Smart locks - the lock technology consisting of locks that can be operated with the help of unconventional means such as remote control and provide the user with alerts and tracking data about who entered or left the locked premise, are increasing emerging as promising alternatives to conventional locks. 

The market has expanded at a promising pace in the past few years, in tandem with the development of mobile computing devices and telecommunication networks.The rising focus and investments into smart city infrastructure have also increased massively aided overall development of the global smart locks market.

Smart locks have started finding increased usage and adoption in residential, commercial, government, and industrial establishments. While all these are considered to be lucrative end-use areas for the global smart locks market, the segment of commercial establishments is expected to remain the most lucrative in the next few years. 

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The vast rise in crime rate across the globe in the past years has remained imperative for the increased adoption of smart locks in the commercial sector and is likely to remain the key factor pushing ahead the adoption of smart locks in commercial settings in the next few years as well.

Geographically, the report presents an overview of the growth prospects of the market across regions such as North America, Europe, Asia Pacific, Middle East and Africa, and South America.