Smart Lock Market will be to US$ 4.4 Billion by 2027
Smart Lock Market will be to US$ 4.4 Billion by 2027. Global Forecast by Type (Deadbolts, Padlocks, Lever handles, and others), Technology, Application, Regions, & Company Analysis.
The smart lock is next-generation technology which is an innovation in the fluid phase. With the increasing construction of new age buildings, the smart lock is designed to remotely open the door using a mobile device to only authorized personnel. The smart lock’s future market looks optimistic with opportunities in the Residential, Hospitality, Enterprise, Critical Infra and Other areas. Due to increased security, safety purposes, and advanced features compared to traditional ones, the rising adoption of smart-phones and other connecting devices for locks is expected to drive the smart lock market. According to Renub Research, The Smart Lock Market will be to US$ 4.4 Billion by 2027.
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1. North America
• Allegion Plc
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