Smart Locks Market: Key Findings, Conclusions and Implications for Practice
The Smart Lock System is a physical access control system that is wirelessly unlocked by authorized users' identification. The process of identifying the authorized user is completed with the aid of Bluetooth and Wi-Fi-enabled smartphones, radio frequency identification devices (RFID), digital keypad locks in smart locks that use a numeric code, passwords, passphrases, security tokens, etc. Furthermore, according to the National Smart Home Organization (NSH), the value of the global smart home market reached US $ 40 billion in 2018. One of the main factors in the predicted growth of the smart lock market is the quick development of the smart home industry and its varied applications, particularly in emerging nations. Get a Free Brochure PDF Report to learn more about the Smart Locks Market. https://www.fortunebusinessinsights.com/enquiry/sample/smart-locks-market-100371 The industry concentration ratio and the most recent developments for the market share are shown using tables,...