(PharmaNewsWire.Com, April 28, 2017 ) According to Publisher, the Global Smart Lock Market is expected to grow at a CAGR of 72% during the forecast period 2015 to 2022. Rising demand for dynamic unlocking mechanism is a primary factor fostering the market. Some of the key factors that drive the market growth include growing awareness regarding safe home solutions, stable growth in portable connected smart devices and rising demand for secure locks. However, threat from phones as its assistance being hacked and issues associated with high R&D costs are creating hurdles in the market growth. Moreover, home access and cloud based lock management solutions are likely to present considerable growth opportunities in this market.
By application, hospitality segment commanded the largest market share with a maximum growth rate in the market due to growing security related threats among consumers during their stay at foreign locations. Asia Pacific witnessed a substantial growth in the market attributed to rising commercial as well as residential infrastructure projects across countries such as China, India and Korea. North America is anticipated to emerge as a leading region during the forecast period.
Some of the key vendors in this market include Avent Security, Kwikset Company, Okidokeys, Sheorey Digital Systems Pvt. Ltd., Smart Locking Logic, Cansec System, Mul-T-Lock Company, Schlage, SentriLock, Weiser Lock, AT&T Intellectual Property, Lowe's Companies, Inc., UniKey Technologies, Inc., Comcast Corp. and Yale Real Living.
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt 1 Executive Summary 2 Preface 3 Market Trend Analysis 4 Porters Five Force Analysis 5 Global Smart Lock Market, By Product Type 6 Global Smart Lock Market, By Sub Market 7 Global Smart Lock Market, By Sub Product 8 Global Smart Lock Market, By Lock Type 9 Global Smart Lock Market, By Application 10 Global Smart Lock Market, By Geography 11 Key Developments 12 Company Profiling 12.1 Avent Security 12.2 Kwikset Company 12.3 Okidokeys 12.4 Sheorey Digital Systems Pvt. Ltd. 12.5 Smart Locking Logic 12.6 Cansec System 12.7 Mul-T-Lock Company 12.8 Schlage 12.9 SentriLock 12.10 Weiser Lock 12.11 AT&T Intellectual Property 12.12 Lowe's Companies, Inc. 12.13 UniKey Technologies, Inc. 12.14 Comcast Corp. 12.15 Yale Real Living
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