Albany, NY -- (SBWIRE) -- 05/06/2019 -- According to a recent report compiled by Transparency Market Research (TMR), the competitive landscape of the global smart locks market is prognosticated to show notable growth owing to the expansion of telecommunication networks and mobile computing devices. The market is estimated to expand at a remarkable rate within the next few years due to the surging focus towards investments of building smart city infrastructure that has aided the entire development of the smart locks market at a global level.

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The Smart Locks market has been segmented on the basis of product type, unlocking mechanism and application. Based on product type, the market has been further classified into deadbolt type and lever/Knob type. On the basis of unlocking mechanism, the market has been divided into keypad, touch screen, touch to open, app based and hybrid/integrated. By application, the market is further classified into government, commercial, industrial and residential.

Geographically, the report classifies the global Smart Locks market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, France, the U.K., China, India, Japan, Australia, UAE, Saudi Arabia, Brazil and Argentina.

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The global smart locks market is segmented as below:

By Product Type

Deadbolt
Lever/Knob
By Unlocking Mechanism

Keypad
Touch Screen
Touch to Open
App Based
Hybrid/Integrated
By Application

Government
Commercial
Industrial
Residential
By Geography

North America
The U.S.
Canada
Rest of North America