Press release
Smart Lock Market 2023 Analysis & Global Opportunity Analysis Opportunities 2030 | Apple Inc., Comcast Corporation, DirecTV LLC, Dish TV, Liberty Global Plc, Netflix Inc.,
Global smart lock market is projected to demonstrate a revenue opportunity of US$ 7,169.83 and is estimated to reach US$ 13,147.7 Mn by 2031, at a CAGR of 10.4% over the forecast period, 2023-2031.
The global Smart Lock Market analysis focuses on market share and competitiveness index, which helps determine the sector's main player's contributions. Each organization is evaluated on a regular basis based on a range of factors, such as financial insights, regional engagement, market efficiency, vital data, product range, and segment contribution.
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Governmental agencies are increasing their maintenance spending for system infrastructure while also supporting programs for project creation, modernization, and improvement. ICT vendors now set aside money each year to support the expansion of the online market as a result of the investments' success.
In order to provide a deeper knowledge of the numerous aspects that validate our study findings, competitive frameworks including Porter's Five Forces analysis, a BCG matrix, as well as SWOT and PESTLE analysis, will be described in an understandable manner.
Leading Players
Alphabet Inc., Amazon Inc., Apple Inc., Comcast Corporation, DirecTV LLC, Dish TV, Liberty Global Plc, Netflix Inc., The Walt Disney Company, Warner Bros. Discovery, Inc., and among others.
It is expected that global ICT exports will rise 3.9% per year, from US$ 784.3 billion in 2021 to US$955.19 billion in 2030. Since 2009, the global supply has grown by 9.5% annually. Ireland ranked top in the world for ICT exports in 2021 with US$ 169.32 billion. China was ranked fourth, followed by the United States at number two and India at number three. Brunei has grown by 228.2% annually since 2009, whereas Sierra Leone has shrunk by 61.7% annually.
Europe ICT Revenue is projected to reach US$ 1,953,429 Million in 2026, up 1.5% yearly from US$ 1,805,413 Million in 2021. Since 2016, the European market has grown by 3.3% yearly. Germany ranked first in Europe for ICT revenue in 2021 with US$ 339,094 million. Ireland, France, and the United Kingdom held positions 2, 3, and 4, respectively, in this list. Since 2016, Malta has seen year-over-year growth of 16.5% while Italy has seen a 0.2% decline. The US, the EU, and other countries' economic sanctions and other actions against Russia have specifically had an influence on ICT.
Asia Pacific is home to a wide range of countries. Countries like Singapore, South Korea, India, Thailand, and Taiwan are particularly affected by growing import inflation as a result of the local currency's decline as net importers of energy and commodities. While the current situation has been advantageous for Australia and Indonesia, which export items like coal, oil, and gas.
Our customers may learn about the Smart Lock Market's components, including its goods and services, distribution methods, current technological advancements, and other possible applications, thanks to the market segmentation chapter.
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Segmentation Overview
By Lock Mechanism segment of the Global Smart Lock Market is sub-segmented into:
Deadbolts
Lever Handles
Padlocks
Other Locks
Knob locks
Rim/mortise locks
Rim latch locks
By Technology segment of the Global Smart Lock Market is sub-segmented into:
Keypad
Smart Card
Biometric
Wireless (includes Smartphone/ App based)
Bluetooth
Wi-Fi
Others
Z-wave
ZigBee
Thread
NFC
By Application segment of the Global Smart Lock Market is sub-segmented into:
Commercial
Retail stores and malls
Hospitality
Corporate
Healthcare
Industrial
Oil & gas
Manufacturing
Energy & power
Transportation
Logistics
Others
Residential
Condominium
Individual houses
Government Institution
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
South Korea
Japan
Australia & New Zealand
ASEAN
Malaysia
Myanmar
Philippines
Singapore
Thailand
Vietnam
Indonesia
Cambodia
Rest of ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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