India Biometrics Market: Industry Analysis and Forecast 2021-2027: By Technology, Functionality, Authentication, Component, and End-User

India Biometrics Market is anticipated to reach US$ 5.8 Bn by 2027 from US$ 13.42 Bn in 2021 at a CAGR of 15 % during a forecast period. Biometrics refers to a diverse group of technologies for measuring and analysing human bodily features such as fingerprints, irises and retinas, speech and facial patterns for verification. Over the last five years, India has experienced a significant increase in the adoption of biometrics technology. In addition to fingerprint recognition, the most popular and widely used biometric authentication technology, other biometric authentication methods are rapidly gaining popularity in the country as the demand for data security in many industries grows. The usage of biometric technology has been greatly boosted by government efforts such as the issue of e-passports, the rise of e-banking, and the use of biometric technologies for identity and verification reasons in visas. India Biometrics Market To know about the Research Methodology :- Request Free Sample Report In the report, 2021 is considered a base year however 2021’s numbers are on the real output of the companies in the market. Special attention is given to 2021 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and a specific strategic analysis of those companies is done in the report.

India Biometrics Market Dynamics

Biometrics is expected to expand rapidly in India due to the widespread usage of biometric devices in both the public and private sectors. Biometric devices are now required for improved organization performance due to the necessity for increased security and authentication of access to private data. The report finds that the growth of the e-passport program, government support, biometrics in smartphones, use of biometric technology in banking and healthcare, extensive use in criminal identification, use of biometric technologies in election administration, and the growing need for large-scale supervision at public meetings are the major drivers for the face and voice biometrics market. In recent years, biometric solutions have seen tremendous technological advancements. Advances in sensing technology, as well as the ubiquitous usage of devices like computers and cellphones, have opened up new possibilities for recording physiological and behavioral characteristics of humans and analyzing associated data for biometric authentication. Biometric systems backed by machine learning and artificial intelligence technologies are giving new possibilities for successfully identifying any anomalous behavior and providing an additional layer of authentication if needed. To avoid data breaches, biometric systems with multi-factor authentication are gaining momentum. The growing demand for contactless systems and expanding application areas motivate biometric system manufacturers to spend on R&D to increase their offering of advanced biometric systems. Restraints: The complex biometric system requires a significant amount of money to develop, manufacture, install, maintain, and transport. More advanced biometric technologies need to be upgraded raw materials and subcomponents, resulting in increased costs. Users are responsible for the expenses of shipping, installation, and preventative maintenance. As a result, the biometric system market's growth is hampered by the necessity for large capital investments.

India Biometrics Market Segmentation Analysis

In 2021, the government vertical segment dominated the Indian biometric system market. Biometrics aids in the elimination of corruption through different government-implemented large-scale identification schemes, such as biometric civic IDs. Through biometric identification, government subsidies, refunds, and incentives such as rations and others may be conveniently delivered to eligible residents while preventing any potential system loopholes. Biometric technologies are frequently used by government entities to validate identity across international borders. India Biometrics Market Report Objectives: • Landscape analysis of the India Biometrics Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • The potential impact of micro-economic factors on the market • External and Internal factors affecting the market have been analyzed The report also helps in understanding the India Biometrics Market dynamics, and structure by analyzing the market segments to project the India Biometrics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Indian Airbag Market make the report investor’s guide.

India Biometrics Market Scope: Inquiry Before Buying

India Biometrics Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 5.8 Bn.
Forecast Period 2022 to 2027 CAGR: 15 % Market Size in 2027: US $ 13.42 Bn.
Segments Covered: by Technology • Face Recognition • Hand Geometry • Voice Recognition • Signature recognition • Iris recognition • AFIS • Non-AFIS • Others
by Functionality • Contact • Non-contact • Combined
by Authentication • Single-Factor Authentication • Multifactor Authentication
by Component • Hardware • Software
by End-User • Government • Defense Services • Banking and Finance • Consumer Electronics • Healthcare • Commercial Safety and Security • Transport/Visa/Logistics • Others

India Biometrics Market by Region

• North America • Asia pacific • Europe • The Middle East and Africa • South America

India Biometrics Market: Key Players

IDEMIASecu Gen India Pvt.Ltd • NEC India Pvt. Ltd • 4G Identity Solutions Pvt.Ltd • HID India Private Limited • eSSL Security • 3M India Ltd • Honeywell Automation India Ltd • Zicom Electronic Security Systems Ltd • Matrix Comsec Pvt. Ltd • Mantra Softech (India) Pvt. Limited • AutoID Systems • Bioenable Technologies Pvt. Limited Frequently Asked Questions 1. What is the projected market size & growth rate of the India Biometrics Market? Ans- India Biometrics Market was valued at USD 5.8 billion in 2021 and is projected to reach USD 13.42 billion by 2027, growing at a CAGR of 15 % during the forecast period. 2. What are the key driving factors for the growth of the India Biometrics Market? Ans- Biometrics is expected to expand rapidly in India due to the widespread usage of biometric devices in both the public and private sectors. 3. Which Region accounted for the largest India Biometrics Market share? Ans- West region of India accounted for the largest market share in 2021. 4. What are the top players operating in India Biometrics Market? Ans- IDEMIA, SecuGen India Pvt.Ltd, NEC India Pvt. Ltd, 4G Identity Solutions Pvt.Ltd, and HID India Private Limited.
1. India Biometrics Market: Research Methodology 2. India Biometrics Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to India Biometrics Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. India Biometrics Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.11 ESTLE 3.11 Regulatory Landscape by region 3.12 COVID-19 Impact 4 India Biometrics Market Segmentation 4.1 India Biometrics Market, By Technology (2020-2027) • Face Recognition • Hand Geometry • Voice Recognition • Signature recognition • Iris recognition • AFIS • Non-AFIS • Others 4.2 India Biometrics Market, By Functionality (2020-2027) • Contact • Non-contact • Combined 4.3 India Biometrics Market, By Authentication (2020-2027) • Single-Factor Authentication • Multifactor Authentication 4.3 India Biometrics Market, By Component (2020-2027) • Hardware • Software 4.3 India Biometrics Market, By End-User (2020-2027) • Government • Defense Services • Banking and Finance • Consumer Electronics • Healthcare • Commercial Safety and Security • Transport/Visa/Logistics • Others 5 Company Profile: Key players 10.1. NEC India Pvt. Ltd 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Indian Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. IDEMIA 10.3. SecuGen India Pvt.Ltd 10.4. NEC India Pvt. Ltd 10.5. 4G Identity Solutions Pvt.Ltd 10.6. HID India Private Limited 10.7. eSSL Security 10.8. 3M India Ltd 10.9. Honeywell Automation India Ltd 10.10. Zicom Electronic Security Systems Ltd 10.11. Matrix Comsec Pvt. Ltd 10.12. Mantra Softech (India) Pvt. Limited 10.13. AutoID Systems 10.14. Bioenable Technologies Pvt. Limited

About This Report

Report ID 44361
Category Information Technology & Telecommunication
Published Date Jan 2020
Updated Date April 2022
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