Biometric Lockers Market Size, Share, Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Trends and Forecast 2027
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.
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.
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Info: https://www.futuremarketinsights.com/reports/biometric-lockers-market
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