India Biometrics Market By Type (Fingerprint Recognition, Iris Recognition, Facial Recognition, Voice Recognition & Others), By End Use Sector (Government, Banking & Finance, Energy & Power, & Others), Competition Forecast & Opportunities, 2012-2022

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.

Click here to download the brochure

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:

• Market by Type

• Fingerprint Recognition
•  Iris Recognition
•  Facial Recognition
•  Voice Recognition
•  Hand/Palm Recognition
• Others (DNA Recognition, Vein Recognition, Gait Recognition, etc.)

• Market by End Use Sector

• Government
• Banking & Finance
• Energy & Power
• Consumer Electronics
• Others (Retail, Healthcare, Offices, Hotels)

• Market by Region

• South
• West
• North
• East

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