The global smart lock market is projected to reach usd 3.71 billion by 2025, growing at a cagr of 13.25% from 2017 to 2025 top key players are allegion plc , gantner electronic gmbh , assa abloy ab , amadas inc., samsung electronics co., ltd., cansec syst

The Global Smart Lock Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 3.71 billion by 2025, growing at a CAGR of 13.25% from 2017 to 2025. A smart lock is an electromechanical lock which is designed to perform locking and unlocking operations on a door when it receives such instructions from an authorized device using a wireless protocol and a cryptographic key to execute the authorization process. Smart locks are able to grant or deny access remotely via a mobile app. Benefits of using a smart lock includes – increased convenience, improved security, increased connectivity, no more passive security, and some smart locks can have security camera installations.

Request For Free Sample- https://www.kennethresearch.com/sample-request-10059695

Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising adoption of IoT-based security systems
1.2 Increasing urban infrastructure in developing countries
1.3 Growing adoption of smartphones and other connected devices
1.4 Advanced features compared with traditional lock systems
1.5 Increasing security and safety concerns
2. Market Restraints
2.1 Cyber attack treats through smart devices
2.2 Costly solutions
2.3 Poor awareness among customers

Market Segmentation:
The Global Smart Lock Market is segmented on the communication protocol, lock type, vertical, and region.

1. Communication Protocol:
1.1 Zigbee
1.2 Bluetooth
1.3 Wi-Fi
1.4 Z-Wave
1.5 Thread
1.6 NFC

2. By Lock Type:
2.1 Padlocks
2.2 Lever Handles
2.3 Deadbolts
2.4 Knob locks

Buy Now- https://www.kennethresearch.com/report-purchase-id-10059695

3. By Vertical:
3.1 Institution & Government
3.2 Commercial
3.3 Industrial Others
3.4 Residential
3.5 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Allegion Plc
2. Gantner Electronic GmbH
3. ASSA ABLOY AB
4. Amadas Inc.
5. Samsung Electronics Co., Ltd.
6. Cansec Systems Ltd.
7. Dorma+Kaba Holding AG
8. MIWA Lock Co.
9. Dessmann
10. Spectrum Brands Holdings, Inc.
11. Haven Lock, Inc.
12. Master Lock Company LLC
13. Shenzhen Vians Electric Lock Co.,Ltd.
14. Salto Systems S.L.
15. Onity, Inc.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Read More- https://www.kennethresearch.com/report-details/global-smart-lock-market/10059695

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.