Increasing shift towards an online platform to fuel demand in the global Smart Locks market. The market has been witnessing the development of new technology. Fortune Business Insights has announced publishing of a report, titled “Smart Locks Market Size, Share and Global By Product, By Technology, By Industry Vertical and Geography Forecast till 2025”.
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“Key players are expected to emphasize integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global Smart Locks market,” said a lead analyst at Fortune Business Insights.
Top Players List:
- Honeywell
- Panasonic USA
- ASSA ABLOY Group
- Samsung SDS
- Spectrum Brands Inc.
- Vivint Smart Home
- UniKey Technologies
- Haven Lock Inc.
- August Home
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.
Major Segments Mentioned:
- By Product
- By Technology
- By Industry Vertical
- By Geography
On the contrary, high cost associated with upgraded technology is a factor that may restrain the global Smart Locks market.
Regional Analysis:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
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The report also offers insights on the key players operating in the global Smart Locks market.
Major Table of Content for Smart Locks Market:
- Introduction
- Executive Summary
- Market Dynamics
- Key Insights
- Global Smart Locks Market Analysis, Insights and Forecast, 2014-2025
- North America Smart Locks Market Analysis, Insights and Forecast, 2014-2025
- Europe Smart Locks Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Smart Locks Market Analysis, Insights and Forecast, 2014-2025
- Middle East and Africa Smart Locks Market Analysis, Insights and Forecast, 2014-2025
- Latin America Smart Locks Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
- Conclusion
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