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India Biometrics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1209
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Market Overview:
The India biometrics market size reached INR 18,782.0 Crores in 2022. Looking forward, IMARC Group expects the market to reach INR 42,746.0 Crores by 2028, exhibiting a growth rate (CAGR) of 14.63% during 2023-2028.
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 2023-2028. 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 | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| 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$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| 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) |
The India biometrics market was valued at INR 18,782.0 Crores in 2022.
We expect the India biometrics market to exhibit a CAGR of 14.63% during 2023-2028.
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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