Smart Lock Market Worth $5.53 Billion by 2029
Meticulous Research ® —a leading global market research company, published a research report titled, ‘ Smart Lock Market by Lock Type (Deadbolt, Lever Handles, Others), Connectivity, Operating Mode, Application (Access Control & Authentication, Asset Control), End User (Residential, Commercial, Others), and Geography—Global Forecasts to 2029’ . According to this latest publication from Meticulous Research ® , the smart locks market is projected to reach $5.53 billion by 2029, at a CAGR of 14.7% from 2022–2029. Based on volume, the global smart locks market is projected to reach 49.9 million units by 2029, at a CAGR of 15.3% during the forecast period. The growth of this market is attributed to the increasing safety & security concerns, the growing awareness about the benefit and comfort offered by smart locks among consumers, the increasing smart home penetration, and the rising acceptance of advanced access control and authentication technologies. Additionally...