By 2026, it will account for 35%, and Southeast Asia/Latin America will become a new blue ocean

According to IDC data, by 2026, commercial smart locks will account for 35% of the global market, with a scale of approximately 4.2 billion US dollars. Drive remote management needs from apartments, hotels, and office buildings; Southeast Asia and Latin America have become the fastest growing regions due to urbanization and the rise of short-term rentals, and Chinese brands are accelerating their overseas expansion.