Global Access Control Market Growing 7.49% Annually, Report Says
Electronic locks are projected to be the fastest-growing segment of the access control market.
Electronic locks are projected to be the fastest-growing segment of the access control market.
Instead, it’s believed that manufacturers seizing market share from competing vendors is fueling the increased supply concentration.
The research into the use of smart homes was conducted by Parks Associates.
According to Transparency Market Research, security joins lighting, entertainment, power management and HVAC control as the top applications of smart home technology.
The global market is projected to be growing annually at a rate of 7.9%.
Consumer electronics application is expected to hold the largest share of the IoT communication protocol market by 2022.
North America is expected to dominate the market due to large adoption of video surveillance systems.
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North America dominated the market in 2015. More awareness of energy savings as a result of smart home technology is one of the factors for the anticipated growth.
This session will help integrators better understand the needs and market demands of their retail customers.
Take a closer look at all the recurring monthly revenue trends from our 2021 research
