Smart Door Lock Market Size
The growing trend of internet of things iot along with rising security and privacy concerns has propelled the penetration of smart home security devices globally.
Smart door lock market size. The report on smart door locks market offers in depth analysis on market trends drivers restraints opportunities etc. Along with qualitative information this report include the quantitative analysis of various segments in terms of market share growth opportunity analysis market value etc. More than 7 0 million units of smart locks were sold in 2019. The global smart door lock market is divided by keypad smart door locks into magnetic stripe locks electromechanical door locks and electric strike locks.
The global smart door lock market was valued at us 491 2 mn in 2018 and is projected to increase significantly at a cagr of 17 8 from 2019 to 2028. Smart lock market size and forecast. Press release smart door locks market 2020 share size types and applications evolving technology trends and industry analysis 2026 published. The global smart lock market size was valued at usd 1 2 billion in 2019 and is expected to register a cagr of 18 5 from 2020 to 2027.
The global smart door lock market is segmented on the basis of type application and geography. For the forecast years. The growing adoption of internet of things iot coupled with rising security and privacy concerns has propelled the penetration of smart home security devices globally. 3 2020 at 5 28 a m.