Smart Locks for Residential Applications to Surge 2.7x through 2032, Capturing a Market Share Of 68%

A recently revamped Fact.MR report establishes that the global smart lock market is expected to surge at a CAGR of 16% from 2022 to 2032, reaching a value of US$ 19 Bn. This surge is attributed to the ever increasing demand for robust security solutions- both in commercial as well as residential settings. Hence, clients are opting for smart locking systems.   From 2017 to 2021, the industry surged at an impressive CAGR of 15%. During the COVID-19 pandemic, prospects remained largely optimistic. The imposition of lockdowns and stay-at-home directives prompted end users to beef up their existing security systems to prevent possible incidences of break-ins and thefts.   Countries across the world are leveraging advancement in infrastructural technology such as smart surveillance, enhanced sensors, and mobile control of security systems. Market players are heavily investing in research and development of smarts locks to increase convenience and enhance security.   For More Insights into the Market, Request a Sample of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=4669   Key Takeaways from the Market Study * Global smart lock market to be valued at US$ 4.31 Bn by the end of 2022 * Smart locks for residential applications to surge 2.7x through 2032, capturing a market share of 68% * Deadbolt smart locks to accumulate a revenue share exceeding 2/5th of global market value * Lever handler smart locks to experience a staggering 17% CAGR increase through 2032 * U.S to accumulate a revenue share exceeding 40% across 2022 and beyond * South Asia & Pacific to be the fastest growing market, clocking a 22% CAGR   “Many new innovations today are aiming to make homes smarter and everyday life easier, now achievable due to superior data analytics and the advent of artificial intelligence.” comments a Fact.MR analyst   Competitive Landscape Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.   * In February 2021, Allegion Plc. introduced the new Schlage Ease™ range of smart locks that are easy to install and use, but with maximum features. These locks are available in either deadbolt or entry lock versions and offers affordable style, convenience and security with modern smart functionality for any home. * In September 2021, ASSA Abloy has signed a definitive agreement to acquire the Hardware and Home Improvement (“HHI”) division of Spectrum Brands for a purchase price of MUSD 4300 on a cash and debt free basis.   Request More Information About Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=4669   Key Segments Covered in the Smart Lock Industry Analysis * By Type * Deadbolt Smart Locks * Lever Handle Smart Locks * Smart Padlocks * Other Smart Locks   * By Application * Smart Locks for Residential Applications * Smart Locks for Hospitality Industry * Enterprise Smart Locks * Smart Locks for Critical Infrastructure * Other Smart Locks Applications   Which is Likely to be the Dominant Application Area for Smart Locks?   Residential applications of smart locks will continue to lead the application type segment with over 68% of the total market value share. The residential segment will grow 2.7x through 2032. The highest growth is recorded in enterprise applications of smart locks.   The increasing digitization of the workforce and business operations acts as a fertile landscape for the smart lock market to grow over 3x during the forecast period. Advantages such as enhanced security amid the increasing need for data security is propelling the demand from enterprise applications of smart locks.   For In-Depth Competitive Analysis, Buy now: https://www.factmr.com/checkout/4669   Rising Demand for Smart Security Solutions Spurring Uptake   The United States accounts for a lion’s share of over 62% of the total market value. Developed countries such as the US drive sales in this region. Smart locks are catching on in a big way, according to a research report published by Fact.MR   According to the researchers, 1/4TH of U.S. broadband households plan to purchase a smart lock in the upcoming year — and more than a third (35%) of U.S. broadband households contemplate smart locks to be reasonable.   Increasing security concerns in residential, as well as, commercial properties is a major contributing factor to double-digit growth of 14% during the projection period. Gantner Electronic GmbH, Schlage, and Wyze Labs Inc. are among the prominent players serving the Smart Locks market in North America. With the intensifying trend of autonomous vehicles worldwide, the demand for innovative and smart locks for cars is augmenting.   The creators are centring on the growth and integration of digital keys for the cars by implementing the ultra-wideband (UWB) technology. The combination of ultra-wideband technology in the smart keys offers enhanced precision, security, and real-time localization abilities unsurpassed by other wireless technologies that comprise Bluetooth, Wi-Fi, and GPS.
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Left Coast Crime conventionLeft Coast Crime convention Tucson, USA

  Left Coast Crime is an annual mystery convention sponsored by mystery fans, both readers and authors. LCC is held during the first third of the year in Western North America. Conventions have been held from Anchorage to El Paso, from Boulder to Hawaii, and various locations in between. Our purpose is to host an […] The post Left Coast Crime conventionLeft Coast Crime convention Tucson, USA first appeared on Submit Events Online.
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Precision Farming Solutions for Yield Monitoring To Experience 3x Growth: Fact.MR Study

A recently revamped Fact.MR report states that the global precision farming market is poised to register an impressive 13% CAGR from 2022 to 2032, reaching US$ 20.36 Bn by the end of the aforementioned assessment period. Farmers are transitioning from traditional farming practices to precision farming due to the significant cost advantages afforded by mechanical agricultural technologies.   From 2017 to 2021, the industry experienced an uptick at a CAGR of 12%. Precision farming services, with significant backing from the scientific community, will replace traditional agricultural practices in a variety of nations and capabilities.   Weather patterns are rapidly changing as a result of global warming. Unpredictability in the weather is further enticing farmers to seek answers in precision agricultural technologies. The need for precision farming is being driven by the requirement for optimal productivity in the face of limited resources.   For More Insights into the Market, Request a Sample of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=4593   Key Takeaways from the Market Study * Global precision farming market value to reach US$ 6 Bn by 2022-end * Precision farming guidance systems to account for over 2/5th revenue share * Precision farming solutions for yield monitoring to experience 3x growth * During the projected period, North America to accumulate a revenue share of 42% * Precision farming across Europe to contribute a quarter of the global market revenue * Over 70% of overall market revenue is accounted for by hardware items such as variability detectors. * Guidance systems that aid in agricultural vigilance, such as security, maintenance, and preventive care, account for more than 41% of total market revenue.   “Precision farming will become widely used in the future decade. The scarcity of resources, along with unpredictable weather patterns, is driving greater demand for precision farming equipment,” says a Fact.MR Analyst   Competitive Landscape Leading players are active in awareness campaigns that address the pressing issue of soil degradation and educate farmers on the benefits of precision farming. Industrialized farms use automated machinery to assure a consistent level of output yield. Farmers are investing in farm digitization to improve security.   * In January 2022, John Deere & Co. introduced its line of autonomous tractors at the Consumer Electronics Show organized in the first week of the month, as a part and parcel of its endeavor to expand its footprint in the precision agriculture domain * In April 2021, Trimble Inc. forged a collaborative agreement with HORSCH- one of the leading manufacturers of agricultural technology globally- to establish a future for autonomous machines and workflows in the agricultural industry. The companies are currently implementing a high level of automation and driver support with steering systems, which allows a driver to perform additional in-cab tasks during active field work.   Request More Information About Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=4593   Key Segments Covered in Precision Farming Industry Survey * Application * Precision Farming for Yield Monitoring * Precision Farming for Field Mapping * Precision Farming for Crop Scouting * Precision Farming for Weather Tracking & Forecasting * Precision Farming for Irrigation Management * Precision Farming for Inventory Management * Precision Farming for Farm Labor Management * Precision Farming for Other Applications   * Technology * Precision Farming Guidance System * Remote Sensing Precision Farming * Variable-Rate Technology Precision Farming   * Offering * Precision Farming Hardware * Precision Farming Software * Precision Farming Services   Guidance Systems Open the Door to Future Growth   As industrialized row crop farms expand, there is an urgent need to map production plans, automate sowing methods, assess soil variability, and assure appropriate input use (fertilizers, pesticides). Guidance systems that assist map and track numerous farm parameters account for more than 41% of total market value.   Other technologies, such as remote sensing and variable rate technology, account for 58% of the total. Remote sensing is gaining momentum with customers due to its capacity to identify soil variations and maintain agricultural security. Variable rate technology, on the other hand, has the highest growth rate during the forecast period. The growing awareness of the negative effects of chemically loaded agricultural systems drives the usage of variable rate technologies to solve soil fertility imbalances   For In-Depth Competitive Analysis, Buy now: https://www.factmr.com/checkout/4593   What are the Growth Prospects for Precision Farming Market in the U.S.? North America precision farming market controls the majority accounting for more than 42% of overall market value. Highly industrialized row crop farms in wealthy nations such as the United States are driving demand for precision farming technology that enhance crop productivity on less area.
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CREW Network Convention and Marketplace, Chicago USA Conference

The CREW Network Convention and Marketplace brings together more than 1,200 commercial real estate leaders annually for deal-making, business networking, industry education, and leadership development. If the attendees are looking to expand their business network and learn about the latest trends, technologies and innovative projects in the industry, this event is for them. The post CREW Network Convention and Marketplace, Chicago USA Conference first appeared on Submit Events Online.
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Haulage and Loading Exhibition and Conference Tucson, USA

Mining Media International decided to cancel Haulage & Loading 2021, which was supposed to take place March 15-17 at the El Conquistador in Tucson, Arizona. Throughout the planning process for this event, we had hoped it would be timed well with the COVID-19 recovery. With a second wave of infections sweeping across the country, that […] The post Haulage and Loading Exhibition and Conference Tucson, USA first appeared on Submit Events Online.
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National School Boards Association Annual Conference, Chicago USA

National School Boards Association Annual Conference is the leading platform for public education. It is the one national event that brings together education leaders to learn about best governance practices, gain insight into child development and learn about new programs and technology that can help enrich student learning. The post National School Boards Association Annual Conference, Chicago USA first appeared on Submit Events Online.
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American Folklore Society Annual Meeting

The American Folklore Society is a membership organization dedicated to supporting the individuals and organizations engaged in the study and advancement of folklore and expressive cultural traditions throughout the world. AFS serves its members and the general public by providing programming, publications, policies, and resources examining and affirming the diversity of human creativity across time, […] The post American Folklore Society Annual Meeting first appeared on Submit Events Online.
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