India Biometric Market

India Biometric Market Overview

Biometrics refers to the physical or behavioral human characteristics that are used to digitally identify a person to allow access in a system or device. There are numerous types of biometric identifiers, such as fingerprints, voice or typing cadence, or facial patterns. These identifiers are distinctive, measurable features used to identify or describe an individual. The biometrics are widely used in various sectors such as government, military & defense, healthcare, banking & finance, consumer electronics, and other sectors.

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Major India Biometric Market Drivers

The Indian Biometric market is becoming more mainstream thanks to the increasing usage of biometric devices in public as well as the private sector in India. The increasing need for enhanced security and to authenticate the access for confidential data and information is creating numerous growth opportunities for the biometric market in India. Additionally, the consumers are increasingly adopting different biometric means such as fingerprint, facial and voice recognition to verify their identity and make payments accordingly. The government of India is widely using biometric technology for various applications, including UIDAI (Aadhar), E-Passport, RSBY (Rashtriya Swasthya Bima Yojna), driving license, and other programs. This accelerating application will directly surge the demand of the market.

The increasing penetration of smartphones, high-speed internet connectivity, and growing security concerns is encouraging the end-users to opt for biometric technology to better security and safety. The outbreak of COVID-19 will surge the demand for biometrics, especially in 2020. The increasing emphasis on staying at home and maintaining social distance is driving people indoors, which is significantly accelerating the utilization of the internet and other services to facilitate the normal operation of daily life from home. The biometric algorithm based advanced technologies, including AI and machine learning, is supporting the government and private companies to connect remotely with their workforces. The rapid hike in the population working from home during the coronavirus pandemic has placed the biometrics sector on a highly beneficial position in the global economy. All these factors will further complement the growing demand of the market.

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Based on the Authentication Type, the fingerprint recognition segment is anticipated to dominate the market over the forecast period. This is due to the easy to install and highly cost-effective features of the fingerprint recognition systems as compared to the other authentication technologies. Moreover, the accelerating application of this solution in travel and immigration applications, especially for e-passports, e-visas, and driving license, is further surging the demand of the segment. On the basis of offering, the software segment is projected to grow at a higher CAGR over the forecast period. This is attributed to the increasing adoption of cloud-based services and AI for biometric devices is expected to drive the growth of the segment over the coming years. The biometric software helps in imparting interoperability and compatibility to biometric devices/systems with computers and networks. All these factors will surge the growth of the segment.

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Top Market Players

Various notable players operating in the market include IDEMIA, HID India Pvt. Ltd., Zicom Electronic security systems Ltd., Honeywell Automation India Ltd., 4G Identity solutions Ltd., NEC, Gemalto, eSSL securities, Matric Telecom Security, and Biomatiques, among others. The Indian Biometric market segmented based on the authentication type, offering, functionality, end-user, and region. Based on the authentication type, the market is categorized into a single factor and multi-factor. Based on the offering, the market is segmented into hardware and software. Based on the functionality, the market is segmented into contact functionality, non-contact functionality, and combined functionality. Based on the end-user, the market is segmented into government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, automotive, security, and others.

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Key questions answered in this research report:

• • At what pace is Indian Biometric market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Indian Biometric market? What will be the impact of market drivers and market restraints in the future?
  • Which Authentication Type generated maximum revenues in 2019 and identify the most promising Authentication Type during the forecast period?
  • What are the various Offerings of the India biometrics systems market, and how they are poised to grow?
  • What companies are the major participants in Indian Biometric market and their business strategies, how does the competitive landscape look like?

Market Segmentation

India Biometric Market by Authentication Type

• • Single-Factor Authentication
    • Fingerprint Recognition
      • AFIS
      • Non-AFIS
    • Iris Recognition
    • Palm Print Recognition
    • Face Recognition
    • Vein Recognition
    • Signature Recognition
    • Voice Recognition
    • Others
      • DNA Recognition
      • Keystroke Recognition
      • Gait Recognition
      • Otoacoustic Emissions
    • Multi-Factor Authentication
      • Smart Card with Biometrics
      • Pin with Biometrics
      • Multimodal Biometric

India Biometric Market by Offering

• • Hardware
    • Fingerprint Readers
    • Scanners
    • Cameras
    • Others
  • Software

India Biometric Market by Functionality

• • Contact Functionality
  • Non-Contact Functionality
  • Combined Functionality

India Biometric Market by End-User

• • Government
  • Military & Defense
  • Healthcare
  • Banking & Finance
  • Consumer Electronics
  • Travel & Immigration
  • Automotive
  • Security
    • Residential Security
    • Commercial Security
  • Others

Indian Biometric Leading Market Players (Option: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • IDEMIA
  • HID India Pvt. Ltd.
  • Zicom Electronic security systems Ltd.
  • Honeywell Automation India Ltd.
  • 4G Identity solutions Ltd.
  • NEC
  • Gemalto
  • eSSL securities
  • Matric Telecom Security
  • Biomatiques