According to the latest report from the IMARC Group titled “Indian Biometrics Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast for 2021-2026”, in India Biometrics Market size reached 5.8 billion Indian rupees in 2020. Looking ahead, the market expects significant growth over the next five years.
Biometrics refers to the process of using biological measurements or physical characteristics of a person as a means of identification. Biometric identifiers are broadly categorized into physiological and behavioral characteristics. While fingerprints, faces, and palms are physiological characteristics, behavioral characteristics include voice recognition and signatures. Since biological characteristics are unique to each person, they are considered one of the most effective and efficient methods of identification. Biometrics is widely used in corporate, industrial and government enterprises to provide fast and reliable access to systems or devices. Fingerprint mapping, iris recognition and facial recognition are some of the most widely used forms of biometric technology for data integrity and access control.
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Note: We track direct impact on a regular basis COVID-19 on the market along with the indirect influence of related industries. These observations will be included in the report.
Biometrics Market Trends in India:
The market is primarily driven by the growing adoption of biometric security systems in the corporate sector in India. These systems are extremely convenient for employees as they eliminate the need to carry identification documents with them. In line with this, the Indian government has also adopted technology for e-passport and e-visa programs. Various other programs also include fingerprint scanning and iris recognition for identity verification. For example, UIDAI (Aadhar) collects biometric data from residents of India for authentication. Moreover, the increasing adoption of biometric identification in smartphones, tablets and laptops has also spurred market growth. Moreover, the rise in disposable income and population growth in the country is driving an increase in the consumption of smartphones and other devices, thereby contributing to market growth. The emergence of multimodal biometrics on the market is expected to create favorable market prospects.
Competitive environment
- IDEMY,
- Secugen India Pvt. LTD,
- NEC Technologies India Pvt. LTD,
- 4G identification solutions,
- HID Corporation,
- eSSL Security,
- 3M India Ltd,
- Honeywell International Inc.,
- Zicom Saas Pvt. LTD,
- Matrix Comsec Pvt. Ltd
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Market Review:
- Based on the technology, the market has been divided into face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, non-AFIS and others.
- In terms of functionality, the market is divided into contact, contactless and combined.
- Based on authentication, the market has split into single and multi-factor authentication.
- Based on the component, the market is subdivided into hardware and software.
- Depending on the end user, the market was divided into government, defense services, banking and finance, consumer electronics, healthcare, commercial security, transport / visa / logistics, and others.
- Geographically, the market was divided into North India, West and Central India, South India and East India.
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