Germany Smart Lock Market Size, Industry Share, Growth & Forecast To 2025

Germany Smart Lock is anticipated to grow at a CAGR 10.4% during the forecast period. The reasons which will augment the growth of Germany smart lock market such as government rules & regulation and investment in public security. The need to well-developed infrastructure will support the growth of the market too in the coming future. Smart locks provide the affordable security of the premises by providing the remote access of the premise. A proper arrangement of surveillance is always required for the proper functioning of the public and private organizations.

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Country is prone to significant number of thieves and theft cases over the past five years. Theft cases have increased approximately to 2% between 2017 and 2019. Public safety & security is one of the primary reasons on which the nation focuses on be it external or internal. Along with the theft related crime, the country has also registered considerable amount of other crimes such as burglaries, sexual violence, assault, intentional homicide and others. Smart locks are tailored to provide security to the property of an individual or a group of individuals. They provide direct remote access to the owner making their access easier through portable smart devices such as mobile phones.

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Furthermore, Germany smart locks market consists of various players that are manufacturing and marketing various types of smart locks to cater to a wide range of customers from across the globe. The major key market players that are contributing in the growth of this market include Nuki Home Solutions GmbH, SOREX wireless Solutions GmbH, Dessmann Schliessanlagen GmbH, GANTNER ELECTRONIC GMBH, ASSAY ABLOY, Secutor Corp., EMKA BESCHLAGTEILE GMBH & CO. KG and Tanos GmbH.

Market Segmentation

Germany Smart Locks Market by Communication Protocol

Bluetooth
Wi-Fi
Others

Germany Smart Locks Market by Application

Residential
Government
Commercial

Germany Smart Locks Market by Type

PadLocks
Lever Handles
Deadbolts
Others

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