Press release
Evolving Industry Trends : Global Smart Lock Market To Grow At a CAGR Of 75.26% by 2020
A smart home consists of an internal network, home automation, and intelligent control. Typically, a smart home will be equipped with digital devices, home appliances, and equipment that are interconnected with each other and can be remotely accessed by users through smartphones or tablets from any location.
A smart lock is an integral part of the smart home. We expect increased demand for security solutions such as intruder alarms and electronic (smart) locks as cases of burglary and robbery rise worldwide. Security solutions are also being installed in commercial buildings, though at a minimal rate.
Technavios analysts forecast the global smart lock market to grow at a CAGR of 75.26% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global smart lock market for 2016-2020. To calculate market size, the report takes into account the revenue generated by various types of smart locks in different geographies across the world.
The market is divided into the following segments based on types of locks:
Bluetooth-based smart lock
Wi-Fi-based smart lock
Technavio's report, Global Smart lock Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
August
Goji
Haven
UniKey
Yale
Other prominent vendors
Aventsecurity
Cansec System
Kwikset
Mul-T-Lock
Okidokeys
Schlage
SDS
SentriLock
Smart Locking Logic
Weiser Lock
Market driver
Market for smart homes
For a full, detailed list, view our report
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Market challenge
Security concerns
For a full, detailed list, view our report
Market trend
Demand for smartphones and tablets
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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