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The India biometrics market reached a value of INR 5.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the India biometrics market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on technology, functionality, authentication, component and end-user.
Breakup by Region:
Breakup by Technology:
Breakup by Functionality:
Breakup by Authentication:
Breakup by Component:
Breakup by End-User:
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
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. and Matrix Comsec Pvt. Ltd., etc.
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.
|Base Year of the Analysis||2020|
|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 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. and Matrix Comsec Pvt. Ltd.|
|Customization Scope||10% Free Customization|
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Key Questions Answered in This Report:
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