Press release
Global Electronic Locks Market Reviewed in New Report
The scope of the electronic locks market has considerably expanded as parking lots, gyms, metro platforms, shopping malls, and other organizations need to keep track of customer footfalls for the sake of security. The deployment process has slowly but surely become easier and the need for security has increased substantially. This has made the general population abandon traditional locks in favor of electronic locks.Request Sample Copy of the Report @ https://www.mrrse.com/sample/3163
Immense growth of smart homes and gadgets, particularly in North America is a major growth booster
There has been massive demand for smart applications and homes in the last five years in North America that is driven by the pervasive use of smartphones and other smart devices. Residential security is a critical concern of people who were early adopters of smart home technology. Smart home applications include sensors, cameras, electronic locks and security alarms, and cameras with advanced features such as fire alarms, power management devices, climate control, and self-powered lights. People are opting for smart home applications that have advanced security features built-in to improve their quality of living. All these factors are anticipated to boost the electronic locks market.
The U.S dominates the North America electronic locks market
North America accounts for a lion’s share of the global electronic locks market with the U.S being the largest market within the continent. Revenue from the U.S electronic locks market was just under US$ 275 Mn in 2016, and this should rise to approximately US$ 305 Mn in 2017 and about US$ 766 Mn by the end of the forecast period largely due to a high CAGR of 12.2% estimated to be recorded during 2017 – 2025. An incremental dollar opportunity of roughly US$ 460 Mn can be exploited in the U.S electronic locks market between 2017 and 2025.
To Know More About Electronic Locks Market, Click on the link: https://www.mrrse.com/electronics-locks-market-report
High crime rate in North America to benefit the electronic locks market
As per the U.S Department of Justice, almost 8.7 million property crime offenses were recorded in the country in 2013 alone. According to the FBI, property crime offenses led to losses of nearly US$ 25 Mn that year. That is why there is a need for foolproof door security options such as mobile operated and electronic cylinder door locks along with other options such as electronic alarm sensors and CCTV cameras placed in residential premises. The impact of this trend is predicted to be quite substantial on the electronic locks market.
Wireless segment by Interconnectivity represents a potential goldmine in the North America electronic locks market
While the revenue of the wireless segment in the North America electronic locks market is currently lower than that of the wired segment, it is anticipated to grow at a substantially higher CAGR of 15% during the forecast period. This is poised to make the wireless segment market worth just over US$ 325 Mn by the end of 2025 from slightly under US$ 108 Mn in 2017. The wireless segment alone could have an incremental dollar opportunity of almost US$ 220 Mn during the study period.
About MRRSE
Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States
Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Electronic Locks Market Reviewed in New Report here
News-ID: 999816 • Views: …
More Releases from MRRSE.com

Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas …
MRRSE has recently published a report that explores the market for automotive microcontrollers at a global scale, and covers the market dynamics exhaustively, providing major trends impacting the market growth. This report on global market for automotive microcontrollers provides a detailed knowledge base for players who seek expansion of their presence globally. Insights offered in this report is instrumental for market players and investors, for gauging potential of the bubble…

Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil …
MRRSE provides the forecast and in-depth on the global commercial refrigeration equipment market for the forecast period 2017-2026. The report also analyzes the market in terms of market volume and value and offers information on the market dynamics, competitors, current market scenario, and future market growth. Year-on-year growth and important factors supporting the decision-making process is also offered in the report on the global market for commercial refrigeration equipment.
Get Report…

Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Thr …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
The report comprises a detailed value chain analysis, which provides a comprehensive view…

Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer …
A recent market study published by company – “Frontotemporal Disorders Treatment Market Assessment & Opportunity Analysis Recorded for 2018 – 2028” – consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the frontotemporal disorders treatment market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors…
More Releases for MRRSE
Global Market Study on Enterprise Governance, Risk and Compliance (EGRC)-MRRSE
Enterprise governance, risk and compliance (EGRC) being a multifaceted and innovative approach to risk management, corporate governance and compliance issues has a direct impact on business objectives. Market Research Reports Search Engine (MRRSE) has recently publicized the addition of a new research report to its vast online repository with a title “Enterprise Governance, Risk and Compliance (EGRC) Market: Global Industry Analysis and Forecast, 2016-2024”. This report on global enterprise governance, risk and…
Latest Research Reports - MRRSE
The rising usage of vetiver oil in aromatherapy, due to its popularity as precious therapeutic oil in eastern countries on account of its safe, convenient and customary application is a major factor behind the increasing production for vetiver oil. A market research report titled as “Haitian Vetiver Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” has been recently added to the vast online…
Industry Research Reports - MRRSE
This Future Market Insights report examines the ‘High Content Screening (HCS) Market for the period 2015–2025. New product launches are resulting in product assortment and thus, increased installation of High Content Screening (HCS) instruments. This is expected to bolster growth of the High Content Screening (HCS) market over the next five to six years. Furthermore, increasing government support for research and development for drug discovery processes across the globe is…
Business Research Reports - MRRSE
Albany, New York, March 30, 2017: Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled Global Market Study on Natural and Organic Flavors: Rising Health Consciousness among Consumers Expected to Boost Market Growth. This Persistence Market Research (PMR) report analyzes the Natural and Organic Flavors Market at the global as well as regional levels. This study provides data for 2015 along with that for the…
Global Steam Autoclave Market Boosted by Growing Cases of Nosocomial Infections: …
Albany, New York, October 2016: Market Research Reports Search Engine (MRRSE.com) has added a new report to its ever-expanding database on the global industries of medical devices. The latest addition, titled Steam Autoclave Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” is an updated report that discusses the various possibilities where players in this market can utilize to gain a stronger foothold in it.…
Wearable Technology Market Outlook, Competitive analysis, Industry Trends: MRRSE
This report covers the global wearable technology market size and forecast from 2012 to 2018 along with their application in different end-use segments such as wellness and fitness, healthcare and medical, infotainment, industrial and military. The performance of wearable technology applications across different geographical regions namely, North America, Europe, Asia and RoW (Rest of the World) has also been covered in this report.
Browse the full Global Wearable Technology Market…