US Smart Locks Market Expected To Be $3.6 Billion BY 2019

Date: 2016-09-18

For years, tech-savvy folks have talked about how the smart phone will replace things like cameras, wallets and the good old TV remote.

But that’s not the only everyday item under attack from these digital Swiss army knives. Turns out the latest victim of our iPhones might be our lowly old key.

That’s if a new category of smart, connected locks become mainstream. Instead of using your keys, these new locks let you control access using a phone, wireless key fob or even remotely over the Internet. While it may sound futuristic, these new-fangled locks are already available today at your local home improvement store, online, or even through home security and broadband providers.

But the question is, will consumers actually replace something as reliable as a key with their phone? Turns out many already are. there are nearly 1 million homes in North America using some form of smart lock. And this is only the beginning, as the smart lock market will grow to a $3.6 billion worldwide by 2019.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520

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