Thursday, August 18, 2022

Smart Door Lock Capabilities Grow Along with Market Penetration

Smart door locks are maturing as a technology category, and with that maturity has come growth in sales and more market penetration, according to new data from Parks Associates.

As of Q4 2021, 11% of U.S. internet households, or over 11 million households, owned a smart door lock, which is nearly double the adoption rate five years ago. According to Parks, purchase intentions are also on the rise. In Q4 2021, 29% of U.S. broadband households reported a plan to purchase a smart door lock in the next six months, up from just 21% in 2018.

From the article, "Smart Door Lock Capabilities Grow Along with Market Penetration" by Jennifer Kent.

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