Cracking the Code: South Korea’s Digital Locks Market growing rapidly – Who are the Key Growth Drivers? : Ken Research

From smart homes to commercial establishments, digital locks have become an integral part of South Korea’s security landscape. With a strong emphasis on enhanced security, South Korea has implemented various policies and strategies to promote the widespread adoption of digital locks. These measures ensure a seamless transition towards advanced security solutions and drive the market’s… Read More »

The digital lock market size in South Korea is expected to grow to 530 Mn in 2027. Will South Korea’s digital locks market stand on this projected figure? : Ken Research

1. Growing E-Commerce Industry For more information, request a free sample Report The e-commerce market in South Korea is projected to reach $101.8 Bn in 2023, driven by the increasing popularity of online shopping and home delivery and thereby, increasing the demand for digital locks with features such as delivery box integration and remote access… Read More »

In South Korea, 2 Mn Digital Locks Were Sold In 2022. Will South Korea Encourage The Market For Digital Locks To Ensure That This Number Keeps Rising In The Future? : Ken Research

1. High Population Density and Urbanization in South Korea For more information, request a free sample Report There is high demand for digital locks in South Korea due to the country’s high population density (516.3) and urbanization (81.4%). Residential apartments in Songdo and Sejong whereas hotels in Seoul and Busan prefer digital locks for convenience… Read More »