India Biometrics Market is Expected to Register a 11.98% CAGR Through 2031F
India biometrics market
is led by the Government & Defense segment, driven by large-scale digital
identity and security initiatives, during the forecast period.
According to
TechSci Research report, “India Biometrics Market – By Region,
Competition, Forecast and Opportunities, 2021-2031F”, India Biometrics Market was
valued at USD 3.24 Billion in 2025 and is expected to reach USD 6.39 Billion by
2031 with a CAGR of 11.98% during the forecast period.
The financial services
ecosystem—including traditional banks, fintech startups, and non‑banking financial companies
(NBFCs)—is aggressively deploying biometrics to reduce fraud, streamline
onboarding, and meet regulatory compliance. Biometric authentication for
account opening, credit applications, and in‑store transactions is
becoming standard practice. Integration of biometric biometric iris-equipped
Automatic Teller Machines and kiosk-based enrollment facilities stem from the
objective of reducing human intervention while enhancing customer convenience,
especially in underserved rural and semi-urban regions.
Fintech companies are rolling
out biometric point-of-sale solutions to onboard merchants and customers
without paperwork, leveraging fingerprint or facial recognition to comply with
know-your-customer (KYC) regulations. Microfinance institutions and rural
credit networks are using portable biometric scanners to authenticate borrowers
in remote villages, reducing identity fraud and empowering financial inclusion.
These financial deployments are delivering tangible ROI via reduced incidence
of identity theft, streamlined credit servicing, and faster transaction
settlement. As of the first quarter of 2025, more than 75 percent of new
savings and current accounts in India were opened using biometric-based
know-your-customer (KYC) processes. Concurrently, banks that adopted biometric
authentication—particularly at automatic teller machines (ATMs) and
point-of-sale terminals—reported a nearly 20 percent reduction in digital
transaction fraud, as outlined in their publicly available quarterly
disclosures and technology audit summaries.
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Based on End-Use Industry, BFSI
segment has emerged as the fastest-growing segment, driven by rising demand for
secure and seamless customer authentication. Financial institutions are
increasingly adopting biometric technologies such as fingerprint and facial
recognition to enable frictionless eKYC (electronic Know Your Customer), secure
digital onboarding, and fraud prevention. With the rapid expansion of digital
banking and fintech services, particularly in rural and semi-urban regions,
biometrics has become a critical enabler of inclusive financial access.
Government-backed initiatives like Jan Dhan Yojana and Aadhaar-linked banking
have further strengthened the case for biometric integration in the BFSI space.
The shift toward mobile
banking and contactless payments has accelerated the use of biometric
authentication for account logins, transaction approvals, and identity
verification. As cybersecurity threats grow, banks and insurance providers are
prioritizing multi-factor authentication strategies that combine biometrics
with traditional security measures. Major private and public sector banks are
investing in advanced biometric infrastructure to enhance customer trust and
regulatory compliance. With increasing digital penetration and rising customer
expectations for convenience and safety, the BFSI segment is expected to
sustain its high growth trajectory within India’s biometrics market.
Based on Region, North India
has rapidly emerged as the fastest-growing region in the Indian biometrics
market, driven by significant government investments, expanding infrastructure,
and increasing adoption of digital identity solutions across public services.
States like Delhi, Uttar Pradesh, Haryana, and Punjab have aggressively
implemented biometric systems in areas such as law enforcement, transportation,
and e-governance. Projects like smart policing, e-district services, and
welfare delivery are heavily reliant on fingerprint and facial recognition
systems for ensuring transparency and security. The widespread integration of
biometric authentication in ration distribution, pension schemes, and municipal
services is further fueling demand in both urban and semi-urban areas.
The rapid pace of
urbanization, growth in IT-enabled services, and expansion of fintech and
digital payment ecosystems have contributed to the rising use of biometric
technologies in sectors such as banking, healthcare, and retail. With increased
smartphone penetration and improved digital literacy, consumers are becoming
more comfortable with facial and fingerprint recognition for everyday tasks.
The presence of key biometric solution providers and active public-private
partnerships is helping accelerate the region’s digital transformation, making
North India a high-potential growth hub within the country’s overall biometric
landscape.
Major companies
operating in the India Biometrics Market are:
- NEC Corporation
- Thales Group
- IDEMIA Group
- HID Global Corporation
- Mantra Softech India Pvt. Ltd.
- IriTech, Inc.
- Futronic Technology Company Limited
- Dahua Technology Co., Ltd.
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“The India biometrics market
is poised for robust growth, driven by expanding government digital identity
programs, rising demand for secure authentication in financial services, and
widespread adoption in smartphones and consumer electronics. Advancements in
artificial intelligence, contactless modalities, and cloud-based biometric
platforms will further accelerate deployment across sectors such as healthcare,
retail, and transportation. Increasing digital literacy, regulatory push for
eKYC, and smart city initiatives will enhance biometric integration in everyday
services. With a projected compound annual growth rate of over 12 percent, the
market is expected to more than double by 2033, establishing India as a global
leader in biometric innovation.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“India Biometrics Market By Solution Type
(Fingerprint Recognition, Facial Recognition, Iris Scanner, Hand/Palm
Recognition, Voice Recognition, Vein Scanner, Others), By Functionality Type
(Contact Based, Contact Less, Hybrid), By End-Use Industry (Government &
Defense, BFSI, Consumer Electronics, IT & Telecom, Healthcare &
Lifesciences, Retail & E-commerce, Others), By Region, Competition,
Forecast & Opportunities, 2021-2031F”, has evaluated the future growth potential of India Biometrics 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 Biometrics Market.
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