Market Overview

Global Smart Lock Market 2018-2022


Global Smart Lock Market 2018-2022

PR Newswire

NEW YORK, August 29, 2018 /PRNewswire/ -- About Smart Lock

Smart lock is an electromechanical lock which can be controlled remotely by authorized electronic devices such as smartphones, wearables and tablets. The smart locks can be connected with a smartphone via Bluetooth, Wi-Fi and Zigbee networks. Smart locks can be integrated with new or existing traditional locks. The users can also receive alerts regarding actionable security risks or other key events.

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Technavio's analysts forecast the global smart lock market to grow at a CAGR of 14.87% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart lock market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of smart lock by various end users including residential and others.

The market is divided into the following segments based on geography:
• Americas

Technavio's report, Global Smart Lock Market 2018-2022, 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
• Allegion
• APX Group
• SALTO Systems
• Spectrum Brands

Market driver
• Easy installation of smart locks in existing door locks
• For a full, detailed list, view our report

Market challenge
• High cost of smart locks
• For a full, detailed list, view our report

Market trend
• All-in-one smart locks
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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