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Your door lock may be getting smarter
Your door lock may be getting smarter
  NEW YORK – Jan. 14, 2014 – Smartphones are no longer phones first and foremost. They’ve become command centers for the high-tech demands of day-to-day life. Everything from Web browsing and picture-taking to instant messaging and credit card transactions can be done from one little device.
But one holdout of the analog world has innovators and entrepreneurs scrapping for a digital solution: the centuries-old lock-and-key. Why not fuse those three most essential personal possessions – phone, wallet and keys – into a single device?
Unlike the phone or wallet, though, the challenge here is to replace not just a single house key, but your entire key chain. If you add smartphone functionality for just one or two locks, all you’ve done is complicate your key situation.
For this reason, many analysts foresee slow market growth, especially when it comes to domestic use of smart locks.
“Locks and doors (have) long life cycles,” says Aapo Markkanen, a senior research analyst at ABI Research. “Apart from newly built places, the addressable market is going to expand rather slowly.”
Despite an uncertain outlook, the market is rife with competition. Kevo, Bitlock, Lockitron, UniKey, Goji, KISI, ECKey and August ... more

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