Biometric Lockers Market Analysis

Biometric Lockers Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027


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This Biometric Lockers market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Biometric Lockers market.

Biometric Lockers market is one of the gradually increasing market due to rising risk of theft and loss. This security solution help users to save their valuable things such as jewellery, money and other important documents. The traditional security systems provide security with the help of keys which can be stolen or lost easily. These Biometric security systems offers secured and higher security with the help of password. Many companies are providing Biometric Locker systems that include features such as equipment charging and updating, usage monitoring, and security to storage item and access control.

These Biometric Lockers help users to secure their confidential documents and other valuable items without carrying some key as Biometric lockers verify users with the help of their password and fingerprints. This biometric locker system has no keys hence no duplication and allow only authorized person to open it.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Biometric Lockers Market:
Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027
Biometric Lockers Market: Drivers and Challenges

The major factor driving the adoption of Biometric lockers is the increasing issues of theft. Many individuals keep some amount of money or valuable with them for emergency cases this increases the risk of theft. Moreover, simple lockers with password or keys do not provide proper security. People are using these Biometric Lockers as these are advance security solutions which provides security lock with the help of fingerprint, or iris recognition or other identification mode. These Biometric lockers systems have enhanced the security market.

The key challenge for Biometric Lockers market is that biometrics security system uses fingerprints to identify its users and an accident causes a user to lose his/her finger then it can be a problem during the verification process. For voice recognition methods, illnesses such as strep throat can make it hard for authorized users to get access to their information. Another factor that can influence voice recognition systems is the continuous aging of its users. Noise in an environment where voice recognition is used to identify its users can also make it hard for users to be identified

Biometric Lockers Market: Segmentation

Key Contracts:

In August 2015, ICICI bank launched fully automated locker named as Smart Vault. This biometric locker uses robotic technology to access the lockers from the safe vault and enables customers to conveniently access their lockers at any time of their preference, in the comfort of a secure lounge where the locker automatically comes up to the customer. Customers can access the lockers in total privacy without any intervention of the branch staff.

In Biometric Lockers market there are many manufacturers and providers some of them are WYSE Biometric systems, Myritrac, and others.

Regional Overview

Presently, North America and Europe is holding the largest market share for Biometric Lockers market due to high rate of theft and security breach many large industries such as hospitality, BFSI and healthcare. The adoption of biometric based lockers is increasing in the APAC region also, due to less cost and easy to operate.

The report covers exhaustive analysis on:

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

Competitive Positioning Matrix

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Average Selling Price (ASP) Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Segmentation on the basis of Types:

  • Hardware
  • Software
  • Service

Segmentation on the basis of technology:

  • Face recognition
  • Voice recognition
  • Iris recognition
  • Others

Biometric LockersMarket Segments

  • Market Dynamics
  • Historical Actual Market Size, 2014 - 2016
  • Market Size & Forecast 2017 to 2027
  • Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Market Drivers and Restraints

Regional analysis for Biometric Lockers Market includes development of these systems in the following regions:

  • North America
    • By US
    • By Canada
  • Latin America
    • By Brazil
    • By Mexico
    • By Others
  • Europe
    • By U.K.
    • By France
    • By Germany
    • By Poland
    • By Russia
  • Asia Pacific
    • By Australia and New Zealand (ANZ)
    • By Greater China
    • By India
    • By ASEAN
    • By Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • By GCC Countries
    • By Other Middle East
    • By North Africa
    • By South Africa
    • By Other Africa

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.
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Akshay Godge

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Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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