![]() Furthermore, implementation of innovative technologies, such as cloud-based locking/unlocking that enables the user to access these locks through a virtual device remotely, is also expected to catalyze the market growth. Additionally, owing to rising urbanization and disposable income along with robust growth of the IoT technology, people are more inclined toward smart-technology-based assistance for their daily life functioning. Consequently, they are rapidly replacing the traditional locking systems that included bulky locks with keys that are more prone to loss and theft. Smart locks have high durability and low installation costs and provide a greater sense of security to the user. A rising number of security threat incidents along with the development of smart cities have created the need for smart locks in both the residential and commercial sectors. Increasing acceptance of advanced home security solutions and usage of smart devices are among the key factors driving the global market. To get more information about this market, Request Sample They also have features such as auto-locking options that automatically lock a door if left unlocked for a specific period and perimeter auto-locking that automatically locks the door if the user’s smartphone is outside the designated perimeter. ![]() Furthermore, they provide monitoring features such as access notifications through SMS and e-mail and video camera with recording capabilities to provide visuals of the person at the door. Smart locks can be monitored from any location and customized to restrict universal access. These commands are usually transmitted through smartphones, wearable devices or tablets using Wi-Fi or Bluetooth. These insights are included in the report as a major market contributor.Ī smart lock is an electro-mechanical door lock system that performs the locking and unlocking function upon receiving commands from an authorized source. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2027, exhibiting at a CAGR of 21.8% during 2022-2027. ![]() The global smart lock market reached a value of US$ 1.6 Billion in 2021.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |