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According to Renub Research latest report, “Smart Lock Market, Size, Global Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” Global Smart Lock Market is estimated to reach US$ 6.68 Billion by 2030. A smart lock is a type of locking mechanism that combines electronics and mechanics to enable remote access and entry into a building or property. It is utilized in a variety of industries and can be controlled through smartphones and other smart devices using communication technologies such as Wi-Fi, Bluetooth, Zigbee, or Z-Wave. The smart lock permits remote authentication of verified and authorized users, allowing them to unlock the lock and gain entry.

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Recent advancements in wireless technology, the growth of the Internet of Things (IoT), and the escalating demand for secure and convenient access control

According to the latest report by Renub Research, titled "Smart Lock Market Global Forecast by Type, Technology, Application, Regions, & Company Analysis" Smart Lock Market will be to USD 4.4 Billion by 2027. Smart locks that enable advanced security features have become increasingly popular in the past few years, owing to enhancing safety and security concerns across the globe. A smart lock is an electromechanical locking device that enables users in various industries to remotely access and unlocks the lock to enter the premises. It is accessed by connecting it to smartphones and other smart devices through communication technologies like Bluetooth Li-Fi and Wi-Fi.

The increasing adoption of intelligent home architecture, with the advent of technologies such as Machine Learning (ML) and rising Internet of Things (IoT) penetration, along with and Artificial Intelligence (AI), is expected to accelerate the mass appropriation of smart locks. Increasing usage of smartphone and other co