IGLOOCOMPANY US PRESENCE TARGETS SLICE OF US$46 BILLION SMART HOME MARKET

KUALA LUMPUR, Oct 8 (Bernama) -- igloocompany, the Singapore-based smart access solutions provider, has announced establishment of a United States team and office.

Despite the looming effects of the pandemic, they aim to propel growth by three-fold, targeting a slice of the US$46 billion smart home market over the next few years. (US$1 = RM4.180)

igloocompany charges on into expansion mode with plans to deploy one million devices in the US across the next three years.

With continuous innovation, they are poised to mark their entry with their first IoT Deadbolt. This product is part of the iglooworks access solution for real estate and property management verticals which is projected to grow to US$339 billion in 2024 at a CAGR of 3.37 per cent.

The IoT Deadbolt is the newest addition to the enterprise suite of solutions, supported by igloodeveloper for seamless integration into existing workflows and platforms. The full-stack solution is designed to help property management firms manage access on a scalable level.

"igloocompany is at a very exciting stage of growth which brings us a step closer to our vision of A World without Keys. The potential is better than ever in the US with new ways of going about our lives.

“We also compete on the basis of superior value proposition based on proprietary IP, innovation and strong brand attributes,” said igloocompany CEO & co-founder, Anthony Chow in a statement.

igloocompany has 13 regional offices including in Texas, United States.

-- BERNAMA