Rising demand for the gingery unlocking mechanism is a primary factor promoting the market. Some of the key factors that artery 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 backing being cramps 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. A smart lock is an electromechanical lock which is programmed to perform locking and unlocking operations on a door when it admits such instructions from an authorized device using a wireless protocol and a cryptographic key to implement the authorization process. It also monitors access and some other critical events related to the status of the device and sends alerts for the different events. It monitors most of the smart locks are bare and are at-home installable devices that can fit over the hitch turn of a deadbolt contained on the inside portion of the door. By application, hospitality segment commanded the largest market share due to growing security related threats among consumers during their stay at foreign locations. Due to the elevations in security tools such as remote door locking, window and door opening sensors the demand for smart locks is increasing from residential section. Asia Pacific witnessed a consequential growth in the market featured to rising commercial as well as residential infrastructure projects across countries such as China, India and Korea. North America is awaited to emerge as a leading region during the forecast period. Some of the key players in global Smart Lock market contain Cansec System, Weiser Lock, Avent Security, Yale Real Living, Sheorey Digital Systems Pvt. Ltd, AT&T Intellectual Property, Kwikset Company, Lowe’s Companies, Inc, Comcast Corp, Mul-T-Lock Company, Smart Locking Logic, Okidokeys, SentriLock, UniKey Technologies, Inc and Schlage.

Lock Types Covered:

Padlocks

Deadbolt

Lever Handles

Other

By Application Covered:

Industrial

Residential

Commercial

 Institution & Government

Critical Infrastructure

Others

Communication Protocols Covered:

Bluetooth

Wi-Fi

Other

Please inform us know if you have any special, updating requirement and we will offer you the report as your requirement. Get more details at https://franknraf.com/reports/smart-door-lock-market-research-report-2017/

Request for sample report of Smart Lock market at https://franknraf.com/sample-report/?rpt_id=6163

Company Name: Frank n Raf Market Research

US: +1 347-321-6773

Related Reports:

2018-2025 Full-Service Restaurants Report On Global And United States Market Size, Status, Trends and Forecast

Global Agricultural Software Market Size, Status, Trend and Forecast 2025

Global Industrial Cybersecurity Solution Market Size, Trends, Status and Forecast 2025

Global Online Fashion Retail Market Size, Trends, Status and Forecast 2025