The future of locking systems is in advances in technology that add features to the lock.
The basic function of the lock has not changed since the first rock was rolled in front of the first cave opening, what has changed is the ease with which the barriers can be secured and manipulated and the information that can be communicated by the lock device to other systems.
Within the past twenty years, the products used for locking systems have changed significantly.
Locks have evolved from the basic function of just holding a barrier closed to reporting the status of the lock, the door and, in some cases, the surrounding areas.
Some locks now have integrated access control functions.
The most likely path for locking systems is greater capabilities at lower prices.