Smart Lock Market Is Expected to Witness a Significant Growth Till 2024: Panasonic, Allegion, Alto Systems, Onity, UniKey and 5 Other Companies Profiled
Smart lock market segmentation by connectivity technologies indicates that the Wi-Fi segment dominated in terms of revenue in 2017 as it provides long-range connectivity, strong connectivity, and is the most favorable technology in smart devices. Wi-Fi comes is relatively more expensive than Bluetooth and requires a dedicated power source contributing to the strong projected growth of the Bluetooth smart lock market over the forecast time period. These are equipped with battery systems and can function effectively even during times of...
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