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 Global Smart Lock Market
Posted on : Wednesday, 13 November, 2019  10:49
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Global Smart Lock Market is expected to reach USD 2,895.60 Million by 2024 from USD 1,568.40 Million in 2017 at a CAGR of 9.6% (Detailed analysis of the market CAGR is provided in the report).
Global Smart Lock Market
The locking technology consisting of locks that can be operated with the help of unconventional means such as remote control and provide the user with alerts and tracking data about who entered or left the locked premise are called as smart locks.

Global Smart Lock Market is majorly segmented by type, communication proto-call, and industry vertical. By lock type, the market is segmented as Deadbolts, Lever Handles, Padlocks, and Other Locks. The market is segmented by communication proto-call, which includes Bluetooth, Wi-Fi, and Other Protocols. Under this, Bluetooth is expected to hold highest market share in the forecast period due to the ability of this protocol to maintain a balance between range, low power consumption, reliability, bandwidth, and cost. The Smart Lock is applicable in different verticals, including Commercial, Residential, Institution & Government, and Industrial.

Geographically, the Smart Lock Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be the largest market for Smart Lock market during the forecast period due to the increasing demand for enhanced home security levels and the growing popularity of integration of smart devices, such as tablets and smartphones, with smart locks in this region. Asia-Pacific is projected to be the fastest growing market for smart locks.

The years that have been considered for the study are:
• Base year – 2017
• Estimated year – 2018
• Forecast period – 2018 to 2024

Key Highlights:
• Global Smart Lock Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the global Smart Lock Market.
• Global Smart Lock Market segmentation is on the basis of type, communication proto-call, industry vertical and geography (country-wise) has been provided.
• Global Smart Lock Market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Smart Lock Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the global Smart Lock Market are also profiled.


  
  
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