Lewes, DE -- (SBWIRE) -- 09/11/2017 -- A smart lock is an electromechanical lock which is designed to perform locking and unlocking operations on a door when it receives such instructions from an authorized device using a wireless protocol and a cryptographic key to execute the authorization process. It also monitors access and sends alerts for the different events it monitors and some other critical events related to the status of the device. Smart locks can be considered part of a smart home. Smart locks allow users to grant access to a third party by the means of a virtual key. This key can be sent to the recipient smartphone over standard messaging protocols such as e-mail or SMS.

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The growing adoption of mobile phones low energy communication protocols is boosting the growth of smart lock market. The increased in room security especially in hotels are working as primary factors to promote this smart lock market. These locks provides varieties of features which include digital displays, mechanical locking systems, master password facility, master key for emergency usage. This also provides emergency system for battery failure. All these aspects are working as primitive objects in the mounting of smart lock market. This smart locks have Bluetooth facility which fueling the growth of this smart lock market.

The rise of alertness in the mind of people are constantly helping in the up rise of smart lock market. Everyone wants security so in coming years most of the construction companies will adopt this technology in order to provide complete customer satisfaction.

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Fingerprint Locks
Electronic Cipher Locks
Remote Locks

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Smart Locks for each application, including

Household
Commercial

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