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Jeet Jain

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Smart Lock Industry: 2018-2023 Global Market Forecasts and Analysis Report adds “2018-2023 Global and Regional Smart Lock Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report”new report to its research database.

Market Research Nest, 3/13/2018 - Description:-

HNY Research projects that the Smart Lock market size will grow from USD 1.24 Billion in 2017 to USD 2.61 Billion by 2023, at an estimated CAGR of 13.26%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

Rising adoption of smartphones and other connected devices acts as a driver for the growth of the smart lock market. Moreover, growing security and safety concerns and enhanced features compared with traditional lock systems also drive the growth of this market.The smart lock market for Wi-Fi is expected to grow at the highest CAGR during the forecast period. Wi-Fi can be accessed through various devices, such as smartphones, personal computers, and tablets. The growth of the market for Wi-Fi can be attributed to the factors such as high speed and wireless connectivity offered to smart lock system. Also, the increasing adoption of IoT, globally, is driving the growth of this market.

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By Market Players:

ASSA ABLOY AB , Allegion Plc  , Dorma+Kaba Holding AG , Spectrum Brands Holdings, Inc. , Salto Systems S.L. , Onity, Inc. , Cansec Systems Ltd. , Gantner Electronic GmbH , Master Lock Company LLC , MIWA Lock Co. , ,

By Lock Type

Deadbolt , Lever Handles , Padlocks , Other Locks,

By Communication Protocol

Wi-Fi , Bluetooth , Others , ,

By Vertical

Commercial , Residential , Institution and Government , Industrial ,

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Key Reasons to Purchase:-

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

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