amsterdam, june 19, 2017 - gemalto (euronext nl0000400653 gto), the world leader in digital security, is enabling security and reliable connectivity for dessmann's new smart lock platform. the new solution from the global manufacturer of smart locks and safe boxes incorporates gemalto's machine identification modules (mim) and secure elements (se), empowering users to lock and unlock doors with their smartphones or create digital key chains for multiple locks.
the solution provides increased security compared to traditional locks.the mobile app can be used to create spare or temporary virtual keys remotely and can simplify shared accommodation services.
for instance, it is able to track and monitor who unlocked a door recently. the application also sends instant notifications if a door is forced and can automatically trigger the lock's built-in alarm.
the smart lock market is likely to expand rapidly over the next few years. according to transparency market research, its compound annual growth rate is estimated to reach up to 18.3%, leading to a substantial increase in market value, from us$226.7 million in 2016 to us$1.01 billion by 2024. fuelled by rising standards of living and increased awareness regarding physical security and safety, the asia pacific region is fast becoming an important market for the smart lock industry.