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The main components of the smart lock include the physical lock, the key (which can be electronic, digitally encrypted, or a virtual key to provide keyless entry), a secure Bluetooth or Wi-Fi connection, and a management mobile app. Smart locks may also monitor access and send alerts in response to the different events it monitors, as well as ...
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Electric locks may be connected to an access control system, the advantages of which include: key control, where keys can be added and removed without re-keying the lock cylinder; fine access control, where time and place are factors; and transaction logging, where activity is recorded. Electronic locks can also be remotely monitored and ...
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Some forecasts project the home security market as a whole will be worth $47 billion by 2020, [12] with the DIY home security market worth $1.5 billion. [13] While the market for home security is expanding, especially with cable TV and Internet service providers introducing their own security and home automation products, it is a fragmented ...
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