Latin America Smart Locks Market is forecasted to grow at 12.7% with factors such as the growing adoption rate of IT connected security devices.
Smart lock market has shown an exceptional penetration in countries such as Brazil, Argentina and Rest of Latin America due to huge investments in smart homes construction. In countries, strong distribution network including multi-brand stores and online retailers is creating opportunity for the Latin America smart locks market.
According to Data Bridge Market Research, the market for smart locks in Brazil country has the highest market share followed by Argentina and Rest of Latin America. Market leader is SAMSUNG SDS., which accounts an estimated market share of approximately 12% to 15% in the Latin America smart lock market. The company has gained outstanding sale through innovative smart lock products for commercial places. For instance,
Now the question is which other countries SAMSUNG SDS., Onity (a Subsidary of Carrier) and igloocompany Pte Ltd. are targeting? Data Bridge Market Research has forecasted a large growth in Brazil smart locks market and the market leaders are targeting Argentina to be their next revenue pockets for 2021.
The smart lock market is becoming more competitive every year with companies such as SAMSUNG SDS., Onity (a Subsidary of Carrier) and igloocompany Pte Ltd. as they are the market leaders for smart lock. The data bridge market research new reports highlight the major growth factors and opportunities in the smart locks market.
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Latin America smart locks market is segmented on the basis of countries into the Brazil, Argentina and Rest of Latin America.
All country based analysis of smart locks market is further analyzed based on further segmentation. On the basis of type, the Latin America smart locks market is segmented into deadbolts, lever handles, padlocks and other locks. On the basis of communication protocol, the Latin America smart locks market is segmented into bluetooth, Wi-Fi and other protocols. On the basis of application, the Latin America smart locks market is segmented into commercial, residential, institution & government and industrial.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of smart locks companies, contact us https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=latin-america-smart-lock-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Latin America Smart Lock Market – Industry Trends and Forecast to 2028