TechDogs-"Outlook on the Smart Lock Global Market to 2027 - Featuring Allegion, Cansec Systems and Honeywell Among Others - ResearchAndMarkets.com"

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Outlook on the Smart Lock Global Market to 2027 - Featuring Allegion, Cansec Systems and Honeywell Among Others - ResearchAndMarkets.com

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Business Wire
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DUBLIN--(BUSINESS WIRE)--The "Global Smart Lock Market (2022-2027) by Communication Protocol, Lock Type, Application, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Lock Market is estimated to be USD 2.4 Bn in 2022 and is projected to reach USD 4.05 Bn by 2027, growing at a CAGR of 11.01%.

Market dynamics are forces that impact the prices and behaviors of the Global Smart Lock Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Smart Lock Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The report analyses the Global Smart Lock Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Smart Lock Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

  • Growing Inclination to Smart Homes Products
  • Increasing Security and Safety Concerns
  • Proliferation of Mobile Technology

Restraints

  • High Installation Cost and Security Threats

Opportunities

  • Growing Potential of IoT based Intelligent Security Systems

Challenges

  • Lack of Awareness and Reliability Concern among Consumers


Here's another interesting article on Top 5 Internet Of Things (IoT) Development Platforms Of 2022

Market Segmentations

The Global Smart Lock Market is segmented based on Communication Protocol, Lock Type, Application, and Geography.

  • By Communication Protocol, the market is classified into Bluetooth, NFC, Thread, WIFI, Z-Wave, and ZigBee.
  • By Lock Type, the market is classified into Deadbolt, Lever Handles, and Padlocks.
  • By Application, the market is classified into Commercial, Industrial, Institutional, and Residential.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

  • Allegion
  • Amadas
  • Anviz Global
  • Assa Abloy
  • Avent Security
  • Candy House
  • Cansec Systems
  • Dessmann
  • Dormakaba
  • Gantner Electronic
  • Gate Labs
  • Havenlock
  • Honeywell
  • Keywe
  • Master Lock
  • Miwa Lock
  • Onity
  • Remotelock
  • Salto Systems
  • Samsung Electronics
  • Sentrilock
  • Spectrum Brands
  • Vivint
  • ZKTeco

For more information about this report visit https://www.researchandmarkets.com/r/4y10v9


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First published on Mon, Jun 20, 2022

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