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Global Smart Locks Market Analysis, Growth Trends, Management Strategies & Forecasts - ResearchAndMarkets.com

[July 17, 2018]

Global Smart Locks Market Analysis, Growth Trends, Management Strategies & Forecasts - ResearchAndMarkets.com

The "Global Smart Locks - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.

Smart locks are keyless electronic locks that are operated by wireless communication technologies such as Wi-Fi, Bluetooth, or both. They are highly secured and convenient compared with traditional locks and can be controlled by smartphones and smartwatches. The rise in demand for NFC and BLE-enabled smart locks from the automobile industry for enhancing access and security of vehicles such as cars will contribute to the accelerating momentum for the category during the forecast period.

The report provides actionable insights to improve source-to-contract cycle performance in the Global Smart Locks Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and impement sourcing best practices.

One of the procurement best practices for buyers is to procure from suppliers that offer smart locks in sync with other automation products.

According to the report, one of the key growth contributors for the global smart locks market is the rising demand for smart deadbolts from construction and banking industries.

Further, the report states that one of the key category management strategies for the buyers in the global smart locks market is to focus on attaining cost savings by partnering with suppliers that provide connectivity setups over the layer of existing retrofit locks.

Companies Mentioned