Smart Lock Market SWOT Analysis, Key Regions & Key Business Strategies | Emergen Research

Market Size – USD 2.92 Billion in 2020, Market Growth – at a CAGR of 15.0%, Market Trends – Increasing demand for connected devices and integrated access control systems


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The global smart lock market size is expected to reach USD 8.87 billion in 2028 at a CAGR of 15.0% during the forecast period, according to the latest report by Emergen Research. Increasing need for safety and security of property, personal items, and other valuable items, rising adoption of smart home automation systems, growing preference for smart locks in commercial and corporate buildings, and rapid advancements in the smart lock technology are key factors expected to drive market revenue growth over the forecast period. Growing use of smart locks in hospitality sector to improve in-room security and to regulate access to authorized individuals in factories, airports, banks, and defense zones, among others are some other key factors fueling the revenue growth of the market.

The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Ed-Tech and Smart Classroom market.

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Key Players Profiled in the Report are:

Assa Abloy AB, Allegion Plc., dormakaba Holding AG, Spectrum Brands Holdings, Inc., SALTO Systems, Onity, Inc., Samsung SDS, Panasonic Corporation, The Master Lock Company, and Godrej Group.

Key Questions Answered in the Report:

What is the growth rate of the Ed-Tech and Smart Classroom market? What is the anticipated market valuation of Ed-Tech and Smart Classroom industry by 2027?

What are the key growth driving and restraining factors of the Ed-Tech and Smart Classroom market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Ed-Tech and Smart Classroom industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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For the purpose of this report, Emergen Research has segmented the global smart lock market on the basis of lock type, authentication method, communication protocol, application outlook, and region:

Lock Type Outlook (Revenue, USD Billion; 2018-2028)

  • Lever Handles
  • Deadbolts
  • Padlocks
  • Others

Authentication Method Outlook (Revenue, USD Billion; 2018-2028)

  • Pin Code
  • Biometric
  • RFID Cards

Communication Protocol Outlook (Revenue, USD Billion; 2018-2028)

  • Wi-Fi
  • Bluetooth
  • Others

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Residential
  • Commercial
  • Industrial
  • Institutional & Government

Regional Analysis of the Ed-Tech and Smart Classroom Market:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

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