As safety concerns rise, tech-connected locks take rise
Implications - Consumer trust and reliance on smartphones and technology in general is greater than ever, and as a result, keys and codes are replaced by apps connected to smart locks. This level of smart security becomes more sophisticated as the connected home becomes a more in-demand concept for consumers.
Trend Themes
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Smart Security Devices — As consumers continue to rely on smartphone technology, the demand for smart security devices is increasing.
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Internet of Things for Home Security — The integration of the Internet of Things with home security is allowing for increased convenience and sophisticated protection.
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App-controlled Access Control — The use of smartphone apps to control access points is becoming more prevalent in the home security industry.
Industry Implications
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Smart Home Technology — Companies that specialize in smart home technology can leverage the demand for smart security devices to expand their product line.
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Internet of Things — Businesses focused on Internet of Things technology can provide innovative solutions that integrate with home security devices.
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Mobile App Development — Mobile app developers can create user-friendly, convenient apps that control access points for smart security devices.
