Project Report For Digital safe locker

Introduction

Project report for Digital safe locker is as follows.

A digital locker, sometimes known as a cyberlocker, is an online storage service for files and digital material. Music, videos, movies, games, and other stuff are all kept. Microsoft coined the phrase in 2004 as part of the Windows Marketplace. Users may access data stored in a digital locker from any location with an internet connection. Digital locker services often need a user to sign up for an account. Costs can vary widely, depending on the complexity and strength of the lock.

A safe is a locked box that is used to protect valuables from theft or fire. There are many different types of safes, but the most common is a cube-shaped or cylindrical cylinder with a detachable or hinged door. It is possible to make the body and door out of metal (such as steel) or plastic (via blow moulding).

Safes for bank tellers are normally bolted to the counter, feature a slit for depositing valuables, and a time-delay combination lock to prevent robbers and criminals from stealing them. Safes can be either fixed or mobile; the latter option is a major difference between types of safes. Cash-boxes are a less secure form that is only appropriate for petty cash. It uses a mix of locks and a keypad numeric entry system. If the Digital lockers are left unattended for an extended length of time, they are automatically locked.

Market potential & Strategy

In 2020, the global market for smart locks was expected to be worth INR 102 billion. From 2021 to 2028, the CAGR is predicted to be 21.4%, with a total increase in demand of 8.9 million units. There will be an increase in smart lock usage as a result of the rise in Internet of Things penetration and the development of technologies like Machine Learning and Artificial Intelligence (ML/AI).

Another factor driving demand for these locks is an increased consciousness among consumers about the advantages and ease of use that these locks provide. Home improvement initiatives conducted by residential consumers are included in the worldwide market for home improvement. As the home remodelling industry has grown, mechanical lockers have been replaced by more secure and specialised safety lockers in various sections of the house.

For example, computerised home safes are already standard equipment in most bedrooms. However, because they are less expensive, non-electronic locker furniture is typically utilised to replace electronic locker furniture in other parts of the house. Since the home remodelling industry is growing, so are the sales of security devices like safes. Manufacturers are currently developing and adding new features to their safes and furnishings with non-electronic lockers because of their reduced cost in light of the rising crime and theft rates worldwide.

Sample Report

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