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Smart Locks Market, By Product Type (Deadbolt and Lever/Knob), by Unlocking Mechanism( Keypad, Touch Screen, App Based a

Smart Locks Market, By Product Type (Deadbolt and Lever/Knob), by Unlocking Mechanism( Keypad, Touch Screen, App Based and Hybrid/Integrated) , by Application(Government, Commercial, Industrial and Residential) and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>

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Smart Locks Market, By Product Type (Deadbolt and Lever/Knob), by Unlocking Mechanism( Keypad, Touch Screen, App Based a

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com COVID-19 Impact Tracker

  2. SMART LOCKS MARKET ANALYSIS Smart Locks Market, By Product Type (Deadbolt and Lever/Knob), by Unlocking Mechanism( Keypad, Touch Screen, App Based and Hybrid/Integrated) , by Application(Government, Commercial, Industrial and Residential) and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Market Overview The global smart locks market was valued for US$ 434.4Mn in 2019 is expected to exhibit a CAGR of 18.8% during the forecast period. Market Drivers • Growing adoption of smart home technologies is expected to drive growth of the global smart locks market during the forecast period • Technological advancements making mobile communication cost-effective are expected to propel the global smart locks market growth over the forecast period

  4. Figure 1. Market Share

  5. Market Dynamics-Restraints • Concerns regarding system compromise and a threat from hacking are expected to restrain growth of the global smart locks market over the forecast period • Low awareness among customers is expected to hinder the global smart locks market growth over the forecast period

  6. Market Opportunities • High adoption of smart locks in commercial sectors can provide lucrative growth opportunities • Growing adoption of IoT-based security systems is expected to present excellent business opportunities

  7. Figure 2. Market – Opportunity Analysis

  8. Market Trends • Growing popularity of smart home-as-a-service and home automation • Advent of novel technologies • Segment Information: • In global smart locks market, by product type segment, deadbolt sub-segment dominated the global market in 2019, accounting for 63.5% share in terms of value.

  9. Figure 3. Market Segmentation

  10. Competitive Section Key players operating in the global smart locks market are Apigy Inc. (Lockitron), Schlage, Kwikset, Honeywell International Inc., Havenlock Inc., Panasonic Corporation, Samsung SDS Co., Ltd, Vivint, Inc., August Home Inc., and AssaAbloy Group.

  11. Request Sample Report • Download PDF Brochure • Request Customization • Talk to Analyst BUY NOW For Your Reference: https://www.coherentmarketinsights.com/press-release/smart-locks-market-2909

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  13. Contact Us Mr. Shah Coherent Market Insights Private Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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