Nov, 07 2023

SAMSUNG SDS., Onity (a subsidiary of Carrier) and igloocompany Pte Ltd are Dominating the Latin America Smart Locks Market in 2021

Latin America Smart Locks Market is expected to grow with the CAGR of 11.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Latin America smart locks market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Latin America smart locks market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

In 2020 June, Kwikset brand of Spectrum Brands, Inc. have decided to introduce Halo Touch Wi-Fi Smart Lock at CES 2020. Using the latest technology to create a convenient and secure smart home experience, Halo Touch Smart Lock provides homeowners access to their home via fingerprint. This development helps the company to increase revenue.

SAMSUNG SDS is the market leader in Latin America smart locks market. Other players in the market are Onity (a Subsidiary of Carrier), GANTNER Electronic GmbH, CANDY HOUSE, INC., Spectrum Brands, Inc., Master Lock Company LLC., Avent Security, SAMSUNG SDS. and igloocompany Pte Ltd. among others.

SAMSUNG SDS.

SAMSUNG SDS is headquartered in Seoul, Korea as public ownership and founded in 1999. The company is engaged in the manufacturing of smart locking products. The company have business segment which are logistic BPO and IT Service out of which our focused category is IT services. The company have product category which are smart home, digital home and smart doorlock out of which digital home is market focused category.

The company has wide global presence across the Asia-Pacific, Europe, North America, South America and Middle East and Africa. The company have subsidiaries which are Miracom Inc Co., Ltd. (Kores), SECUi Corp. (Korea), SAMSUNG SDS Global SCL Egypt Co. Ltd. (Egypt), Samsung SDS India PVt. Ltd. (India), and Samsung SDS America, Inc. (America) among others.

For instance,

In May 2021, SAMSUNG SDS has decided to expand its intelligent AI contact center business which helps to maintain security of data. This development helps the company to increase revenue

Onity (A Subsidiary of Carrier)

Onity (a subsidiary of Carrier) is headquartered in Oregon, U.S. and it was founded in year 1941 as private ownership. The company is engaged in the manufacturing of intelligent electronic locking solutions. The company offers wide range of product categories such electronic locking solutions, mobile access solutions, electronic safes and energy management systems under which electronic locking solutions is market focused category.

For instance,

In October 2020, Onity has decided to launch a new product name called Serene, designed for aesthetically minded, high-end hotels. This small-form-factor lock combines both elegant design and leading-edge DirectKey mobile access technology. This development helped the company to increase revenue and product portfolio

The company has presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. The company have several subsidiaries which are Onity Comercial, S.A. de C.V. (U.S.), and Senercomm Inc. (U.S.).

igloocompany Pte Ltd

igloocompany Pte Ltd is headquartered in Singapore as private ownership. The company develops systems with smart access technologies where homes and properties can be managed remotely. The company has product category which are Rim Lock, Mortise 2+, Mortise 2, Deadbolt 25, Keybox 3, Padlock, Key Fob. All of which are market focused products.

For instance,

In 2020, igloocompany Pte Ltd has decided to launch of new parent company ‘Igloocompany’ as it could lead to potential business growth in the enterprise segment. The company is engaged in the production and sale of intelligent locks in different countries. This development helped the company to increase revenue

The company has wide global presence in Asia-Pacific, Americas, Europe and Middle East and Africa.

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