing digital transformation in their core access control, door, and locking systems businesses. Allegion reports approximately 12,400 employees worldwide. Electronic Security Revenue Mix Electronic security products and access control systems accounted for 25% of Allegion’s $3.77 billion revenues in 2024, with a further 7% of revenues related to services […]