Know About Smart Locks Market Growth by Application, Technology Service, Industry Vertical and Top Players Like ASSA ABLOY, Samsung, Allegion, Kwikset (Spectrum Brands)
The global smart lock market size was estimated in 2019. It is expected to witness a phenomenal CAGR +61.0% over the forecast period. The demand for smart locks is projected to exceed more than 130 units by 2025. Rising adoption of connected home solutions and soaring need to establish connectivity across all electronic devices in users' houses as a consequence of growing penetration of smart homes are among the key trends escalating market growth.
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