India Biometrics Market Share Analysis, Forecast 2024-32

Creator: IMARC Group
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Keywords: Indian Biometrics Market Report,

India Biometrics Market Report by Technology (Face Recognition, Hand Geometry, Voice Recognition, Signature recognition, Iris recognition, AFIS, Non-AFIS, and Others), Functionality (Contact, Non-contact, Combined), Authentication (Single-Factor Authentication, Multifactor Authentication), Component (Hardware, Software), End-User (Government, Defense Services, Banking and Finance, Consumer Electronics, Healthcare, Commercial Safety and Security, Transport/Visa/Logistics, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1209

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Market Overview:

The India biometrics market size reached INR 21,541.1 Crores in 2023. Looking forward, IMARC Group expects the market to reach INR 65,858.3 Crores by 2032, exhibiting a growth rate (CAGR) of 12.8% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	INR 21,541.1 Crores
Market Forecast in 2032	INR 65,858.3 Crores
Market Growth Rate 2024-2032	12.8%

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India biometrics market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on technology, functionality, authentication, component and end-user.

Breakup by Region:

North India
West and Central India
South India
East India

Breakup by Technology:

Face Recognition
Hand Geometry
Voice Recognition
Signature recognition
Iris recognition
AFIS
Non-AFIS
Others

Breakup by Functionality:

Contact
Non-contact
Combined

Breakup by Authentication:

Single-Factor Authentication
Multifactor Authentication

Breakup by Component:

Hardware
Software

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 Technologies India Pvt. Ltd, 4G Identity Solutions, HID Corporation, eSSL Security, 3M India Ltd, Honeywell International Inc., Zicom Saas Pvt. Ltd., and Matrix Comsec Pvt. Ltd.

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 Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	INR Crores
Segment Coverage	Technology, Functionality, Authentication, Component, End-User, Region
Region Covered	North India, West and Central India, South India, East India
Companies Covered	IDEMIA, Secugen India Pvt. Ltd., NEC Technologies India Pvt. Ltd, 4G Identity Solutions, HID Corporation, eSSL Security, 3M India Ltd, Honeywell International Inc., Zicom Saas Pvt. Ltd., and Matrix Comsec Pvt. Ltd.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The India biometrics market was valued at INR 21,541.1 Crores in 2023.

We expect the India biometrics market to exhibit a CAGR of 12.8% during 2024-2032.

The rising adoption of biometric security systems across the corporate and industrial facilities to eliminate the need for carrying identification cards and ensure reliable access to devices is primarily driving the India biometrics market.

The sudden outbreak of the COVID-19 pandemic has led to a changing consumer inclination from touch-based biometrics towards contactless biometrics systems that are based on facial recognition, sensors, voice stimulation, etc., to prevent the further transmission of the coronavirus infection across the nation.

Based on the technology, the India biometrics market can be bifurcated into face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, non-AFIS, and others. Among these, non-AFIS technology currently holds the majority of the total market share.

Based on the functionality, the India biometrics market has been segmented into contact, non-contact, and combined. Currently, contact accounts for the largest market share.

Based on the authentication, the India biometrics market can be divided into single-factor authentication and multifactor authentication, where single-factor authentication currently exhibits clear dominance in the market.

Based on the component, the India biometrics market has been segregated into hardware and software. Currently, hardware holds the majority of the total market share.

Based on the end-user, the India biometrics market can be bifurcated into government, defense services, banking and finance, consumer electronics, healthcare, commercial safety and security, transport/visa/logistics, and others. Among these, the government sector exhibits clear dominance in the market.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India biometrics market.

Some of the major players in the India biometrics market include IDEMIA, Secugen India Pvt. Ltd., NEC Technologies India Pvt. Ltd, 4G Identity Solutions, HID Corporation, eSSL Security, 3M India Ltd, Honeywell International Inc., Zicom Saas Pvt. Ltd., and Matrix Comsec Pvt. Ltd.

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