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(Wireless-NewsWire.Com, March 10, 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.
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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.
Product Types Covered:
- Wi-Fi-Based Smart Lock
- Bluetooth-Based Smart Lock
Sub Markets Covered:
- Port Security
- Casino Management
- Data Center Security
- Physical Security
- Energy Security
Sub Products Covered:
- Keypads
- Motion Sensor
- Touch Screen
Lock Types Covered:
- Lever Handle
- Deadbolt
- Padlock
- Other Lock Types
Applications Covered:
- Enterprise
- Critical Infrastructure
- Residential
- Hospitality
- Other Applications
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Regions Covered:
- North America
US
Canada
Mexico
- Europe
Germany
France
Italy
UK
Spain
Rest of Europe
- Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
- Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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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Priya Sisodia
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sales@reportsweb.com
Source: EmailWire.Com 
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