Global Smart Lock Market 2020-2024
Technavio has been monitoring the smart lock market and it is poised to grow by $ 770.77 mn during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our reports on smart lock market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by developments in connectivity technologies and the growing ecosystem of IoT devices. In addition, developments in connectivity technologies is anticipated to boost the growth of the market as well.
The smart lock market analysis includes end-user segment and geographical landscapes.
Technavio's smart lock market is segmented as below:
By Geographical Landscapess
- North America
- South America
This study identifies the integration of advanced technologies in smart locks as one of the prime reasons driving the smart lock market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our smart lock market covers the following areas:
- Smart lock market sizing
- Smart lock market forecast
- Smart lock market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart lock market vendors that include Allegion Plc, ASSA ABLOY AB, dormakaba Holding AG, Honeywell International Inc., Napco Security Technologies Inc., Salto Systems SL, Samsung Electronics Co. Ltd., Spectrum Brands Holdings Inc., Vivint Inc., and Yunding Network Technology (Beijing) Co. Ltd. Also, the smart lock market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.