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Smart Lock Market size is set to grow by USD 2.31 billion from 2024-2028, Growing number of smart cities worldwide to boost the market growth, Technavio

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NEW YORK, June 26, 2024 /PRNewswire/ — The global smart lock market size is estimated to grow by USD 2.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.47% during the forecast period. Growing number of smart cities worldwide is driving market growth, with a trend towards integration with voice assistants and smart home ecosystems. However, growing security and privacy threat in smart locks poses a challenge. Key market players include Allegion Public Ltd. Co., ASSA ABLOY AB, Be Tech Asia Ltd., Carrier Global Corp., Davcor Group Pty Ltd., Dormakaba Holding AG, Dorsetindia.com, Honeywell International Inc., I Leaf Buildpro Pvt. Ltd., iF International Forum Design GmbH, iLockey, Jainson Locks, Napco Security Technologies Inc., Salto Systems SL, Samsung Electronics Co. Ltd., SOLITY Co Ltd., Spectrum Brands Holdings Inc., Tekno Electro Solutions Pvt. Ltd., Vivint Inc., and Yale India.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (WiFi, Bluetooth, Zigbee, and Z-wave), End-user (Commercial and Residential), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Allegion Public Ltd. Co., ASSA ABLOY AB, Be Tech Asia Ltd., Carrier Global Corp., Davcor Group Pty Ltd., Dormakaba Holding AG, Dorsetindia.com, Honeywell International Inc., I Leaf Buildpro Pvt. Ltd., iF International Forum Design GmbH, iLockey, Jainson Locks, Napco Security Technologies Inc., Salto Systems SL, Samsung Electronics Co. Ltd., SOLITY Co Ltd., Spectrum Brands Holdings Inc., Tekno Electro Solutions Pvt. Ltd., Vivint Inc., and Yale India

Key Market Trends Fueling Growth

The integration of smart locks with voice assistants and smart home ecosystems is a significant trend in the global smart lock market. This feature allows users to control their locks using basic voice commands, enhancing accessibility and convenience. Additionally, automation and synchronization with other connected devices, such as lights, thermostats, and security systems, are made possible. This trend is expected to drive market growth by creating a seamless user experience within commercial and residential buildings. 

The Smart Lock market is experiencing significant growth with homes and businesses adopting this technology for enhanced security. Smart Homes are a trend, and smart locks are an essential component. Biometric authentication, such as fingerprint recognition, is becoming popular. Google and Apple are key players in this market. Smart locks can be controlled through apps, allowing remote access and convenience. Some smart locks use Bluetooth technology for connectivity. They can also be integrated with other home automation systems. Smart locks offer convenience, security, and compatibility with various devices. The future of smart locks lies in advanced features like voice recognition and facial recognition. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global smart lock market confronts security concerns as potential vulnerabilities in these devices may allow unauthorized access or data interception. Weak encryption techniques and outdated firmware pose significant risks. To mitigate these threats, manufacturers must prioritize robust security measures and regular firmware updates, collaborating with cybersecurity experts when necessary. These efforts are crucial to safeguard customer privacy and confidence, ensuring the market’s continued growth.The Smart Lock market is experiencing significant growth due to increasing adoption in both residential and commercial sectors. However, several challenges persist. Thingness and Machine Learning are key technologies driving the market, but security concerns remain a major challenge. The need for encryption and secure communication protocols is crucial to ensure data privacy and prevent unauthorized access. Additionally, cost and compatibility issues with existing door hardware are hindering widespread adoption. Smart Home and IoT platforms are also essential for seamless integration and interoperability. Regulations and standards, such as Zigbee and Z-Wave, are necessary to ensure consistency and reliability. Overall, addressing these challenges will be vital for the continued growth and success of the Smart Lock market.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This smart lock market report extensively covers market segmentation by

Technology 1.1 WiFi1.2 Bluetooth1.3 Zigbee1.4 Z-waveEnd-user 2.1 Commercial2.2 ResidentialGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 WiFi- The Smart Lock market is experiencing significant growth due to its convenience and security benefits. Businesses and consumers alike are adopting smart locks at an impressive rate. These locks offer keyless entry, remote access, and integration with other smart home systems. They provide enhanced security features such as automatic locking and unlocking, real-time alerts, and the ability to grant temporary access to guests. Smart locks are a cost-effective investment for businesses looking to improve security and convenience, and for individuals seeking peace of mind in their homes.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Smart Lock Market is experiencing significant growth due to the increasing adoption of home automation and smart homes. Biometric authentication and keyless entry systems are becoming increasingly popular, leveraging IoT technology and Wi-Fi communication protocols for seamless integration. Artificial Intelligence and Machine Learning are also being employed to enhance security features and improve user experience. The smart lock ecosystem includes various technologies such as RFID locks, IC cards, and Bluetooth. Big Data is being utilized to analyze usage patterns and provide valuable insights. Kaadas, Masterlock, Yale Home, August Home, Level, Schaub and Emtek, and Oberlo are some of the companies offering smart lock solutions. Safety concerns continue to be a priority, with 5G networks and advanced technologies like Google Assistant being integrated to address these issues.

Market Research Overview

The Smart Lock Market is a rapidly growing sector within the home automation industry. These advanced locks utilize technologies such as Bluetooth, Wi-Fi, and biometric authentication for enhanced security and convenience. Smart locks offer features like remote access, automatic locking, and integration with other home security systems. The market is driven by increasing consumer demand for smart home solutions and the ongoing digitization of home security systems. Additionally, governments and regulatory bodies are promoting the adoption of smart locks for enhanced security and energy efficiency. The market is segmented based on technology, application, and region. Smart locks are used in both residential and commercial applications, and their adoption is expected to increase significantly in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyWiFiBluetoothZigbeeZ-waveEnd-userCommercialResidentialGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Keeper Security Launches Integration With Wiz to Remediate Critical Cloud Vulnerabilities

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With new integration, Keeper’s identity security platform remediates vulnerabilities discovered by Wiz, enabling closed-loop protection across cloud environments.

CHICAGO, June 16, 2026 /PRNewswire/ — Keeper Security, the leading zero-trust and zero-knowledge identity security and Privileged Access Management (PAM) platform, today announces a new integration with Wiz, a leading cloud and AI security platform that is now part of Google Cloud. Joining the Wiz Integration Network establishes Keeper as a remediation engine for identity security vulnerabilities discovered by Wiz, closing the loop between cloud security detection and active risk resolution. When Wiz identifies an identity-related vulnerability, spanning human users, machine identities, AI agents and database accounts, it automatically surfaces the finding in Keeper’s Cloud Security dashboard, where security teams can review and remediate each issue directly within KeeperPAM®.

As cloud environments grow more complex, organizations face an expanding attack surface driven by the rapid proliferation of Non-Human Identities (NHIs), autonomous AI agents and over-privileged service accounts. Wiz surfaces these risks with unmatched cloud visibility and Keeper provides joint customers with an automated, trusted path from discovery to remediation.

“Finding a vulnerability is the first half of the battle,” said Craig Lurey, CTO and Co-founder of Keeper Security. “By integrating with Wiz, Keeper helps customers rotate compromised credentials, enforce privileged access management and reduce over-permissioned identities, turning Wiz’s detection power into faster, more decisive risk reduction. This is the future of cloud security – detection and remediation working as one, giving security teams a clear path from vulnerability discovery to resolution across the identities and workloads that matter most.”

“We’re happy to welcome Keeper to the Wiz Integration Network,” said Oron Noah, VP of Product, Extensibility & Partnerships at Wiz. “Together, we’re helping customers connect cloud risk findings with privileged access controls, making it easier to move from discovery to remediation. By bringing cloud visibility and access management into a unified workflow, teams can better secure both human and machine identities at scale.”

At the heart of the integration is a real-time workflow that transforms Wiz’s Issues into Keeper-driven remediation actions. When a Wiz customer enables the Keeper integration, Wiz scans the cloud environment for identity security vulnerabilities within Keeper’s remediation scope. Security teams can then select a finding and execute the appropriate remediation action through KeeperPAM:

Rotate compromised credentials and vault updated secretsBring unmanaged accounts under PAM governanceReduce excessive privileges for users, service accounts and IAM rolesMap Wiz Issues to existing PAM records or onboard new resourcesSubmit resolutions back to Wiz to close the loop on each finding

This tight integration bridges the gap between cloud security detection and identity security remediation, giving security teams a single, closed-loop workflow. Rather than manually triaging Wiz Issues and separately executing remediation steps in Keeper, KeeperPAM works alongside Wiz by automatically receiving identity-related Issues and streamlining the remediation steps. For teams, this results in accelerated Mean Time To Remediation (MTTR) and a dramatically reduced window of exposure before a vulnerability can be exploited.

The integration is especially powerful in AI-native environments, where autonomous agents and service accounts can rapidly accumulate excessive permissions across cloud infrastructure. Wiz’s AI Application Protection Platform (AI-APP) detects over-privileged AI agents, insecure service configurations and other AI-native risks. Keeper serves as a designated remediation engine, enforcing least privilege policies and enabling just-in-time access controls for AI agents in response. Together, they secure the full AI lifecycle from code to runtime, without requiring manual intervention from security teams.

Key benefits include:

Streamlined Identity Remediation: When Wiz discovers an identity security vulnerability, Keeper takes action – rotating compromised credentials, enforcing PAM controls and reducing excess privileges – streamlining the steps between detection and resolution.Closed-Loop Security Workflow: Connect Wiz’s industry-leading cloud and AI vulnerability detection directly to Keeper’s privileged access management platform for a complete detect-to-remediate pipeline that operates at cloud scale.Accelerated Mean Time to Remediation: By accelerating response to identity vulnerabilities at the moment of discovery, organizations dramatically shrink the window of exposure and reduce the risk of breach escalation.Comprehensive Identity Coverage: Remediation scope covers the full range of identity types, including human users, machine identities, AI agents and database accounts, ensuring no privileged entity goes unmanaged across cloud environments.

KeeperPAM, Keeper’s cloud-native privileged access management platform, unifies password, secrets and connections management with zero-trust network access, endpoint privilege management and remote browser isolation in a single solution. Built on a zero-trust and zero-knowledge architecture, KeeperPAM provides real-time visibility, automated credential security and AI-powered session monitoring to help organizations prevent breaches and maintain compliance across hybrid and multi-cloud environments.

By connecting detection directly to remediation, Keeper and Wiz give security teams the confidence that cloud risks are not just visible, but actively resolved. KeeperPAM’s zero-trust architecture ensures every remediation action maintains a verifiable chain of custody – from Wiz’s initial finding through to Keeper’s corrective action – supporting both continuous compliance and audit readiness.

Keeper’s integration with Wiz is available now. Review the full release notes in the Keeper documentation.

About Keeper Security
Keeper Security is the leading zero-trust and zero-knowledge identity security solution, trusted by millions of people and thousands of organizations globally. KeeperPAM® is Keeper’s privileged access management platform that unifies password and passkey management, secrets management, privileged session management and endpoint privilege management in a single cloud-native platform, protected with quantum-resistant encryption. KeeperAI delivers real-time, AI-native threat detection across every privileged session. As AI agents proliferate and identity becomes the defining attack surface, Keeper governs access for humans, machines, non-human identities and AI agents, serving as the unified control plane for access, compliance and visibility across the enterprise. For more information, visit KeeperSecurity.com.

Learn more: KeeperSecurity.com

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Media Contact
Katherine Benfield
ICR for Keeper Security
keepersecurity@icrinc.com

 

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Benzinga Launches Institutional Portfolio Intelligence API for Faster Institutional Ownership Intelligence

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DETROIT, June 16, 2026 /PRNewswire/ — Benzinga, a leading provider of market intelligence and financial data APIs, today announced the launch of its Institutional Portfolio Intelligence API. The new dataset is designed to help brokerages, fintech platforms, quantitative researchers, and investor applications uncover signals hidden within hedge fund and institutional portfolios.

The dataset provides institutional holdings, capital flow trends, portfolio analytics, and ownership intelligence across more than 11,000 U.S. equities and ETFs. It delivers portfolio intelligence covering more than 8,000 hedge funds and institutional managers representing over $50 trillion in assets under management.

Unlike many institutional ownership datasets that refresh on quarterly reporting cycles, Benzinga’s Institutional Portfolio Intelligence API instantly incorporates newly filed 13F disclosures as they become available. Firms can use this data to identify emerging trends, monitor shifts in institutional conviction, and uncover actionable insights from large-scale portfolio activity sooner.

As investors seek deeper insights beyond traditional market data, understanding how professional money managers allocate capital has become an increasingly valuable source of intelligence.

“While institutional holdings are reported quarterly, the market doesn’t wait for quarterly data refreshes,” said Clint Rhea, Manager of Institutional and Channel Partnerships at Benzinga. “Our Institutional Portfolio Intelligence API captures new 13F disclosures as they are filed, allowing clients to identify position initiations, exits, and conviction changes from some of the world’s largest investors as quickly as possible. Whether you’re monitoring a crowded short, tracking institutional accumulation, validating an investment thesis, or understanding how professional money managers are allocating capital, speed and breadth of coverage matter. This dataset delivers on all of them.”

Key capabilities of the Institutional Portfolio Intelligence API include:

Institutional holdings and portfolio dataOwnership trends and capital flow analysisConsensus fund positioning insightsPortfolio concentration and allocation analyticsOutlier trade and conviction signal identificationHistorical coverage dating back to 2013Coverage across 11,000+ U.S. equities and ETFs (and 20,000+ delisted tickers)Fund sentiment by ticker, theme, industry or sectorFund performance and copy-traded returnsFund P/L and other fund manager metricsReal-time raw filings and insights

The dataset is designed for integration into brokerage platforms, portfolio research tools, screening applications, quantitative models, and investor-facing experiences. Available via API, WebSockets, and flat file delivery, the solution enables firms to incorporate institutional intelligence directly into their products and workflows.

The launch further expands Benzinga’s growing suite of institutional-grade market data solutions, helping clients build more informed investing experiences powered by actionable intelligence, alternative datasets, and more timely visibility into institutional portfolio activity.

About Benzinga

Benzinga is a leading financial media and data technology company that empowers investors with high-quality, real-time market intelligence. Through its news platform, APIs, and data products, Benzinga provides traders, financial institutions, and fintech platforms with the insights they need to make smarter investment decisions. From breaking news and analyst ratings to corporate events and alternative datasets, Benzinga’s tools help market participants stay ahead of the information that drives price movement.

To learn more, visit www.benzinga.com/apis/.

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Made Card and Multiply Mortgage Partner to Extend Homeowner Benefits Beyond Closing Day

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NEW YORK, June 16, 2026 /PRNewswire/ — Made Card, the first credit card purpose-designed for the homeowner, today announced a partnership with Multiply Mortgage, the leading provider of homeownership benefits, helping employees across 1,200+ employers finance homes with lower rates and concierge-level support through their workplace.

Made is designed for what comes after closing day. Multiply connects employees to expert loan advisors and competitive rates through a workplace benefit. Made picks up where the mortgage leaves off, turning unavoidable home costs into a measurable financial return. Through the partnership, homebuyers who finance with Multiply will receive access to a suite of exclusive benefits built for new homeowners including a sign-on bonus redeemable toward closing costs and elevated cashback on mortgage payments, utilities, maintenance, and repairs.

“This partnership is a personal one for me,” said Alex Song, Co-Founder of Made Card. “Two years ago, Multiply helped me buy my own home, and I believed in what they were building so much that I became one of their earliest investors. Today we get to build together as operators. Multiply reaches homebuyers at the exact moment they are making the largest financial decision of their lives, and they do it with a level of care I experienced firsthand. Connecting that moment to Made is exactly what this card was built for.”

“Multiply exists to make homeownership more accessible and less stressful, and Made Card extends that mission past closing day,” said Michael White, Co-Founder and CEO of Multiply Mortgage. “Our clients are navigating the biggest purchase of their lives. Pairing that with a card built around what owning actually costs is exactly the benefit our customers deserve.”

About Made Card
Made is building the first credit card purpose-designed for the homeowner’s expenses: the predictable bills, the unexpected ones, and the administrative and emotional weight that no existing financial product was built to address. Turning that unavoidable cost into a measurable financial return, Made addresses a spend category every other card ignores and is building the next-gen home ecosystem.

About Multiply Mortgage
Multiply Mortgage helps employees navigate the largest purchase of their lives: buying a home. Multiply’s financial wellness benefit offers mortgage interest rate discounts and personalized guidance throughout the home financing process, all with zero cost or administrative overhead for the company.

Media Contact
media@madecard.com
madecard.com

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