The days of carting around a jumble of keys are coming to a close, thanks to new technology for home access controls in the form of keyless, cellphone-enabled locks for residences. Millions of people, all over the world, use the key-and-lock solution for safeguarding their homes every day. But today’s keys have gone electric, thanks to the evolution of smartphone.
The keyless lock is a trend that shows no sign of letting up. Industry analysts at Strategy Analytics predict that smart lock unit sales will more than triple from 1 million in 2014 to 2019, growing at a CAGR of 27 percent, reports ADT, who provided SDM with this information.