Smart Lock Market size was valued at USD 1.2 billion in 2019 and is expected to register a CAGR of 18% from 2020 to 2027.
The emergence of the Internet of Things and the implementation of advanced technologies are the driving force behind the growth of the smart lock market. Advanced technologies such as near field communication, Bluetooth, ZigBee and more help you sync with your smart lock at any time. As the demand for cloud services increases, so does the market growth. With these cloud services, wireless cloud-based smart lock technology is widely used by companies of all sizes.
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The following manufacturers are covered in this report:
- August
- Honeywell
- Jiangmen Keyu Intelligence
- Tenon
- Locstar
- Probuck
- Guangdong Level Intelligent Lock
Smart Lock Breakdown Data by Type
- Fingerprint Locks
- Electronic Cipher Locks
- Remote Locks
- Others
Smart Lock Breakdown Data by Application
- Household
- Commercial
- Others
A full report of Global Smart Lock Market is available at: https://www.orionmarketreports.com/smart-lock-market/24199/
Scope of the Report
The research study analyzes the global Smart Lock industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Lock Market Report
1. What was the Smart Lock Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Smart Lock Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Smart Lock Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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