As per the research conducted by GME, the Global Smart Lock Market is expected to grow from USD 2.3 Billion in 2021 to reach USD 3.9 Billion by 2026, with a CAGR value of around 12.45%. The smart lock market will grow rapidly mainly due to rising research and development activities in order to launch the latest and technically advanced smart lock systems for commercial and residential buildings. Moreover, the rising concern for privacy and security of residential areas and increasing demand for IoT-based products will help the market grow rapidly