Selbyville, DE -- (SBWIRE) -- 06/06/2019 -- According to a new report the global smart locks market is anticipated to reach USD 6.1 billion by 2026. Increasing adoption of smart homes in both developed and developing economies and growing need for more secured locking mechanism, has pushed the market for smart locks.

There has been a significant growth in the adoption of smartphones and other handheld devices which act as an interface to control these locks. Smart locks allow its users to connect through smart phones, with the help of advance connectivity technology such as Near Field Communication (NFC), Bluetooth, ZigBee/Z-Wave. There is also a considerable increase in the compact IoT gadgets or connected gadgets adoption. All these factors are foreseen to drive the market over the forecast period.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1694997/?utm_source=releasewire.com&utm_medium=ADS

The adoption of smart locks is largely seen in the home and residential segment due to growing smart homes across the globe. Increasing awareness about technology and increased spending capacity of the individuals are another factors which are driving the market growth in this segment. Adoption is also largely seen in the hospitality vertical. Hotels and resorts have multiple rooms which requires limited and restricted access to the authorized persons and guests. Smart locks can be configured according to these requirements, thus allowing secured stay for the hotel customers. The access can be controlled remotely by the hotel staff and the locks with password can be reconfigured every time for the new guest, thus increasing safety and security. Enterprises and government organizations on the other hand are expected to have large market share after home and hospitality segment.

Deadbolts are estimated to have a large market share followed by padlocks and lever handles. The growth for these products is anticipated to continue owing to different advance features such as touch screens, usage of biometrics, and remote access of these locks using smartphones. Major companies are constantly investing in the R&D capabilities for smart locks, thus enabling them to integrate new features and technological advancements. This is helping them to increase the adoption of smart locks in the market.

Key Findings from the study suggest products accessible in the market are much competitive and manufacturers are progressively concentrating on advancements to pick up an aggressive edge. Companies are in a stage of development of new items in order to guarantee simple implementation and connection with the current mechanical door locks. The hospatility segment is anticipated to grow at a high growth rate over the forecast period with the expanding utilization of smart locks inferable from expanding security-related worries among clients amid their stay at the hotels. North America is presumed to dominate the global smart locks market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

Table of Contents:

1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-aways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Smart locks Market Insights
3.1. Smart locks ? Industry snapshot
3.2. Smart locks - Ecosystem analysis
3.3. Smart locks market dynamics
3.3.1. Smart locks ? Market Forces
3.3.1.1. Smart locks Market driver analysis
3.3.1.2. Smart locks Market restraint/challenges analysis
3.3.1.3. Smart locks Market opportunity analysis
3.3.2. Industry analysis - Porter's five force
3.3.2.1. Bargaining power of supplier
3.3.2.2. Bargaining power of buyer
3.3.2.3. Threat of substitute
3.3.2.4. Threat of new entrant
3.3.2.5. Degree of competition
3.3.3. Smart locks market PEST analysis, 2017
3.3.4. Value Chain Analysis
3.3.5. Smart locks Industry trends
3.3.6. Competitive Ranking Analysis
4. Smart locks Market Size and Forecast by Product Outlook
4.1. Key findings
4.2. Lever Handle
4.2.1. Global market estimates and forecasts, 2017 - 2026
4.3. Padlock
4.3.1. Global market estimates and forecasts, 2017 ? 2026
4.4. Deadlock
4.4.1. Global market estimates and forecasts, 2017 - 2026
4.5. Others
4.5.1. Global market estimates and forecasts, 2017 - 2026
5. Smart locks Market Size and Forecast by End-use outlook
5.1. Key findings
5.2. Home
5.2.1. Global market estimates and forecasts, 2017 - 2026
5.3. Commercial
5.3.1. Global market estimates and forecasts, 2017 - 2026
5.4. Hospitality
5.4.1. Global market estimates and forecasts, 2017 ? 2026
5.5. Government
5.5.1. Global market estimates and forecasts, 2017 - 2026
5.6. Others
5.6.1. Global market estimates and forecasts, 2017 - 2026
6. Smart locks Market Size and Forecast by Regions
6.1. Key findings
6.2. North America
6.2.1. Smart locks market by product outlook (Thousand units and USD Million), 2017 - 2026
6.2.2. Smart locks market by end-use outlook (Thousand units and USD Million), 2017 - 2026
6.2.3. U.S.
6.2.3.1. Smart locks market by product outlook (Thousand units and USD Million), 2017 - 2026
6.2.3.2. Smart locks market by end-use outlook (Thousand units and USD Million), 2017 - 2026
6.2.4. Canada
6.2.4.1. Smart locks market by product outlook (Thousand units and USD Million), 2017 - 2026
6.2.4.2. Smart locks market by end-use outlook (Thousand units and USD Million), 2017 - 2026
6.3. Europe
6.3.1. Smart locks market by product outlook (Thousand units and USD Million), 2017 - 2026
6.3.2. Smart locks market by end-use outlook (Thousand units and USD Million), 2017 - 2026
6.3.3. Germany
6.3.3.1. Smart locks market by product outlook (Thousand units and USD Million), 2017 - 2026
6.3.3.2. Smart locks market by end-use outlook (Thousand units and USD Million), 2017 - 2026
6.3.4. UK
6.3.4.1. Smart locks market by product outlook (Thousand units and USD Million), 2017 - 2026
6.3.4.2. Smart locks market by end-use outlook (Thousand units and USD Million), 2017 – 2026

Purchase Complete Report at: https://www.marketstudyreport.com/securecheckout/paymenta/1694997?msfpaycode=sumsf?utm_source=releasewire.com&utm_medium=ADS

Related Report:

Global Remote Patient Monitoring Devices Market [By Product Type (Heart Rate Monitors, Heart Monitors, Blood Pressure Monitors, Sleep Apnea Monitors, Breath Monitors, Weight Monitors, Blood Glucose Monitors, Infusion Pumps, and Body Temperature Monitors) Market size & Forecast, 2018 - 2025

The Global Remote Patient Monitoring Devices Market Size is anticipated to reach over USD 1,882.75 Million by 2025 according to a new research.

Remote patient monitoring technology comprises devices such as glucose meters, blood pressure monitoring system, and other portable devices that are used by patients at a remote location. Growing usage of smartphones and increasing the expansion of the smartphone applications that are linked to the monitoring devices further helps in transmitting and recording persons health-related data to the healthcare suppliers or specialists.

https://www.marketstudyreport.com/request-a-sample/1700731/?utm_source=releasewire.com&utm_medium=ADS

About Market Study Report
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/