MarketsandMarkets Presents Smart Lock Market worth 2.67 Billion USD by

Smart Lock MarketSmart 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 2023", The smart lock market is expected to reach USD 2.67 Billion by 2023 from USD 1.28 Billion in 2017, at a CAGR of 13.11% between 2017 and The major factors driving the growth of this market include growing security and safety concerns, enhanced features compared with traditional lock systems, and rising adoption of smartphones and other connected devices. Browse 62 Market Data Tables and 39 Figures spread through 122 Pages and in-depth TOC on "Smart Lock Market - Global Forecast to 2023“ Download PDF Brochure:

The smart lock market is expected to be valued at USD 2.67 Billion by 2023 from USD 1.06 Billion in 2016, at a CAGR of 13.11% between 2017 and The base year considered for the study is 2016, and the forecast has been provided for 2017–2023. Objectives of Study: To define, describe, and forecast the smart lock market, in terms of value, on the basis of lock type, communication protocol, vertical, and geography To forecast the market size, in terms of value, for the concerned segments with regard to 4 main regions North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) To forecast the smart lock market, in terms of volume, on the basis of lock type To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and their contribution to the smart lock market To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the smart lock market To analyze opportunities in the market for stakeholders and the details of the competitive landscape for the market leaders To provide a detailed overview of the smart lock value chain Speak to Analyst>>

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In 2016, the smart lock market was dominated by ASSA ABLOY (Sweden), Allegion (Ireland), dorma+kaba (Switzerland), Spectrum Brands (US), Salto Systems (Spain), Onity (US), Cansec Systems (Canada), and Master Lock (US), among others. Key Target Audience>> Restate builders System Integrators Homeowners Project consultants Original equipment manufacturers (OEMs) Technology and solution providers Software service providers Rental service providers Suppliers and distributors Government and other regulatory bodies Technology investors Research institutes and organizations Market research and consulting firms Raw material suppliers

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