Press release
Latin America Smart Lock Market - Industry Trends and Forecast to 2028
Smart lock market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 11.9% in the forecast period of 2021 to 2028and expected to reach USD 610,404.80 thousand by 2028. Increase in the construction of commercial offices in the Argentina is expected to boost the market for the smart locks in the region.A smart lock is a kind of electromechanical lock designed lock which performs locking and unlocking operations on a door after receiving instructions from an authorized smart device using a wireless protocol and a cryptographic key to execute the locking and unlocking process in smart lock. A smart lock device has an inbuilt Wi-Fi or bluetooth and allows users to unlock their device remotely also smart locks have enhanced security features and tons of customizations.
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