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
