Dublin, Feb. 15, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/cdfdmx/global_smart_lock) has announced the addition of the "Global Smart Lock Market 2016-2020" report to their offering.
About Smart Lock
A smart home consists of an internal network, home automation, and intelligent control. Typically, a smart home will be equipped with digital devices, home appliances, and equipment that are interconnected with each other and can be remotely accessed by users through smartphones or tablets from any location.
A smart lock is an integral part of the smart home. We expect increased demand for security solutions such as intruder alarms and electronic (smart) locks as cases of burglary and robbery rise worldwide. Security solutions are also being installed in commercial buildings, though at a minimal rate.
The analysts forecast the global smart lock market to grow at a CAGR of 75.26% during the period 2016-2020.
Global Smart lock Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global smart lock market for 2016-2020. To calculate market size, the report takes into account the revenue generated by various types of smart locks in different geographies across the world.
Smartphones are becoming an integral part of today's urban and semi-urban lifestyles in emerging economies. As the usage of smartphones grows and more users acquire these electronic devices for everyday use, the market for mobile applications will also grow in tandem.
According to the report, smart locks are an integral part of smart homes. These provide ease of use and can detect unauthorized presence via Bluetooth. As additional functionalities are added to smart locks with technology continuing to develop and grow, we believe that their use would only increase in the future.
Further, the report states that the security with respect to the internet is one of the major hindrance in the growth of the market.
The market is divided into the following segments based on types of locks:
- Bluetooth-based smart lock
- Wi-Fi-based smart lock
Key vendors
- August
- Goji
- Haven
- UniKey
- Yale
Other prominent vendors
- Aventsecurity
- Cansec System
- Kwikset
- Mul-T-Lock
- Okidokeys
- Schlage
- SDS
- SentriLock
- Smart Locking Logic
- Weiser Lock
For more information visit http://www.researchandmarkets.com/research/cdfdmx/global_smart_lock