Detailed examination of the Global Smart Locks Market - opportunities and forecasts, 2016 - 2021

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Global Smart Locks Market Research Report 2016
MarketIntelReports newly published a research
report on Global Smart Locks Industry with
covering detailed analysis on market
segmentation, global notable vendors,
geographical outlook, price financial updates,
segment application approach and future
forecasts.
Published on 29 June, 2016 Number of pages
153 Single User Price 2850
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A smart lock is an electromechanical lock which
is designed to perform locking and unlocking
operations on a door when it receives such
instructions from an authorized device using a
wireless protocol and a cryptographic key to
execute the authorization process. It also
monitors access and sends alerts for the
different events it monitors and some other
critical events related to the status of the
device.. Smart locks are able to grant or deny
access remotely via a mobile app. Certain smart
locks include a built-in WiFi connection that
allows for monitoring features such as access
notifications or cameras to show the person
requesting access.
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Market OverviewA number of emerging devices
have attributed to the upsurge of global smart
homes over the last few years. Smart locks is
expected to be one of the utmost promising
offering among all the devices over the
succeeding years. Smart locks is not a completely
novel industry. There has been efforts to
revolutionize the traditional locks and key with
numerical keypad locks. In smart locks, instead
of accessing the lock with you keys, you can
control access to the lock using a phone,
wireless key fob or even distantly over the
internet. Key Drivers of MarketThe key drivers
driving the growth of global smart locks are
increased popularity of smart home services
coupled with smartphone penetration, which is
expected to reach saturation points in the next
two to three years. Some of the other factors
driving the growth of global smart lock includes
its various advantages such as allowing users to
grant others access to their locks directly from
their phones, convenience of being able to walk
up to a door and have it automatically unlock
without having to reach for ones keys and many
others.
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Geographical BriefNorth America is expected to
be the largest market for global smart locks.
Future market is looking favorable for Asia
Pacific, especially in countries such as India,
China and Japan. Smart Locks market is predicted
to expand at a stable rate in other regions of
the world as a result of a decelerating worldwide
economy in these regions. Key PlayersSome of
the prominent players in the current market are
ATT Intellectual Property, Comcast, Lowes
Companies, Inc., Staples, Inc., UniKey
Technologies, Inc., Yale Real Living, MIWA Lock
Co. and HAVEN among many others.
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Key questions answered in this report  What
will the market size be in 2020 and what will the
growth rate be? What are the key market
trends? What is driving this market? What are
the challenges to market growth? Who are the
key vendors in this market space? What are the
market opportunities and threats faced by the key
vendors? What are the strengths and weaknesses
of the key vendors? You can request one free
hour of our analysts time when you purchase this
market report. Details are provided within the
report.
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Global Smart Locks Market Research Report 2016
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the Global Smart Locks Market and future
opportunities are provided in the report.
Contact 1-302-684-6088 sales_at_marketintelreports.c
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