Smart Lock Market Size is Predicted to Witness 19.6% CAGR till 2030

The global Smart Lock Market size is expected to reach USD 8.13 billion by 2030, and is anticipated to register a CAGR of 19.6% from 2023 to 2030, based on a recent report by Grand View Research, Inc. Key factors driving the growth of the smart lock market globally include increased global internet penetration, increased consumer awareness about advanced security systems, and higher reliance on mobile applications to make daily processes easier. Smart locks without power locks use Wi-Fi or Bluetooth to connect to other home appliances installed. Locks can be operated by a special power cord or by installing a smart lock app on the phone.

The user can send temporary keys to people, giving them home access within a specified time. In addition, smart lock technology is easy to use and unique compared to conventional methods. For instance, security solutions with passwords, ID codes, machine keys, and code names are tedious to take care of and can potentially lead to theft or loss of data. Smart keys work on an IoT connection, which synchronizes with the user's smartphone to gain control. This smart lock feature makes it reliable, unique, and easy to use and strengthens its market presence.

During the first couple of quarters of 2020, the COVID-19 pandemic slowed the pace of new smart lock installations. Drastic changes such as cross-border trade prohibitions, economic uncertainty, restrictive standards necessitating temporary shutdowns of industrial facilities, and stay-at-home orders for the general public produced a difficult situation for the industry. Nonetheless, measures such as embedding touchless technologies into their products, developing mobile apps for performing operations, and offering products at lower pricing on the available modes helped businesses increase their ROI during these essential lockdown instances.

Related Press Release@ Smart Lock Market Report

List of Key Players in the Smart Lock Market

• August Home, Inc. (ASSA ABLOY)
• Avent Security
• Cansec Systems Ltd.
• HavenLock, Inc.
• Kwikset (Spectrum Brands Holdings, Inc.)
• MUL-T-LOCK TECHNOLOGIES LTD. (ASSA ABLOY)
• Schlage (Allegion Plc)
• Zigbang Co., Ltd. (Previously Samsung SDS)
• Sentrilock, LLC
• Smart Locking Logic Proprietary Limited
• UniKey Technologies, Inc.
• Yale Locks (ASSA ABLOY)
• Goji
• Onity Inc. (Carrier Global Corporation)
• Honeywell International Inc.  

 

Smart lock Market Report Highlights

• The global market is driven by the increased global internet penetration, increased consumer awareness about advanced security systems, and a higher reliance on mobile applications to make daily processes easier. Growing usage of smart locks in residential security will propel the overall market in the forecast period
• Based on the type segment, the lever handle type of locks is anticipated to expand with the highest CAGR of 22.4% during the forecast period of 2023-2030. This is attributed to the modernizing operations in the hospitality sector to meet tourist security needs
• Based on applications, the hospitality segment is expected to exhibit the highest CAGR of 23.8% from 2023 to 2030, owing to the rapid implementation of smart locks to accommodate consumers' growing security concerns throughout their visits
•  The North American region contributed the largest revenue share in 2022 to the smart lock market owing to the advancements in technology across the region

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Smart Lock Market Segmentation

Grand View Research has segmented the global smart lock market based on type, application, and region:

Smart Lock Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Deadbolt
• Lever Handles
• Padlock
• Others

Smart Lock Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Residential
• Hospitality
• Enterprise
• Critical Infrastructure
• Others

Smart Lock Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Benelux
• Nordic Countries
• Russia
• Asia Pacific
• China
• South Korea
• Japan
• India
• Australia
• Indonesia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• Egypt
• South Africa
• Nigeria

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Mobile Security Market by Microsoft; IBM; VMware, Inc.; BlackBerry Limited; Trend Micro; Check Point Software Technologies Ltd.; Lookout, Inc.

 

The global Mobile Security Market size is expected to reach USD 7.08 billion by 2027, registering a CAGR of 10.7% from 2020 to 2027, according to the new study conducted by Grand View Research, Inc. Mobile security breaches, data thefts, and phishing attacks continue to rise with the growing number of portable devices. Furthermore, growing stringent regulations in organizations and increasing IT complexities in business environments are expected to drive the demand for safety solutions and services. The threat actors are increasingly targeting consumers and businesses of all sizes by taking advantage of their vulnerabilities in device infrastructures, solutions, and online services.

Increasing access to third-party apps and websites expose safety challenges to the businesses. Rise in trend for bring-your-own-device (BYOD) practices in enterprises and government organizations allows employees to use their devices to download third-party apps to improve productivity. These third-party apps are more vulnerable and offer a weak link in an enterprise security ecosystem. It results in allowing threat actors to break into the company network space easily and impact business productivity. Furthermore, organizations often outsource their secondary activities, such as marketing and transaction processing, to third parties, which impose a high risk in data breaches. As a result, organizations adopt mobile safety solutions to secure their development projects and third-party breaches.

Growing trend of the digital workplace and increasing adoption of cloud services expose businesses to cyberattacks. Most of the organizations lack relevant capabilities to detect and respond immediately to the attacks. As a result, attacks against organizational endpoints often go unnoticed and ultimately can cause significant business loss. Increasing risk from mobile endpoint threats is influencing businesses of all sizes to adopt safety solutions, such as endpoint detection, and application safety solutions and seek managed services to strengthen their deployment security.

Related Press Release@ Mobile Security Market Report

List of Key Players of Mobile Security Market

• Microsoft
• IBM
• VMware, Inc.
• BlackBerry Limited
• Trend Micro
• Check Point Software Technologies Ltd.
• Lookout, Inc.
• Mobileiron
• CrowdStrike
• McAfee, LLC
• Sophos Ltd.
• Quick Heal Technologies Limited

Mobile Security Market Report Highlights

• Based on offerings, the solutions segment accounted for the largest share of 59.0% in 2019 owing to increase in cyberattacks from third party apps and need for real-time remediation of attacks in an enterprise network space
• By end use, the individuals segment is expected to witness the fastest growth in future owing to rise in threats from network spoofing, accessing unsecured Wi-Fi, and accessing to unwanted emails and rising awareness about the safety solutions to protect individuals’ devices
• By organization, the large enterprises segment is expected to hold the largest market share by 2027 owing to rise in BYOD and need to manage personal mobility devices workspaces with company policies and procedures
• North American accounted for the largest revenue share in 2019 and is anticipated to maintain its lead over the forecast period.

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Mobile Security Market Segmentation

Grand View Research has segmented the global mobile security market on the basis of offerings, end use, organization, industry vertical, and region:

Mobile Security Offerings Outlook (Revenue, USD Million, 2016 - 2027)

• Solutions
• Services

Mobile Security End-Use Outlook (Revenue, USD Million, 2016 - 2027)

• Individuals
• Enterprises

Mobile Security Organization Outlook (Revenue, USD Million, 2016 - 2027)

• Small & Medium Enterprises
• Large Enterprises

Mobile Security Industry Vertical Outlook (Revenue, USD Million, 2016 - 2027)

• BFSI
• Telecom & IT
• Retail
• Healthcare
• Government & Defense
• Manufacturing
• Others

Mobile Security Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• MEA

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Intelligent Process Automation Market Size Worth $17.5 Billion By 2025

The global Intelligent Process Automation Market size is expected to reach USD 17.5 billion by 2025, registering a CAGR of 16.9% from 2019 to 2025, according to a new report by Grand View Research, Inc. The fast-paced development of Artificial Intelligence (AI) and its implementation is propelling the strategists to realign their business models with modern technologies. Intelligent process automation helps achieve flexible and intelligent automation by combining artificial intelligence, robotic process automation, and other emerging technologies. It can be used in a variety of scenarios, such as processes that have predefined rules and minimal human judgment involved. It primarily helps automate repetitive processes and in turn reduce manual efforts. Significant advantages such as improved customer experience and increased process efficiency are anticipated to drive the adoption of this technology in near future.

Machine learning, autonomics, natural language processing, and machine vision, among others are some of the building blocks of intelligent process automation. Machine learning refers to the ability of computer systems to improve its performance by exposure to data without the need to follow instructions. Autonomics relates to systems designed to perform routine tasks and operations by humans. It is used at back office centers performing rule-based, high volume tasks. Natural language processing refers to the ability of computers to identify objects and activities in the images. It makes use of sequences of image processing operations to analyze the images. Whereas, machine vision refers to the ability of computers to interpret human language and perform an appropriate action.

IBM Corporation, Accenture, Wipro Limited, Infosys Limited, Cognizant, KPMG, and Capgemini are some of the major service providers operating in the intelligent process automation market. IBM Corporation happens to be one of the leading providers in execution as it is pragmatically scaling out selected core technologies. Whereas, Accenture is one of the leading providers offering innovation-based AI solutions. The company’s intelligent automation platform integrates four essential parts, namely, intelligent automation, delivery management, business workflow management, and analytics and insights, with a neutral Enterprise Resource Planning (ERP) interface at the core. The platform permits seamless communication with client systems and external data sources, respectively. Accenture has also established a cross-company Artificial Intelligence Governance Committee, as well as a Growth and Strategy Working Group comprising seniors from each of the company’s five business groups. The Artificial Intelligence Lab located in Dublin is focused on promoting partnerships with accelerators, start-ups, and universities across the globe.

Intelligent process automation offers greater flexibility, is easy to implement, and has a shorter payback period, making it a better alternative to the traditional IT solutions. However, the implementation of intelligent process automation is raising concerns from skeptics owing to assumed job losses due to automation. However, the research is claiming that only 20% of people are saying that it is affecting human jobs in the long run. Implementation of intelligent process automation solutions shall provide companies with a competitive advantage by simplifying and fastening the business process operations, and hence saving a lot on operational costs.

List of Key Players in Intelligent Process Automation Market

·         Blue Prism

·         Capgemini

·         Cognizant

·         HCL Technologies Limited

·         IBM Corporation

·         Infosys Limited

·         Pegasystems Inc.

·         Atos Syntel Inc.

·         Tata Consultancy Services Limited

·         Tech Mahindra Limited

·         UiPath

·         Wipro Limited

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Intelligent Process Automation Market Report Highlights

·         Solution component segment held the dominant market share of more than 64% in 2018

• Consulting services segment dominated the market in 2018 and is projected to reach USD 2.73 billion by 2025
• Machine learning technology segment dominated the market with revenue share of 32% in 2018
• North America region dominated with a market share of over 36% in 2018

Related Press Release@ Intelligent Process Automation Market Report

 

Intelligent Process Automation Market Segmentation

Grand View Research has segmented the global intelligent process automation market on the basis of component, service, technology, vertical, and region:

Intelligent Process Automation Component Outlook (Revenue, USD Million, 2015 - 2025)

• Solution
• Service

Intelligent Process Automation Service Outlook (Revenue, USD Million, 2015 - 2025)

• Consulting
• Design & Implementation
• Training & Support

Intelligent Process Automation Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Machine Learning
• Natural Language Processing
• Virtual Agents
• Computer Vision
• Others

Intelligent Process Automation Vertical Outlook (Revenue, USD Million, 2015 - 2025)

• BFSI
• Healthcare
• Retail
• IT & Telecom
• Manufacturing
• Others

Intelligent Process Automation Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Automotive Telematics Market to Reach $170.43 Billion By 2030

 

The global Automotive Telematics Market size is expected to reach USD 170.43 billion by 2030 with a CAGR growth of 16.6% over the forecasted period, according to a new report by Grand View Research, Inc. Increasing emphasis on improving the fuel efficiency, improvement in tracking vehicle location & speed and, rising focus on the passenger safety & experience are factors driving the growth of the market.

Besides, the increasing government emphasis on the development of safer and smarter infrastructure by improving internet connectivity is expected to propel the growth of the market during the forecast period. For instance, in 2016 Russian government mandated the implementation of the emergency call-built system in the locally built and sold vehicles in the country, the law has similar standards based in Europe.

Increasing integration of the real-time fleet management and monitoring system by the OEM is driving the demand for automotive telematics systems in the market. For instance, In August 2022, Lighting eMotors launched Lighting Insights, it is an extension of the existing telematics system to manage and monitor the lighting fleet assets in real-time. The telematics system monitors the state of charge, vehicle efficiency, location, charge time scheduling, driving hours, payment method, load management, and others.

The cybersecurity of the automotive telematics system is one of the major concerns for automobile manufacturers in the market. The telematics systems software is connected through Wi-Fi, and Bluetooth in the vehicle. The real-time data procured through these softwares have a high possibility of tampering during cyber-attacks. Thus, to overcome these challenges key players such as Lighting eMotorf automotive telematics is offering encrypted 4G connection for real-time monitoring of the real-time analytics models.

Increasing integration of the automotive telematics system in the vehicle to track driver behavior and tendencies has benefited the insurance companies at large.

As, the data collected through the car telematics system is used for determining the policy cost of the vehicle, and their insurance premium. Thus, the rising demand for vehicle data collection through telematics devices by the insurance sector is expected to create new growth opportunities for the market.

List of Key players in the Automotive Telematics Market

• Ford Motor Company
• Toyota Motor Corporation
• Mercedes-Benz AG
• Volkswagen AG
• General Motors Company
• BMW Motors
• AB Volvo
• Hyundai Motor Company
• Tata Motors
• Nissan Motor Co., Ltd.

Related Press Release@ Automotive Telematics Market Report

Automotive Telematics Market Report Highlights

• The market for automotive telematics is valued at USD 49.85 billion in 2022 and is projected to witness considerable growth during the forecast period
• The rising use of cloud-based technology and increase implementation of the real-time fleet management system in vehicles is driving the market
• The government’s initiatives to boost cellular network service and connectivity infrastructure in the emerging economies of the world is expected to create new growth opportunities for the market
• North America region is expected to witness significant growth in the market; the growth of the region is attributed to government mandates to implement a security system
• Increasing automobile manufacturers’ focus on developing telematics systems compatible with all vehicle models regardless of the automaker is propelling the growth of the market

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Automotive Telematics Market Segmentation

Grand View Research has segmented the global automotive telematics market based on technology type, solution type, vehicle type, sales channel, application type, and region:

Automotive Telematics Technology Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Embedded
• Tethered
• Integrated

Automotive Telematics Solution Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Component
• Service

Automotive Telematics Vehicle Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Passenger
• Commercial

Automotive Telematics Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• OEM
• Aftermarket

Automotive Telematics Application Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Information & Navigation
• Safety & Security
• Fleet Management
• Insurance Telematics
• Others

Automotive Telematics Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East and Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com