New York, NY, Aug. 17, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Automated Smart Locker System Market By Component (Software, Hardware, And Services) By End-User (Commercial, Residential, Government, And Others), And By Region – Global, And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Automated Smart Locker System Market size & share in terms of revenue was valued at USD 1950 Million in 2022 and it is expected to surpass around USD 4900 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 19.6% during the forecast period 2023 to 2030.”
What is Automated Smart Locker System? How big is the Automated Smart Locker System Industry?
Automated Smart Locker System Report Coverage & Overview:
The innovative and advanced automated smart locker system aims to simplify the process of storing, retrieving, and securely distributing items. These lockers are accessible through a variety of authentication methods such as RFID cards, biometrics, or mobile apps, ensuring both security and personalized access. Smart locker systems have practical applications in diverse environments like offices, retail stores, universities, healthcare facilities, and package delivery services. Organizations can deploy these systems to enhance security, make better use of space, and provide more convenience to customers or staff. Furthermore, the system’s centralized monitoring and reporting features empower administrators to monitor locker usage, manage inventory, and analyze user trends for improved operational efficiency.
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Global Automated Smart Locker System Market: Growth Dynamics
The global market growth is set to receive a substantial boost from the rising demand for contactless and self-service solutions.
The current trajectory of the automated smart locker system market is characterized by robust expansion, fueled by the increasing need for contactless and self-service solutions across diverse industries. Heightened awareness of global health concerns, notably exemplified by the COVID-19 pandemic, has underscored the imperative of minimizing physical interactions and upholding stringent hygiene protocols. Consequently, businesses and institutions are actively pursuing technologies that provide secure and user-friendly avenues for customers, employees, or students to access and retrieve items sans direct human interaction. The Automated Smart Locker Systems align seamlessly with these requisites by facilitating effortless self-service operations. Augmented by touchless authentication methods like RFID cards, mobile apps, or biometric recognition, the systems ensure a hygienic user experience. A case in point is the 2022 collaboration between BoxLock, a notable automated smart locker systems provider, and Amazon Web Services (AWS). This partnership has yielded a cloud-based solution, empowering BoxLock’s clientele to securely store and manage their data on the AWS platform, offering scalability and security.
Another pivotal growth catalyst for the Automated Smart Locker System market is the rapid pace of urbanization and the corresponding necessity for space optimization in densely populated locales. As cities expand and urban regions become increasingly congested, the demand for inventive and efficient storage solutions escalates in parallel. Herein, automated smart locker systems emerge as a resourceful means to make the most of limited space while furnishing secure storage alternatives for both individuals and enterprises. These lockers can be strategically stationed in high-traffic locales such as office complexes, residential buildings, commercial hubs, transportation terminals, and communal areas. By leveraging vertical space and skillful locker configuration, these systems can accommodate a sizable inventory of lockers within a relatively compact footprint.
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|Market Size in 2022||USD 1950 million|
|Projected Market Size in 2030||USD 4900 million|
|CAGR Growth Rate||19.6% CAGR|
|Key Market Players||Agile Workspace Limited, Apex Supply Chain Technologies LLC, Bell and Howell LLC., Bradford Systems Corporation, CaptureTech, Creone AB, ecos systems GmbH, Corporation BV., Keytracker Ltd, deister electronic GmbH, LockTec GmbH, iLockerz Limited, Neopost, KIOSK Information Systems, Pitney Bowes, Meridian Kiosks, Signifi Solutions Inc., Nuwco Ltd., TZ Limited, Ricoh Company Ltd., and Smartbox Ecommerce Solutions Pvt. Ltd.|
|Key Segment||By Component, By End User, and By Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
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Automated Smart Locker System Market: Segmentation Analysis
The global automated smart locker market is segmented based on component, end-user, and region.
Based on Components, The market for automated smart locker systems is categorized into software, hardware, and services segments. Anticipated over the forecast period, the hardware segment is projected to command the largest share of revenue. Within the automated smart locker system market’s hardware segment lies the physical components and infrastructure that constitute these automated locker systems. This encompasses elements like smart lockers, electronic locks, sensors, touchscreens, cameras, and other tangible hardware that facilitate secure item storage, retrieval, and monitoring. The principal driving force behind the hardware segment’s growth is the increasing demand for contactless and self-service solutions across diverse industries. Heightened global health concerns, exemplified by the COVID-19 pandemic, have hastened the requirement for hygienic and touchless interactions. Furthermore, the hardware components of smart locker systems are poised for sustained expansion owing to continuous technological advancements.
Based on the end-user, The realm of automated smart locker systems is categorized into residential, commercial, and government sectors. Foreseen across the projected timeline, the commercial segment is poised to secure the largest portion of revenue. Commercial environments, encompassing offices, retail outlets, and business establishments, have readily adopted smart locker solutions due to their ability to optimize operations, elevate customer experiences, and bolster security measures. Furthermore, the rapid expansion of the e-commerce and retail industries stands as a significant catalyst for the commercial sector within the automated smart locker system market. As online shopping gains increasing traction, a burgeoning demand for efficient and secure package delivery and retrieval solutions emerges. E-commerce enterprises and retail establishments are actively seeking innovative avenues to streamline their last-mile delivery processes and furnish convenient shipping alternatives to their clientele. Moreover, the call for smart locker solutions in commercial settings is projected to experience consistent growth in the years to come.
The global Automated Smart Locker System market is segmented as follows:
By End User
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Some of the main competitors dominating the global Automated Smart Locker System market include –
- Agile Workspace Limited
- Apex Supply Chain Technologies LLC
- Bell and Howell LLC.
- Bradford Systems Corporation
- Creone AB
- ecos systems GmbH
- Corporation BV.
- Keytracker Ltd
- deister electronic GmbH
- LockTec GmbH
- iLockerz Limited
- KIOSK Information Systems
- Pitney Bowes
- Meridian Kiosks
- Signifi Solutions Inc.
- Nuwco Ltd.
- TZ Limited
- Ricoh Company Ltd.
- Smartbox Ecommerce Solutions Pvt. Ltd.
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the global automated smart locker market is estimated to grow annually at a CAGR of around 19.6% over the forecast period (2023-2030).
- In terms of revenue, the automated smart locker market size was valued at around $ 1950 Million in 2022 and is projected to reach $ 4900 Million, by 2030.
- The automated smart locker system market is experiencing robust growth due to the increasing demand for contactless and self-service solutions across various industries. The global health concerns, such as the COVID-19 pandemic, have highlighted the importance of minimizing physical interactions and maintaining hygiene protocols.
- Based on components, the hardware segment is expected to dominate the market during the forecast period.
- Based on the end-user, the commercial segment is expected to dominate the market during the forecast period.
- Based on region, North America is expected to dominate the market during the forecast period.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Automated Smart Locker System industry?
- What are the main driving factors propelling the Automated Smart Locker System Market forward?
- What are the leading companies in the Automated Smart Locker System Industry?
- What segments does the Automated Smart Locker System Market cover?
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- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Component, By End User, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Anticipated over the forecast period, North America is poised to exert its dominance in the global automated smart locker system market. This prominence is primarily attributed to the technological advancements and rapid proliferation of smart homes in the United States. To illustrate, approximately 30 percent of connected households in the US have expressed the desire to incorporate smart locks into their homes by the conclusion of 2023. The substantial energy consumption patterns among consumers, coupled with heightened safety concerns, particularly in critical systems and domestic settings, have catalyzed the adoption of environmental management practices. Furthermore, the penetration of smart home technologies is on the rise in this region, playing a pivotal role in elevating awareness about sophisticated devices and cutting-edge technologies.
Numerous players within North America are actively innovating to enhance the capabilities of smart locks. For example, in March 2023, Samsung unveiled its SmartThings Hub, a platform that seamlessly integrates with a wide array of smart home devices, including automated smart lockers. This integration empowers SmartThings users to effortlessly manage their automated smart lockers using voice commands or through the SmartThings mobile app.
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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