India Biometric Market is Expected to Register a CAGR of 13.24% Through 2030
Government Initiatives & Digitalization and Growing
Demand for Secure Authentication Solutions are likely to propel the market during
the forecast period.
According to
TechSci Research report, “India Biometric Market – By Region,
Competition, Forecast and Opportunities, 2020-2030F”, India Biometric Market was valued at USD 6.68
Billion in 2024 and is expected to reach USD 14.21 Billion by 2030 with a CAGR
of 13.24% during the forecast period.
One
of the primary drivers of the biometric market in India is the robust support
and initiatives provided by the government. The Indian government has played a
pivotal role in the adoption and expansion of biometric technology, primarily
through its digitalization efforts aimed at enhancing security, efficiency, and
governance. The most significant initiative in this context is the Aadhaar
program, launched in 2009 by the Unique Identification Authority of India
(UIDAI), which aimed to provide every resident of India with a unique
identification number linked to their biometric data.
Aadhaar,
which includes fingerprint and iris scans, has become the largest biometric
database in the world, with over 1.3 billion enrolled individuals. This massive
undertaking has laid the groundwork for biometric authentication across a wide
array of services, including welfare distribution, banking, e-governance, and
mobile SIM card registration. The government’s push for the Digital India
campaign, which aims to enhance internet access, digital literacy, and
e-governance, has further fueled the growth of biometric solutions.
Government
departments such as the Ministry of Home Affairs have adopted biometric
technologies for enhancing security and law enforcement. For instance, the
introduction of biometric-based police verification for passport issuance,
voter registration, and welfare schemes has streamlined operations and reduced
fraud. These developments have spurred demand for biometric systems in both
public and private sectors, contributing to the rapid growth of the biometric
market in India.
India’s
emphasis on cashless transactions and digital payments has also made biometrics
a crucial element in securing financial services. The introduction of
biometric-enabled Banking Correspondents and the growing adoption of biometric
authentication for transactions at ATMs have improved both security and
convenience, driving adoption rates.
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Based
on Component, The software held the largest market share in 2024. Software has emerged as the dominant segment
in the India biometric market due to its versatility, scalability, and ability
to integrate with a variety of hardware systems. The increasing demand for
biometric solutions, particularly in sectors like banking, government services,
healthcare, and mobile devices, has led to a surge in the adoption of biometric
software that supports multiple modalities (e.g., fingerprint, facial
recognition, iris scanning) and ensures smooth operations in diverse
environments.
The
primary reason for the dominance of biometric software is its flexibility in
adapting to different hardware setups, making it easier for businesses and
government agencies to deploy biometric systems across various use cases. For
example, in the case of mobile banking, biometric software can work across a
variety of smartphones and tablets with different hardware configurations.
Similarly, government programs like Aadhaar rely heavily on software to
integrate biometric data with other databases for identity verification and
welfare distribution.
Biometric
software also enables the automation of processes, reducing human errors and
improving efficiency. This is particularly crucial for large-scale initiatives
such as voter registration, border control, and employee attendance systems.
The software's ability to handle large amounts of biometric data, compare
templates, and perform real-time matching is essential for streamlining
operations, ensuring accuracy, and reducing fraud.
Based
on region, North India is the fastest-growing region in the Indian biometric
market due to several key factors, including the region's increasing adoption
of digital technologies, government initiatives, and growing demand for
security solutions.
The
rapid expansion of digital infrastructure in North India is a significant
driver. With urban centers like Delhi, Chandigarh, and Lucknow witnessing
substantial growth in digital transactions, mobile applications, and online
services, the need for secure and efficient authentication systems has surged.
Biometric solutions, especially fingerprint and facial recognition, are being
adopted extensively in sectors like banking, telecommunications, and
e-governance, where secure identity verification is crucial.
Government
initiatives such as the Aadhaar program have played a critical role in the
growth of biometrics in North India. Aadhaar, which relies heavily on biometric
data (fingerprints and iris scans), has seen widespread implementation in
public welfare schemes, social security, and direct benefit transfers. As the
North Indian population is large and diverse, the region has seen a massive
uptake of Aadhaar-linked services, promoting the use of biometrics for
authentication and reducing fraud. Furthermore, the push for digitizing public
services and streamlining administrative processes in states like Uttar Pradesh
and Haryana has encouraged biometric adoption for voter identification, police
verification, and other government services.
The
rising demand for biometric security in both public and private sectors further
accelerates market growth. As businesses in North India, particularly in metro
cities, prioritize the protection of sensitive customer data and financial
transactions, there is a marked increase in the use of biometric authentication
for mobile banking, digital wallets, and online payment systems.
Major companies
operating in the India Biometric Market are:
- NEC Corporation
- Thales Group
- Fujitsu Limited
- Suprema Co., Ltd.
- IDEMIA
- M2SYS
- Aware, Inc.
- BIO-key International
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“The India biometric market presents
significant growth opportunities, driven by increasing government initiatives,
the rise of digital payments, and the need for secure authentication across
various sectors. With the widespread adoption of biometric technologies in
banking, healthcare, e-governance, and mobile devices, the demand for advanced,
multi-modal biometric solutions is expected to soar. Additionally, the
expansion of biometric systems in rural areas, fueled by government programs
like Aadhaar, presents untapped potential. As India’s digital infrastructure
improves and cybersecurity concerns grow, the biometric market is poised for
substantial expansion, offering lucrative opportunities for technology
providers and stakeholders.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“India Biometric Market, By Technology (Face Recognition, Hand Geometry, Voice
Recognition, Signature Recognition, Iris Recognition, Others), By Functionality
(Contact, Non-Contact, Combined), By Component (Software, Service), By End User
(Government, Defense Services, BFSI, Consumer Electronics, Healthcare,
Transport, Others) By Region, Competition, Forecast & Opportunities, 2020-2030F
”, has evaluated the future growth potential of India Biometric Market and
provides statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the India Biometric Market.
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