ASSA ABLOY is set to lead smart residential solutions in APAC

Real Estate Press Releases Wednesday September 16, 2020 10:48
HONG KONG--16 Sep--PRNewswire/InfoQuest
A strategic innovation roadmap ensures ASSA ABLOY Group has the foresight, resources, and technology to lead the smart home trends in Asia Pacific.

The APAC smart homes market is expected to have stable growth, at an estimated CAGR of 16% over the coming years. Besides the wide adoption of smartphones and increased internet connectivity, government policies have a role to play. Government organizations across the region such as China, Japan, Singapore, and India have pledged to develop advanced smart cities which enable smart home applications.

ASSA ABLOY Opening Solutions APAC is putting customers on track to curate an ecosystem of smart home solutions with its world-renowned residential brand, Yale. The smart home solution starting with smart locks that come with the Yale Access app and can be paired with the Connect Wi-Fi Bridge enables a smooth transition from mechanical to advanced features.

"Our products are at the center of our innovation agenda," says Troy Jackson, Managing Director for Smart Residential and E-Business at ASSA ABLOY Open Solutions APAC. "The smart door lock is a manifestation of ASSA ABLOY's systematic innovation strategy founded on process, product, and organization."

ASSA ABLOY's product innovation process is based on a structured gateway approach in unpacking market and customer insights to identifying opportunities. Product ideas are thoroughly strategized and prototyped to maximize success the first time around.

New products have to be sustainable in terms of material, manufacturing, logistics, and disposal. Next, generation planning staggers the launch of new technologies to hit the market at the right time.

Up to 2,800 research and development employees globally are supporting the evolution of smart products at the ASSA ABLOY Group. A network of engineers and over 9,000 registered patents, trademarks, and designs maintain the company's reputation as a world leader in access solutions. In Asia Pacific, a team of app developers, firmware experts, and cloud engineers based in Shanghai develops and customize smart residential solutions for the region.

These focus areas ensure ASSA ABLOY invests in ideas that are the building blocks of the smart home future.

"Ultimately, it is about delivering consumers peace of mind where consumers trust that their front door is secure while making it easy and convenient to enjoy all the other benefits of smart locks from allowing friends and family access or always knowing whether your door is locked," Jackson added.

Latest Press Release

CBRE Joins Hands with 12 Premier Residential Projects to Launch Year-End Grand Sale 2020 Campaign

CBRE, a leading international property consultant, has joined hands with developers of 12 premier residential projects in Bangkok in the 'CBRE Year-End Grand Sale 2020’ campaign from 21 October – 30 November 2020 as a response to the...

Grand Opening of the 25th China (Guzhen) International Lighting Fair

On October 22, 2020, the opening ceremony of the 25th China (Guzhen) International Lighting Fair (GILF) theming on "Guzhen Lights up the World" was held grandly at Guzhen Convention and Exhibition Center, Zhongshan City, Guangdong Province. With the...

IHG to open Thailand’s largest Crowne Plaza in the heart of Bangkok

InterContinental Hotels Group (IHG(R)) has signed an agreement with Sukhumvit Centre Point Co., Ltd. to take on management of Grand Sukhumvit Bangkok hotel in 2021. The 386-room hotel will rebrand as Crowne Plaza Bangkok Grand Sukhumvit by end of 2021...

Asset World Corporation is Thailand’s First Real Sector Company to Receive a Green Loan from the World Bank Group’s IFC

Asset World Corp Public Company Limited (AWC), Thailand's leading integrated lifestyle real-estate group, is the first real estate group in the country to receive a green loan from the International Finance Corporation (IFC), a member of the World Bank...

Frasers Property Thailand embarks on its 'One Platform’ journey as the first fully integrated real estate platform thriving to be the 'Top 3’ player

Frasers Property Thailand embarks on its 'One Platform’ journey as the first fully integrated real estate platform thriving to be the 'Top 3’ player in all asset classes in 2023 Frasers Property (Thailand) Public Company Limited or "FPT"...

Related Topics