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


Future Market Insights

$ 5000

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.

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

Segmentation on the basis of Types:

  • Hardware

  • Software

  • Service

Segmentation on the basis of technology:

  • Face recognition

  • Voice recognition

  • Iris recognition

  • Others

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:

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

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.