India Biometrics Market Share, Price Trends and Forecast 2019-2024

Press Release:

India Biometrics Market to Witness Strong Growth During 2020-2025, Spurred by Growing Need for Advanced Security Solutions

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Biometrics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The India Biometrics market reached a value of US$ 1.7 Billion in 2018. Biometrics is the process using which an individual’s unique physical and other traits can be recorded by an electronic device as a way to confirm identity. The market for biometrics in India has witnessed strong growth in recent years as a result of its increasing adoption across both government and private sectors. Consumers are increasingly adopting various biometric means such as fingerprint, facial, and voice recognition, to verify their identity as well as to make payments. The Indian government is also adopting biometric technologies for identification and verification of individuals in various e-Governance applications such as UIDAI (Aadhar), E-Passport, RSBY (Rashtriya Swasthya Bima Yojna), Driving License, etc. Some of the other factors driving the Indian biometrics market include rising number of smart phone users, improving internet connectivity, increasing security concerns, etc. Looking forward, we expect the India biometrics market to grow at a CAGR of around 15% during 2019-2024 reaching a value of US$ 3.8 Billion by 2024.

India Biometrics Market Forecast

Report Scope:

Historical, Current and Future Market Trends
Market Breakup by Region
- North India
- West and Central India
- South India
- East India
Market Breakup by Technology
- Face Recognition
- Hand Geometry
- Voice Recognition
- Signature recognition
- Iris recognition
- AFIS
- Non-AFIS
- Others
Market Breakup by Functionality
- Contact
- Non-contact
- Combined
Market Breakup by Authentication
- Single-Factor Authentication
- Multifactor Authentication
Market Breakup by Component
- Hardware
- Software
Market Breakup by End-User
- Government
- Defense Services
- Banking and Finance
- Consumer Electronics
- Healthcare
- Commercial Safety and Security
- Transport/Visa/Logistics
- Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations

Competitive Landscape:

The report has also analysed the competitive landscape of the biometrics market with some of the key players being IDEMIA, SecuGen 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., etc.

Key Questions Answered in This Report:

How has the India biometrics market performed so far and how will it perform in the coming years?
What are the key regional markets in the India biometrics industry?
What is the breakup of the India biometrics market on the basis of technology?
What is the breakup of the India biometrics market on the basis of functionality?
What is the breakup of the India biometrics market on the basis of authentication?
What is the breakup of the India biometrics market on the basis of component?
What is the breakup of the India biometrics market on the basis of end-user?
What are the various stages in the value chain of the India biometrics industry?
What are the key driving factors and challenges in the India biometrics industry?
What is the structure of the India biometrics industry and who are the key players?
What is the degree of competition in the India biometrics industry?
What are the profit margins in the India biometrics industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: India
Segments Covered: technology, functionality, authentication, component, end-user and region

This report provides a deep insight into the India biometrics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for biometrics manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the India biometrics market in any manner.

Report Customization: Although IMARC has tried to cover everything in the biometrics market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.