Smart Lock Market is expected to grow at a CAGR of 72% during the forecast period 2015 to 2022

(IT-NEWSWIRE.COM, April 05, 2018 ) 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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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
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

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Smart Lock Market is expected to grow at a CAGR of 72% during the forecast period 2015 to 2022