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Global Smart Lock Market to reach USD 3.4 billion by 2025.
Global Smart Lock Market valued approximately USD 1.1 billion in 2016 is anticipated to grow with a healthy growth rate of more than 13.34% over the forecast period 20172025. The driving factor for Smart Lock market is the rising adoption of connected home solutions and soaring need to establish connectivity across all electronic devices and users' houses as a consequence of growing penetration of smart homes as these are the key trends uplifting the market growth and Increasing penetration of smartphones which is also fueling the demand for smart locks over the forecast period. Moreover, technological advancements are estimated to play a key role in the development of this market
The objective of the study is to define market sizes of different segments countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and subsegment of the market are explained below:
by Lock Type
by Communication Protocol
Other Protocols Zigbee, ZWave, Thread, and NFC, among others
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2015
Base year 2016
Forecast period 2017 to 2025
Some of the key manufacturers involved in the market are ASSA ABLOY Sweden, Allegion Ireland, dorma+kaba Switzerland, Spectrum Brands US, Salto Systems Spain, Onity US, Cansec Systems Canada, Master Lock US. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Smart Lock in Market Study:
Key Consulting Companies Advisors
Large, mediumsized, and small enterprises
ValueAdded Resellers VARs
Thirdparty knowledge providers
Original Article: Global Smart Lock Market Size Study Forecasts By Type Contact smart card, Contactless smart card, Hybrid and Dual interface smart card, By Components, Microprocessor, Memory smart cards by Communication Protocol Bluetooth, WiFi, Other Protocols Zigbee, ZNEXT ARTICLE
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