Indian Smart Lock Market Sluggish Growth Rate Foreseen by 2019-2025

The Indian Smart Lock is anticipated to grow at a CAGR 11.1% during the forecast period. Technological and healthcare services are the major source of economic growth of the country due to the large English-speaking population, which in turn, becomes a chief exporter of IT services, outsourcing services, and software workers across the globe. India is regarded as one of the fastest growing economy across the globe; therefore, it contributes a large share in the Indian smart lock market.

(Get 15% Discount on Buying this Report)

To Request a Sample of our Report on Indian Smart Lock Market: https://www.omrglobal.com/request-sample/indian-smart-lock-market

Furthermore, increasing internet penetration in India has been another major factor driving the growth of the market. According to the statistics provided by the Internet Society, in 2016, the total number of internet user was estimated to 451 million and is expected to reach 604 million by 2020. Increasing digitalization and government policies such as "Digital India" are significantly contributing in the internet penetration in the country. Digital India campaign is at full swing with several cities in India, such as Mumbai and Bangalore are significantly involved in the infrastructure development along with the augmentation of smart facilities in their homes.

The smart homes are one of the major parts of smart cities. The smart home features smart living conditions of the people in the city. Furthermore, the awareness can be created in the minds of people by the building constructors, which in turn, boost the technology and in hand, the growth of the Indian smart lock market.

Indian Smart Lock Market Segmentation

By Communication Protocol

· Bluetooth

· Wi-Fi

· Others

By Application

· Residential

· Government

· Commercial

By Type

· PadLocks

· Lever Handles

· Deadbolts

· Others

A full Report of Indian Smart Lock Market is Available @ https://www.omrglobal.com/industry-reports/indian-smart-lock-market

Company Profiles

· Assay Abloy AB

· August Home

· Be-Tech Asia LTD.

· odrej

· Kwikset

· Oakter

· Panasonic Corp.

· SAMSUNG ELECTRONICS CO.LTD

· Schlage

· Shenzhen Vians Electric Lock Co., Ltd.

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.