Smart Lock Market is estimated to grow at a CAGR of ~11% over the forecast period

Pune, India, Nov 21, 2017, /MRFR Press Release/- Market Research Future published a half cooked research report on Global Smart Lock Market.

Market Highlights

The study reveals that North America region dominates the smart lock market. Innovation in technology and biometric smart lock technologies with fingerprint technology for smart homes are boosting the demand for smart locks in the market. These locks are embedded with sensors that are used for security purposes. There are a number of smart lock screen security options in the market with different operating system such as android, windows and others.

The North America region is experiencing higher demand from various sectors such as commercial, residential, institution & government, industrial and others. The prominent companies such as Spectrum Brands Holdings, Inc. (U.S), Onity Inc. (U.S.), Master Lock (U.S.), August, Inc. (U.S.), Kwikset (U.S.), are providing smart lock solutions to safety systems. The advanced RFID technology is integrated with fingerprint sensor or even face detection sensors are boosting the smart lock market growth and is estimated to grow rapidly with a huge demand in the market. These RFID based smart locks are integrated with a small chip and induction loop in which the transmitter on the keycard reader can be access and controlled.

The global smart lock market is expected to reach USD ~ 2 billion at a CAGR of over 11% by the end of the forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Smart lock Market Research Report -Forecast to 2023”.

Access Report Details @ https://www.marketresearchfuture.com/reports/smart-lock-market-4803  

Global Smart lock Market Segmentation

The global smart lock market is segmented into lock type, products type, communication protocol, end users, and region. The locks type is segmented into deadbolt, lever handles, padlocks and others. The products type are segmented into Bluetooth-based smart lock, Wi-Fi-based smart lock and others. The communication protocol are segmented Bluetooth, WI -Fi, ZigBee, Z-Wave, Thread, NFC, and others. The end users are segmented into commercial, residential, institution & government, industrial and others. The region includes North America, Europe, Asia Pacific, and rest of the world.

The prominent players in the global smart lock market: The Assa Abloy Group (Sweden), Allegion Plc. (Ireland), Dormakaba Holding AG (Switzerland), Spectrum Brands Holdings, Inc. (U.S.), Salto Systems S.L. (Spain), Onity Inc. (U.S.), Cansec Systems Ltd. (Canada), Master Lock (U.S.), August, Inc. (U.S.), Kwikset (U.S.), Haven Holidays (U.K), and among others..

Market Research Analysis:

The global smart lock market is studied on the basis of four regions: the Americas, Europe, Asia Pacific, and Rest of world. North America region is dominating the global smart lock market. The smart lock market is witnessing a high growth due to huge demand due to use of Bluetooth, WI -Fi, ZigBee, Z-Wave, Thread, NFC, and others. Europe is projected to hold the second largest share of smart lock market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.

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