Smart Lock Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast by 2024

1. Smart Lock Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast by 2024 The Global Smart Lock Market is projected to reach a value of over USD 5.1 billion by 2027 at a CAGR of around 16.6%. Smart lock or electronic locks provide a way to replace keys or to add additional automation features, such as remote locking or unlocking. In other words, smart lock is an electronic and mechanical locking device that opens wirelessly with an authorized password or various gesture recognition system. Smart lock control doors from wherever you are with the help of IoT and Internet. With the use of different wireless technologies such as Bluetooth and Wi-Fi, the smart lock application and operation is fully controlled by smartphones. ASSA ABLOY, Spectrum brands Inc., and Allegion Plc will dominate the smart lock market during growth period. Get Sample Copy of This Report @ https://www.forencisresearch.com/smart-lock-market- sample-pdf/ SMART LOCK Market: Drivers & Restraint Market Driver: Rising Usage of Smartphones Growing demand for fast speed processors, high resolution displays, usage of various wireless technologies and wireless sensors, and usage of smartphone in different application will rise the smartphone market during forecast period. In 2019, there are about 3.2 Billion smartphones (about 44.8%) users are present in all over the world. In smart lock market, the smartphones can lock the smart lock as well as open the smart lock with the help of different code and wireless technology communication. As compared with traditional methodology, smartphone usage is beneficial for smart lock applications in terms of flexibility, accessibility, and security. Hence, rising usage of smartphone will drive the market during assessment period. Market Restraint: Lack of Awareness

2. In today’s world, the traditional locking system market is quite huge than smart lock market. The residential, commercial, and industrial customers are also uses traditional locking system for their applications. Source: Mul-T-Lock (An ASSA ABLOY Company) According to the survey taken by Mul-T-Lock (An ASSA ABLOY Company), most of the end users are aware of the smart lock system but due to high price and availability, they are stick with traditional locking system which will hinder the smart lock market growth during forecast period. Request Report Methodology On Competition On Global Smart Lock Market Here @ https://www.forencisresearch.com/smart-lock-market-request-methodology/ SMART LOCK Market: Key Segments Segmentation based on lock type: Padlocks, Deadbolts, Lever Handles, and Others Segmentation based on connectivity: Wi-Fi, Bluetooth, ZigBee, NFS, and Others Segmentation based on application: Residential, Industrial, and Commercial Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis. List of the leading companies operating in the Smart Lock Market include: Allegion plc (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis) ASSA ABLOY oAugust Home oYale oMul-T-Lock Spectrum Brands, Inc. oKwikset o Weiser Avent Security

3. dormakaba Group Salto Systems S.L. HANMAN INTERNATIONAL PTE LTD (SAMSUNG) Carrier Cansec Systems Ltd GANTNER Electronic GmbH Master Lock Company LLC MIWA Lock Co. AMADAS Inc. HavenLock, Inc. Anviz Global Inc. To Understand How COVID-19 Impact is Covered in This Report. Consult with an Analyst @ https://www.forencisresearch.com/smart-lock-market-consult-with-an-analyst/ Smart Lock Market by Region Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific) North America (US, Canada, Mexico) Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe) Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) South America (Brazil, Argentina, Rest of South America) Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/smart-lock-market-purchase-now/ About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual

4. institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email:info@forencisresearch.com For more market research insights, please visit https://www.forencisresearch.com