The global smart lock market size is expected to reach USD 8.87 billion in 2028 at a CAGR of 15.0% during the forecast period, according to the latest report by Emergen Research. Increasing need for safety and security of property, personal items, and other valuable items, rising adoption of smart home automation systems, growing preference for smart locks in commercial and corporate buildings, and rapid advancements in the smart lock technology are key factors expected to drive market revenue growth over the forecast period. Growing use of smart locks in hospitality sector to improve in-room security and to regulate access to authorized individuals in factories, airports, banks, and defense zones, among others are some other key factors fueling the revenue growth of the market.

The authors of the study also offer a holistic view of the global smart lock market based on the earnings, volume, and sales recorded. The research report furnishes clear guidelines for players to intensify their market position in the global smart lock market. It prepares them to deal with potential challenges and optimize profitable opportunities by providing an extensive analysis of the market scenario. It also guides them to recognize new business goals simultaneously keeping track of the changes in the customer preferences, needs, and the vendor landscape of the global smart lock market. 

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Key Players Profiled in the Report are:

Assa Abloy AB, Allegion Plc., dormakaba Holding AG, Spectrum Brands Holdings, Inc., SALTO Systems, Onity, Inc., Samsung SDS, Panasonic Corporation, The Master Lock Company, and Godrej Group.

Key Questions Answered in the Report:

What is the growth rate of the Ed-Tech and Smart Classroom market? What is the anticipated market valuation of Ed-Tech and Smart Classroom industry by 2027?

What are the key growth driving and restraining factors of the Ed-Tech and Smart Classroom market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Ed-Tech and Smart Classroom industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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For the purpose of this report, Emergen Research has segmented the global smart lock market on the basis of lock type, authentication method, communication protocol, application outlook, and region:

Lock Type Outlook (Revenue, USD Billion; 2018-2028)

• Lever Handles
• Deadbolts
• Padlocks
• Others

Authentication Method Outlook (Revenue, USD Billion; 2018-2028)

• Pin Code
• Biometric
• RFID Cards

Communication Protocol Outlook (Revenue, USD Billion; 2018-2028)

• Wi-Fi
• Bluetooth
• Others

Application Outlook (Revenue, USD Billion; 2018-2028)

• Residential
• Commercial
• Industrial
• Institutional & Government

Regional Analysis of the Ed-Tech and Smart Classroom Market:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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