India biometrics
market stood at $ 778 million in 2016 and is forecast to exhibit a CAGR of 26% through
2022, on account of growing number
of government initiatives, increasing internet and smartphone penetration,
rising demand for security and protection against identity theft, data loss,
etc. Government sector accounted for the largest revenue share in India
biometrics market in 2016, primarily due to increasing government initiatives
such as Digital India, which started with Aadhar program and has now extended
with e-visas, e-passports, e-travel tickets (e-yatra), etc. This sector is
anticipated to further continue to be a major revenue generator due to countrywide
adoption of digital revolution and mandate digital identity law reforms. Government
sector is followed by banking & finance, energy & power, and consumer
electronics sectors.
Years
considered for this report:
Historical Years: 2012-2015
Base Year: 2016
Estimated Year: 2017
Forecast Period: 2018–2022
Objective
of the Study:
- To define, classify and forecast India biometrics
market based on technology type, end user, region and company.
- To analyze and forecast India biometrics
market size.
- To scrutinize the detailed market
segmentation and forecast the market size, in terms of value, and on the
basis of end use sector by segmenting India biometrics market into five sectors,
namely, government, banking & finance, energy & power, consumer
electronics and others (hotels, healthcare, retail, etc.).
- To analyze and forecast the market size,
in terms of technology types with respect to key types such as fingerprint
recognition, iris recognition, facial recognition, voice recognition &
others.
- To identify the drivers and challenges for
India biometrics market.
- To strategically profile
leading players in the market which are driving the innovation and technological
advancements in India biometrics market.
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Some of the leading players operating
in India biometrics market include IDEMIA, SecuGen India Pvt. Ltd., NEC India
Pvt. Ltd, eSSL Security, 3M India Ltd., HID India Private Limited, Honeywell
Automation India Ltd., Zicom Electronic Security Systems Ltd., 4G Identity
Solutions Pvt. Ltd. and Matrix Comsec Pvt. Ltd.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of countrywide biometric technologies and
solution providers and procurers. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. TechSci Research further
analyzed the product offerings or variants, end user sectors, and regional
presence of major biometric technology solution providers across India.
TechSci Research calculated the
market size for India biometrics market using a bottom-up approach, where data
for different components for standard applications (government, banking & finance, energy & power,
consumer electronics and others) was
recorded and forecast for future years. TechSci Research sourced these values
from industry experts and company representatives and these were externally
validated by analyzing historical data of biometrics market to arrive at the
overall market size. Various secondary sources such as company websites, annual
reports, World Bank website, Government websites, press releases, white papers,
investor presentations and financial reports were also reviewed by TechSci
Research.
Key Target
Audience:
- Biometrics technology solution providers
- Digital and physical security providing
bodies and companies
- End users of biometrics technology such
as government, banking & finance, energy & power, consumer
electronics and others
- Associations, organizations, forums and
alliances associated with biometrics based technology platforms and start-ups
- Government bodies such as regulating authorities
and policy makers
- Research & development organizations
and consulting firms
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders such as biometric technology and solution providers, security
providing bodies, companies, customers and policy makers. The report would
enable the stakeholders in identifying which market segments should be targeted
in the coming years and accordingly strategize
investments and capitalize on the growth opportunities.
Report Scope:
In this report,
biometrics market has been segmented into the following categories in addition
to the industry trends which have also been detailed below:
- Fingerprint Recognition
- Iris Recognition
- Facial Recognition
- Voice Recognition
- Hand/Palm Recognition
- Others (DNA Recognition, Vein Recognition, Gait Recognition, etc.)
- Government
- Banking & Finance
- Energy & Power
- Consumer Electronics
- Others (Retail, Healthcare, Offices, Hotels)
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies providing
biometrics technology solutions and services
Available
Customizations:
With the given
market data, TechSci Research offers customizations according to the company’s
specific needs. The following customization options are available for the
report:
·
5 more players operating in India biometrics market
·
Further bifurcation in the regional markets
In case of you can’t find
what you are looking for, then please get in touch with our custom research
team at sales@techsciresearch.com