A smart lock is an electromechanical device that has an inbuilt Wi-Fi or Bluetooth and allows users to unlock their device remotely. They have enhanced security features and tons of customizations. It allows us to monitor our device at all times. It gives us customised entry and exit options through fingerprint, face unlock, through our smart phones or even gestures.
Implementation of complex technologies to introduce innovative locking and unlocking mechanisms, rise of IoT, growing demand of services and growing adoption of smart and connected devices are the driving factors for the growth of global smart lock market. High initial cost of device and concerns about privacy invasion are the restraining factors for the growth of global smart lock market.
The smart lock market is expected to reach USD 3.75 billion by 2027 witnessing market growth at a rate of 13.46% in the forecast period of 2020 to 2027. Data Bridge Market Research report on smart lock market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The research and analysis conducted in Smart Lock Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Hub Motor industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Hub Motor Market report is provided that covers many work areas.
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Segmentation : Global Smart Lock Market
- On the basis of type, the smart lock market has been segmented as deadbolt, lever handles, padlock and others.
- On the basis of communication protocol, the smart lock market has been segmented as bluetooth, wi-fi and others. Others have been further segmented into Z-wave, ZigBee, thread and NFC.
- Smart lock market has also been segmented on the basis of application into commercial, residential, industrial, government institution and others. Commercial has been further segmented into retail stores and malls, hospitality, corporate and healthcare. Residential has been further segmented into condominium and individual houses. Industrial has been further segmented into oil & gas, manufacturing, energy & power, transportation & logistics and others.
Major Market Competitors/Players
The major players covered in the smart lock market report are 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., Samsung Electronics Co., Ltd., SentriLock, LLC, Avent Security, ADEL Group, Dessmann, Haven Lock, Inc., Gate, Shenzhen Vians Electric Lock Co., Ltd., Anviz Global, Poly-Control International ApS, August Home (US), CANDY HOUSE, Inc., Dahua Technology Co., Ltd, Amadas Inc. and LockState among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request FREE TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-lock-market
Smart Lock market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Smart Lock market.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Major Highlights of Smart Lock Market in Covid-19 pandemic covered in report:
The report provides impact of COVID-19 on Smart Lock market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the Smart Lock market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in Smart Lock market.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: COMPETITIVE LANDSCAPE
PART 17: COMPANY PROFILES
PART 18: APPENDIX
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