Ann: Xped Executes Global Licensing Agreement with Leapin, page-54

Nice sector to have a deal in with these explosive growth forecasts. WOW %75 in the next four years, in my opinion Xped and Leapin with be a force to be reckoned with using our tech and should capture a large portion of this.

GLOBAL SMART LOCK MARKET 2016-2020
Table of Contents
January 20, 2016
SKU:
IRTNTR8175
This market study report includes a detailed segmentation of the global smart lock market by product type (Bluetooth-based smart lock and Wi-Fi-based smart lock). It also outlines the market shares for key regions like the Americas, EMEA, and APAC. The leading vendors analyzed in this market research are August, Goji, Haven, UniKey, and Yale.
Outlook of the global smart lock market
Technavio’s market research analyst predicts the global smart lock market to grow profoundly at a CAGR of more than 75% by 2020. The global market for smart locks is still in its nascent stage but is envisaged to grow at a rapid rate owing to its various security and convenience benefits. Moreover, its increasing application in various end-user segments like education, banking, and hospitality will bolster the prospects for market growth during the forecast period.

In this market study, analysts have estimated eminent factors, such as the increasing in-room security measures in hotels, to drive market growth during the predicted period. Recently, it has been observed that many hotel businesses are increasingly catering to the safety needs of international customers by implementing smart locks in their hotel rooms. These locks have a wide variety of features, such as digital displays, mechanical locking systems, master password facility, mechanical keys for emergency usage, external power supplies in case of battery failures, and a timer operated system, which help to increase customer loyalty by promoting the brand value of the hotel.