SMART LOCKS MARKET ANALYSIS
Smart locks are electronic and mechanical locking devices that open wirelessly using a wireless protocol and a cryptographic key. It also monitors and sends alerts for different events it monitors and some other critical events related to the status of the device. Smart locks are an integral part of smart homes, which allow homeowners to enter their homes without requiring a traditional key. As a connected device, smart locks are considered as a part of the Internet of Things (IoT). Many smart locks utilize mobile apps or websites allow homeowners to grant access to third parties by sending a virtual key. Some smart locks come with a camera, which provides a picture of individuals accessing the door. The global smart lockers market was valued for US$ 434.4Mn in 2019 is expected to exhibit a CAGR of 18.8% during the forecast period
148 views • 14 slides