FMI: Smart Locks Market Value Share, Supply Demand, share and Value Chain 2015-2025

1. Global Smart Locks Market Share, Global Trends, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2015 – 2025 www.futuremarketinsights.com Future Market Insights sales@futuremarketinsights.com

2. Report Description Report Description A number of emerging devices have attributed to the upsurge of global smart homes over the last few years. Smart locks is expected to be one of the utmost promising offering among all the devices over the succeeding years. Smart locks is not a completely novel industry. There has been efforts to revolutionize the traditional locks and key with numerical keypad locks. In smart locks, instead of accessing the lock with you keys, you can control access to the lock using a phone, wireless key fob or even distantly over the internet. Most of the smart locks are simple and are at-home installable devices that can fit over the thumb turn of a deadbolt contained on the inside portion of the door. The smart locks cost approximate US$ 170 to US$ 260 and is still considered a luxury device for an average residential customer. Smart Locks Market: Drivers & Restraints The key drivers driving the growth of global smart locks are increased popularity of smart home services coupled with smartphone penetration, which is expected to reach saturation points in the next two to three years. Moreover, declining costs of ubiquitous mobile broadband and cloud infrastructure have also aided in allowing users to easily remotely monitor and control any device, be it a smart lock or a smart thermostat. Some of the other factors driving the growth of global smart lock includes its various advantages such as allowing users to grant others access to their locks directly from their phones, convenience of being able to walk up to a door and have it automatically unlock without having to reach for one’s keys and many others. One of the major challenge for global smart locks market is the issue of one’s phone potentially dying.

3. Report Description Report Description In such a scenario, a physical key still works. Furthermore, phones and back end clouds can be hacked, hence there remains a real and perceived security risk related to smart locks. Also, it will be critical for startups to heavily invest in security since the headline and publicity risk is the largest in the early market. The ubiquity of smartphones and low power communication protocols, along with improved technologies primarily related to geo-locating an individual have created new opportunities to enhance user experience that can be further explored in this market. Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb- 1063 Smart Locks Market: Segmentation On the basis of sub-market, the global smart locks market is segmented into, • Data Center Security • Energy Security • Casino Management • Physical Security • Port Security

4. Report Description Report Description On the basis of applications, the global smart locks market is segmented into, • Smart Homes On the basis of sub-product, the global smart locks market is segmented into, • Motion Sensor • Touch Screen • Keypads Smart Locks: Region-wise Outlook Currently North America is expected to be the largest market for global smart locks. This market is anticipated to observer the maximum growth in the Asia-Pacific region, especially in countries such as India, China and Japan. Smart Locks market is predicted to expand at a stable rate in other regions of the world as a result of a decelerating worldwide economy in these regions. Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1063 Smart Locks Market: Key Players Some of the market participants in the global smart locks market are AT&T Intellectual Property, Comcast, Lowe’s Companies, Inc., Staples, Inc., UniKey Technologies, Inc., Yale Real Living, MIWA Lock Co. and HAVEN among many others.

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