According to a new market research report published by Credence Research “Smart Locks Market(Product Type – Lever Handles, Deadbolts, Padlocks and Others; Application – Residential, Commercial, Hospitality, Industrial and Others) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025”, the global smart locks market is estimated to hit US$ 3.50 Bn by 2025.
Security is one of the most crucial concerns faced by the consumers willing to invest in home automation systems. This makes smart locks one of the most prominent aspects of home automation, thereby creating multiple market growth opportunities. Superior benefits offered by smart locks over conventional locks has contributed greatly to the potential of their adoption across residential as well as commercial applications. Smart locks can be programmed to offer several features including integration with video surveillance, smartphones and security alarms. This ensures optimum convenience to the users along with enhanced security. These advantages are estimated to ensure promising opportunities for smart lock vendors in the following years.
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The qualitative study of drivers and limitations of Smart Locks Market
Cansec Systems Ltd
Dormakaba Holding AG
Assa Abloy AB
Spectrum Brands, Inc.
Master Lock Company LLC
Salto Systems S.L.
MIWA Lock Co., Ltd.
UniKey Technologies, Inc.
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Gain up to date report and analysis about the global Smart Locks Market
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Research methodology and delivery time
Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as the single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available.
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