Submit Press Release GroupWeb News Network Africa Alabama Alaska Arizona Arkansas Asia California China Colorada Connecticut Washington DC Delaware Florida France Georgia Germany Ghana Hawaii Idaho Illinois India Indiana Iowa Italy Japan Kansas Kentucky Korea Lousiana Main MaryLand Massachusetts Michigan Minnesota Mississippi Misouri Motana Nebraska Nevad New Hampshire New Jersey New Mexico New York Nigeria North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island Rhode Island Russia South Africa South Carolina South Dakota Spain Tennessee Texas UK Utah Vermont Virginia Washington Weather West Virginia Wisconsin

Home | Search Global IT News: IT News & Press Release Distribution: Smart Lock Market estimated to reach $3.4 billion by 2025   (IT-NEWSWIRE.COM, July 31, 2019 ) The report "Smart Lock Market by Lock Type (Deadbolts, Lever Handles, Padlocks), Communication Protocol (Bluetooth, Wi-Fi), Vertical (Residential, Commercial, Institution and Government, Industrial) and Geography - Global Forecast to 2025" According to the new research report, the global Smart Lock Market is expected to grow from USD 1.1 billion in 2016 to USD 3.4 billion by 2025; it is estimated to grow at a CAGR of 13.1% during 2017–2025. Growing security and safety concerns, enhanced features compared with traditional lock systems, and rising adoption of smartphones and other connected devices are some of the major factors fueling the growth of this market. Don’t miss out on business opportunities in Smart Lock Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=82787906 Based on lock type, Deadbolts is expected to hold a larger size of the global smart lock market Deadbolts segment is expected to hold the largest size of the global smart lock market. Deadbolts are among the most commonly used exterior residential locks. Further, the factors such as low installation cost, high durability, and security from the intense intrusion or attack in residential, commercial, and other applications contribute to the growth of the market for deadbolts. Based on communication protocol, smart lock market for Wi-Fi to grow at highest CAGR from 2017 to 2025 The market for Wi-Fi is expected to grow at a highest CAGR from 2017 to 2025. Wi-Fi can be accessed through various devices such as smartphones, personal computers, and tablets. These devices can connect to the Internet through a wireless access point. The Wi-Fi Direct standard allows the formation of a connection between any 2 devices without a wireless router. The growth in the field of smartphones and tablets has led to the increased scope of IoT in smart locks, all of which are enabled with Wi-Fi connectivity. Browse and in-depth TOC on "Smart Lock Market" 62 - Tables 39 - Figures 122 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/smart-lock-market-82787906.html Smart lock market for residential vertical to grow at highest CAGR during forecast period The smart lock market for residential vertical is expected to grow at the highest CAGR during the forecast period. In the residential segment, smart locks have applications in both condominiums and individual houses. Checking access to an unauthorized person is considered as the critical component of security to protect assets. This growth of the smart lock market for this vertical could be attributed to the increasing demand for smart home, increasing urbanization, and security solutions. Smart lock market in APAC to grow at highest CAGR during forecast period The smart lock market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is expected to witness the increase in adoption of security systems as major countries in this region are the emerging economies with a growing number of manufacturing bases and exhibiting increasing demand for connected security devices. Further, the huge population base, a large number of research and development (R&D) activities, and increasing urbanization in APAC would drive the adoption of smart locks in APAC. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=82787906 Key players in the market include ASSA ABLOY AB (Sweden), Allegion plc (Ireland), dorma+kaba Holding AG (Switzerland), Spectrum Brands Holdings, Inc. (US), Salto Systems S.L. (Spain), Onity, Inc. (US), Cansec Systems Ltd. (Canada), GANTNER Electronic GmbH (Austria), Master Lock Company LLC (US), MIWA Lock Co. (Japan), Samsung Electronics Co., Ltd. (South Korea), SentriLock, LLC (US), Avent Security (China), ADEL Group (China), Dessmann (Germany), Haven Lock, Inc. (US), Gate (US), Shenzhen Vians Electric Lock Co., Ltd.(China), Anviz Global (US), Poly-Control International ApS (Denmark), August Home (US), CANDY HOUSE, Inc. (US), Dahua Technology Co., Ltd (China), Amadas Inc.(South Korea), and LockState (US). These players are increasingly undertaking product launches, partnerships, acquisitions, expansions, agreements, collaborations, and contracts to increase their market shares. Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets Website: http://www.marketsandmarkets.com/ MarketsandMarkets™ Mr. Shelly Singh 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

Information Technology Resources Application Software Bioinformatics Computers Computer Games Enterprise Software Graphics/Printing/CAD Hardware/Peripheral industrial Computers Information Internet Multimedia Networking Public Sector Robotics Semiconductor Software Telecommunications Webmaster Information Technology (IT) Advertisement Information Technology Sponsors Information Technology Publications We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including: The Integration Journey—a Field Guide to Enterprise Integration for SOA Government Technology\'s Public CIO Protecting Content During Business Disruption: Are You Covered? No credit cards, coupons, or promo codes required. Try it today!