If you have any questions, Please feel free to contact our analyst at: īased on technology, the Bluetooth segment held the highest market share in 2020, contributing to nearly three-fifths of the global smart door locks market revenue, and is expected to maintain its leadership status throughout the forecast period. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. On the basis of end user, it is segregated in to residential and commercial. On the basis of technology, it is bifurcated into Wi-Fi and Bluetooth. Further, the others segment includes footplate locks, rim latches, and wall mounted locks. On the basis of product type, it is segmented into deadbolts, lever handles, padlocks, and others. The smart locks market is segmented on the basis of product type, technology, end user, and region. On the contrary, rapid urbanization and industrialization in emerging countries are expected to offer lucrative opportunities for the growth of the market. However, high investment costs are restraining the growth of the market. The global smart door locks market is driven by several factors, such as an increase in concern for safety and security, a rise in demand for smart locks, a surge in the popularity of the Internet of Things (IoT) for smart homes, and an increase in demand for smartphone connectivity. Request Sample Report (Get Full Insights in PDF – 171 Pages) at: The global smart locks market size was valued at USD 2,366.51 million in 2020, and is projected to reach USD 14,972.3 million by 2030, growing at a CAGR of 20.1% from 2021 to 2030. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

PORTLAND, PORTLAND, OR, UNITED STATE, Decem/ / - Allied Market Research published a new report, titled, ' The USD 14,972.3 Million Smart Locks Market Reach by 2030 at 20.1% CAGR | Top Players Such as - SALTO, Vivint and UniKey.' The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The emergence of growing technologies like the IoT, AI, and Machine Learning (ML) are expected to boost the adoption of smart locks market

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