Press release
Smart Lock Industry Report Analysis By opportunities
A smart lock is an imperious gadget to secure homes against any unforeseen situations. It is one of the foremost trending devices which feature automation technology. It work on WiFi, Bluetooth, or Voice Assistance and is available in versatile shapes and sizes. A smart lock is an electro-mechanical door lock system that executes the locking and unlocking function upon receiving commands from an authorized source. These commands are generally communicate through smartphones, wearable devices or tablets using Wi-Fi or Bluetooth. It can be customized to restrict universal access and can be monitored from any location. Furthermore, they bestow monitoring features like email, video camera with recording capabilities to provide visuals of the person at the door and access notification through SMS.
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North America is projected to have the highest CAGR due to the high technology adoption and rising penetration of smart homes. The high spending capacity of customers and rising security concerns, especially across the critical infrastructure and residential applications, have led to a favorable regulatory scenario for their adoption.
Some of the key players profiled in the Smart Lock Market include Allegion Plc, Amadas Inc., Assa Abloy, Avent Security, Cansec Systems Ltd, Dessmann, Dorma+Kaba Holding AG, Gantner Electronic GmbH, Master Lock Company LLC, MIWA Lock Co., Onity Inc, Salto Systems S.L., Samsung Electronics Co. Ltd, Sentrilock LLC, Spectrum Brands Holdings Inc, and Kwikset.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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