ICT & Electronics Global Smart Door Lock Market | Page 3

Rapid Growth in real estate sector
The real estate growth is primarily driven by the growth in the hospitality
industry and the intense competition in order to provide better services to
the customer which would encourage the hotel room owners to adapt and
to install smart door locks. Moreover, the rising investment in the
infrastructural facilities to increase the safety of the residential premises
would increase the demand for the smart door locks market.
Technological Innovation in Smart Door Locks
The technological innovation is leading to the increased adoption of the
smart door locks across the globe. Moreover, the smart door locks can be
operated via the digital technology with easy user interface. Moreover, the
availability of the technologically advanced smart door locks is further
propelling the demand for the growth of the market. Likely, the
introduction of the hybrid smart door locks with multiple unlock
mechanism is further driving the growth of the market. On the contrary,
poor quality of the smart door locks, rising hacking incidents and less trust
on application based smart locks market population are some of the factors
that are likely to inhibit the growth of the Smart Door Locks Market in the
near future.
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The report titled “Global Smart Door Lock Market Analysis &
Opportunity Outlook 2021” delivers detailed overview of the global
smart door locks market in terms of market segmentation by wireless
means, by biometric, by unlock mechanism and end user. Further, for the
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