Smart Lock Market will be to USD 4.4 Billion by 2027. Smart locks that enable advanced security features have become increasingly popular in the past few years, owing to enhancing safety and security concerns across the globe. A smart lock is an electromechanical locking device that enables users in various industries to remotely access and unlocks the lock to enter the premises. It is accessed by connecting it to smartphones and other smart devices through communication technologies like Bluetooth Li-Fi and Wi-Fi.