Artificial Intelligence
Smart Lock Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
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New York, March 28, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Smart Lock Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” – https://www.reportlinker.com/p06437560/?utm_source=GNW
As per Oberlo, a global e-commerce company, in 2022, the number of smartphone users worldwide was 3.5 billion, representing a penetration rate of about 45.4% of the global population of 7.7 billion individuals. In other words, almost four out of every ten people worldwide own a smartphone.
Global Smart Lock Market shall expand at a CAGR of 15.35% from 2022 to 2030
Smart locks provide remote access control to homes or properties, eliminating the need for physical keys and offering convenience. They also provide advanced security features like encryption, tamper detection, and two-factor authentication, making them more difficult to hack or break. In addition, smart locks integrate well with other smart home appliances like security cameras and virtual assistants, driving their increasing popularity.
Smart locks offer flexibility by enabling temporary access to guests and service providers, increasing their popularity. In addition, technological advancements like the Internet of Things (IoT), Machine Learning (ML), and Artificial Intelligence (A.I.) have made smart locks more affordable and accessible, driving broader adoption. Furthermore, the COVID-19 pandemic has also increased demand for contactless solutions, leading to a surge in intelligent lock demand as an alternative to physical keys or contact-based access systems. Hence, the market value for Global Smart Lock Market was US$ 2.19 Billion in 2022.
Deadbolts have Hegemony in the Smart Lock Industry
Based on type, there are four divisions- Deadbolts, Lever Handles, Padlock, and Others. Deadbolts have dominated the smart lock market due to their high security, durability, and compatibility with most doors. Deadbolts prevent unwanted access by requiring the correct key or code to unlock the door. Additionally, deadbolt smart locks can easily integrate with existing deadbolts, eliminating the need for additional hardware or installation costs. They also offer a range of features, such as remote access and guest access, making them a popular choice for homeowners and renters seeking enhanced security and convenience.
Using Biometric Technology in Smart Locks offers Enhanced Security and Convenience, Fuelling its Demand
Keypads, RFID cards, Biometrics, and Wireless, are the different types of technologies used in smart locks. Biometric authentication offers a higher level of security than traditional locks and password-based authentication. They use unique physiological features like fingerprints, facial recognition, or iris scans to grant access, making it difficult for intruders to bypass the lock.
In addition, biometric smart locks eliminate the need for physical keys, which can be lost or stolen, and password-based authentication, which individuals can forget. Instead, users can use their biometric data to unlock the door, offering a more convenient and seamless user experience. Technology advances and adoption rates increase, and the cost of biometric smart locks have decreased, making them more accessible and affordable to consumers.
Increasing awareness of home technology, including smart locks, drives its usage in residential areas
The application of smart locks is prevalent in Residential, Commercial, Critical infrastructure, and other sectors. Smart locks enhance convenience, security, and flexibility compared to traditional locks by allowing remote control using smartphones or other internet-connected devices. Homeowners and renters can enjoy peace of mind knowing that their properties are better protected since smart locks are more challenging to pick, bump, or force open.
Additionally, homeowners can grant temporary access to guests or service providers without needing physical keys, and integration with other smart home devices provides additional convenience and security features. Finally, the increasing affordability and accessibility of intelligent locks make them a cost-effective alternative to traditional locks.
Online Distribution of Smart Locks will be High in the Future
Distribution of smart locks is possible through online channels and offline channels. The rise of e-commerce has made it more convenient for consumers to purchase products online, including smart locks, propelling the demand for online distribution of smart locks. Due to the absence of shelf space, online retailers can offer a broader range of smart locks than physical stores. They can also offer lower prices due to lower overhead costs. Moreover, online reviews and ratings can help consumers make more informed purchasing decisions. Finally, the COVID-19 pandemic has accelerated the shift to online shopping, including for smart locks, as people look for contactless ways to purchase products.
North America dominates the Smart Lock Industry
This report provides the market for the following regions North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The dominance of North America in the smart lock market in the region is majorly due to a high adoption rate of innovative home technology, with many homeowners and renters using smart locks as part of their overall intelligent home systems. According to Oberlo, in 2023, an estimated 60.4 million households in the U.S. will use smart home devices at least once a month, representing a 3% increase from the 57.4 million households reported in 2022.
North America’s high urbanization rate and the need for increased security in apartment buildings and condos, along with a well-developed e-commerce infrastructure, have contributed to the dominance of the smart lock market in the region. In addition, the presence of leading manufacturers and suppliers of innovative lock technology has also given North America a competitive advantage.
Key Players
Major companies competing in the market are Allegion plc, Avent, AssaAbloy, DormaKaba Holding AG, Samsung, Zhejiang Dahua Technology Co. Ltd., Spectrum Brands Holdings, Inc., and Panasonic Corporation.
In February 2022-Dormakaba completed the full acquisition of AtiQx Holding B.V.B.V., which helped expand its core business and services in the Netherlands. AtiQx is a prominent supplier of electronic access control and labor management in the relevant market.
The report titled “Global Smart Lock Market Global Forecast by Type (Deadbolts, Lever Handles, Padlock, and Others), Technology (Keypads, Rfid cards, Biometrics, and Wireless), Application (Residential, Commercial, Critical infrastructure, and others), distribution channel (Online, and Offline), Region (North America, Latin America, Europe, Asia-Pacific, and M.E.A), Company Analysis (Allegion plc., Avent, AssaAbloy, DormaKaba Holding AG, Samsung, Zhejiang Dahua Technology Co. Ltd., Spectrum Brands Holdings, Inc., and Panasonic Corporation.)” provides a detailed analysis of Global Smart Lock Industry.
Type – Market breakup from 4 Viewpoints:
1. Deadbolts
2. Lever Handles
3. Padlock
4. Others
Technology – Market breakup from 4 Viewpoints:
1. Keypads
2. Rfid cards
3. Biometrics
4. Wireless
Application – Market breakup from 4 Viewpoints:
1. Residential
2. Commercial
3. Critical infrastructure
4. Others
Distribution Channel – Market breakup from 2 Viewpoints:
1. Online
2. Offline
Region – Market breakup from 5 Viewpoints:
1. North America
2. Latin America
3. Europe
4. Asia-Pacific
5. Middle East and Africa
Company has been covered from 3 Viewpoints:
• Overview
• Recent Developments
• Revenue
Company Analysis:
1. Allegion plc.
2. Avent
3. AssaAbloy
4. DormaKaba Holding AG
5. Samsung
6. Zhejiang Dahua Technology Co. Ltd.
7. Spectrum Brands Holdings, Inc.
8. Panasonic Corporation
Read the full report: https://www.reportlinker.com/p06437560/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
Medasense Announces a Strategic Agreement With Global Medical Company, Nihon Kohden Corporation
RAMAT GAN, Israel, June 26, 2024 /PRNewswire/ — Medasense, a global leader in pain monitoring solutions, is proud to announce a strategic partnership with Nihon Kohden for the exclusive distribution of its revolutionary pain monitoring device in Japan. This partnership is intended to transform pain management practices across Japanese healthcare facilities, offering a significant advancement in patient care.
Nihon Kohden, renowned for its history of excellence in providing innovative high quality, reliable medical technology that improves the way healthcare is practiced, is partnering with Medasense to introduce its nociception monitor to the Japanese market. This cutting-edge device, with its state-of-the-art AI powered NOL – Nociception Level Index®, provides real-time, objective pain monitoring, enabling the personalization and optimization of pain treatment. It will be accessible to hospitals and clinics throughout Japan through Nihon Kohden’s extensive distribution channels pending regulatory approval.
Medasense’s CEO & Founder, Galit Zuckerman, expressed enthusiasm about the collaboration: “We are honored to partner with Nihon Kohden, a company with a long history of excellence, that shares our vision of improving patient care through innovative solutions. Our mission is to help all patients suffer less from pain and the adverse effects of pain medication. Nihon Kohden’s established clinical, technological leadership and expertise in the Japanese market make them the perfect partner to distribute our nociception monitor.”
NOL monitoring provides an AI powered, clinically validated index to objectively quantify the physiological response to pain (nociception) supporting clinicians in delivering personalized anesthesia tailored to patient requirements. With over 40 peer reviewed publications, clinical studies have demonstrated that NOL-guided analgesia resulted in intraoperative opioid sparing, and improved post operative pain scores and patient recovery.1,2
For more information about Medasense and Nihon Kohden, please visit www.medasense.com and www.nihonkohden.com/.
About Medasense and NOL – Nociception Level Index® Technology
Medasense is transforming pain management with its breakthrough technology that empowers clinicians to optimize and personalize pain control, significantly reducing the risk of pain or of overmedication. The company’s flagship product, the PMD-200™, equipped with the NOL-Nociception Level Index®, leverages advanced artificial intelligence and a proprietary non-invasive sensor system. This unique platform provides objective monitoring and quantification of a patient’s pain response, making it an essential tool in an operating room and critical care unit settings where patients cannot communicate their pain levels. The PMD-200 is the first and only monitor to be authorized by the FDA for pain measurement for anaesthesiology. It has been used in over 100,000 surgeries worldwide, and is commercially available in the US, Europe, Canada, Latin America and Israel.
Watch Medasense’s 1-minute video
About Nihon Kohden
Founded in 1951, Nihon Kohden is a global leader of medical solutions with the goal to improve healthcare with advanced technology. For more than 70 years, Nihon Kohden has continued to provide a wide range of medical electronic equipment including EEG, EMG/EP measuring systems, electrocardiographs, bedside monitors, defibrillators, AEDs, ventilators, and hematology instruments.
Nihon Kohden utilizes cutting-edge technology to support medical treatment in all clinical areas, integrating medical devices into the IT network to meet customers’ requirements and offers a wide, comprehensive solution.
For further information please contact:Rachel Weissbrod, VP Clinical & Market Development, [email protected]
1. Meijer, F., Honing, M., Roor, T., Toet, S., Calis, P., Olofsen, E., Martini, C., van Velzen, M., Aarts, L., Niesters, M., Boon, M., Dahan, A. (2020). Reduced postoperative pain using Nociception Level-guided fentanyl dosing during sevoflurane anaesthesia: a randomised controlled trial. British Journal of Anaesthesia, In Press. DOI:https://doi.org/10.1016/j.bja.2020.07.057
2. Fleur S. Meijer, Chris H. Martini, Suzanne Broens, Martijn Boon, Marieke Niesters, Leon Aarts, Erik Olofsen, Monique van Velzen, Albert Dahan. Nociception-guided versus Standard Care during Remifentanil–Propofol Anesthesia: A Randomized Controlled Trial. Anesthesiology (2019); 130:745–755
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Artificial Intelligence
IoT Sensors Market Set to Surpass USD 107.74 Billion by 2031| SkyQuest Technology
WESTFORD, Mass., June 26, 2024 /PRNewswire/ — According to SkyQuest, the global IoT Sensors Market size was valued at USD 11.20 Billion in 2022 and is poised to grow from USD 14.40 Billion in 2023 to USD 107.74 Billion by 2031, at a CAGR of 28.60% during the forecast period (2024-2031).
IoT sensors are sensors that are specifically designed for Internet of Things (IoT) devices and applications. High adoption of IoT devices and growing advancements in IoT technologies are fostering demand for novel IoT sensors. The global IoT sensors market is segmented into sensor type, vertical, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/iot-sensors-market
IoT Sensors Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 14.40 billion
Estimated Value by 2031
$ 107.74 billion
Growth Rate
Poised to grow at a CAGR of 28.60%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Sensor Type, Network Technology, and Vertical
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Proliferation of Smart Devices
Key Market Drivers
Advancements in Wireless Communication Technologies
Segments covered in IoT Sensors Market are as follows:
Sensor TypeTemperature Sensor, Pressure Sensor, Humidity Sensor, Flow Sensor, Accelerometer, Magnetometer, Gyroscope, Inertial Sensor, Image Sensor, Touch Sensor, Proximity Sensor, Acoustic Sensor, Motion Sensor, Occupancy Sensor (Image Processing Occupancy Sensors, Intelligent Occupancy Sensors), CO2 Sensor, Other Sensors (Light sensor, Radar sensor)Network TechnologyWired (KNX, LonWorks, Ethernet, MODBUS, DALI), Wireless (Wi-Fi [Bluetooth Smart, Wi-Fi Bluetooth Smart, Bluetooth Smart / Ant+, Bluetooth 5]), ZIGBEE, Z-WAVE, NFC, RFID, ENOCEAN, THREAD, GLoWPAN, WIRELESS-HART, Frocess field bus, DECT-ULE, Others (ANT+, ISA100, GPS, Sub-Gig, and Cellular)VerticalConsumer (Home automation, Smart cities, Wearable electronics), Commercial (Retail, Aerospace and Defense, Logistics and supply chain, Entertainment, Financial Institutes, Corporate Offices), Industrial (Energy, Industrial Automation, Transportation, Healthcare, Smart agriculture)Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/iot-sensors-market
Pressure Sensors Keeping Up the Pressure in IoT Sensors Market
Pressure sensors are used in cars as well as industrial facilities used to make cars and are a vital part of almost all kinds of technical devices or products. Pressure sensors play a vital role in maintaining the safety of multiple operations by keeping the pressure in check and warning users when it reaches unsafe levels. High emphasis on security around the world is projected to promote the demand for pressure sensors in the future. Aerospace, healthcare, and manufacturing are some key industry verticals where demand for pressure sensors will always be high.
The rapid surge in the use of gesture-sensitive devices all over the world is promoting the demand for accelerometer sensors. From factory automation to smart homes, the use of accelerometer sensors is projected to soar high over the coming years. Rising sales of fitness trackers and gaming consoles are also estimated to bolster the demand for accelerometer sensors in the future.
Temperature sensors are also anticipated to be highly popular in multiple IoT devices owing to the surging demand for temperature monitoring and control in various applications. Temperature sensors are also highly vital in maintaining the safety of IoT devices and surroundings to avoid mishaps due to excessive increases or drops in temperatures. Other types of sensors include motion sensors, light sensors, CO2 sensors, occupancy sensors, gyroscopes, proximity sensors, etc. All these different types of sensors are highly crucial for sustained IoT sensors market growth across the forecast period and beyond, therefore investing in any of these could help market players bolster their share.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/iot-sensors-market
High IoT Adoption Allows Industrial Vertical to Take Crown in Revenue Generation
The use of IoT technologies in the industrial vertical is increasing rapidly, which is why this sub-segment holds prominence in the global IoT sensors market. High demand for automation and increasing use of IoT devices to achieve the same are slated to foster new opportunities for IoT sensors market players in this segment. High adoption of the Industry 4.0 trend is also helping this sub-segment boost the demand for IoT sensors. Development of smart infrastructure is also boosting the demand for IoT sensors in the commercial vertical. From healthcare to construction, multiple industry verticals are promoting the use of IoT technologies and thereby driving sales of IoT sensors as well.
Pressure sensors for IoT devices and IoT sensors for industrial verticals are projected to be highly popular. IoT sensor companies should invest in these sub-segments to get the best return on their investments. Meanwhile, new companies can experiment with other segments to find what suits the best for their business and focus on the same. As per analysts, investing in the development of novel proximity and accelerometer sensors will be highly rewarding for upcoming IoT sensor companies.
Related Reports:
Sensor Market
Internet Of Things (IoT) Market
Internet Of Things (IoT) Professional Services Market
IoT Security Market
5G IoT Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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Artificial Intelligence
Actian Recognized as Exemplary Vendor in Ventana Research Data Platform Buyers’ Guide
Strength in Manageability and Customer Experience Earn Actian High Regard in Ventana Research Report
ROUND ROCK, Texas, June 26, 2024 /PRNewswire/ — Actian, the data and analytics division of HCLSoftware, today announced it was named an Exemplary vendor and Overall Leader in Manageability in Ventana Research’s 2024 Data Platform Buyers’ Guide for the Actian Data Platform. Ventana’s extensive approach to the Buyers’ Guide evaluates Operational and Analytic Data Platform vendors in seven key categories that are weighted to reflect product and customer experience.
“The launch of Actian Data Platform was a significant step forward for Actian that combined its capabilities for data integration, with the company’s operational databases and analytic databases,” said Matt Aslett, director of research at Ventana Research, now part of ISG. “Providing a single environment that can manage data across multiple clouds as well as on-premises contributed to Actian being classified as Exemplary and a Leader in Manageability in Ventana Research’s Buyers Guides for Analytic Data Platforms, Operational Data Platforms and Overall Data Platforms.”
For Operational and Analytic Data Platforms, Actian was ranked highly for customer experience alongside vendors such as Google Cloud and Salesforce. Customers praised Actian’s strong product roadmap, use cases, and references available on its website, which provide valuable insights to prospective buyers. In addition, Actian was designated as a Leader in Manageability due to its strong license, use, and audit capabilities.
“Being recognized as an Exemplary vendor and a leader in Manageability is a testament to our commitment to delivering user-friendly and robust data management solutions,” said Jennifer Jackson, Chief Marketing Officer at Actian. “We are dedicated to supporting our customers throughout their entire journey with our products, ensuring they have the tools and support they need to succeed. This recognition by Ventana Research validates our efforts and motivates us to continue enhancing our platform to meet and exceed customer expectations.”
To learn more about Actian’s designation in the report please read this blog post and download the report here.
About ActianActian makes data easy. We deliver cloud, hybrid, and on-premises data solutions that simplify how people connect, manage and analyze data. We transform business by enabling customers to make confident, data-driven decisions that accelerate their organization’s growth. Our data platform integrates seamlessly, performs reliably, and delivers industry-leading speeds at an affordable cost. Actian is a division of HCLSoftware.
Media Contacts
Danielle LeeSenior Director – Global Analyst Relations & Public [email protected]
Ali WheelerPublic Relations [email protected]
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