According to the latest report by IMARC Group, titled “Smart Lock Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global smart lock market reached a value of US$ 1.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 13% during 2021-2026. Smart locks refer to electronic and mechanical locking devices that lock and unlock doors upon receiving instruction from an authorized source. They utilize a cryptographic key to verify and grant access to the user for a set period. The command and encrypted digita…

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