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India Biometric Authentication Market by Offerings(Hardware, Software, Services), by Technology (Single Factor, Two-Factor, Multi-Factor), by Deployment (Web Based, iOS, Android, On-premise), by Functionality (contact, non-contact, Hybrid), by Organizatio

11-19-2020 06:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: i2i Research LLP

India Biometric Authentication Market by Offerings(Hardware,

The biometric authentication market in India in 2018 was valued at USD 656 million and is expected to reach USD 2308 million by 2026, growing at a CAGR of 17.0% during the forecast period. Increased adoption of facial and voice recognition in smartphones, rising use of biometrics for Aadhar verification, border security, and inclination towards cloud based biometric solutions will boost the demand for biometric authentication in India during the forecast period.

Key Findings from the report
1. In the base year 2018, the hardware segment held the highest market share of 47.9%, followed by the software and services segment with market share of 40.4% and 11.7% respectively. However, in the coming years, the software segment is expected to witness the highest CAGR of 21.4% from 2019 to 2026.
2. The two-factor authentication segment is expected to witness significant growth during the forecast period. Two factor authentication prevents the number of frauds that are happening and therefore, it has been increasingly used in recent years in the banking and financial sector.
3. On-premise segment accounted for a market share 35.8% in 2018 and is expected to reach 33.5% by 2026. In an on-premises environment, enterprises retain all their data and are fully in control of what happens to it, for better or worse. Companies in highly regulated industries with extra privacy concerns are more likely to hesitate to leap into the cloud before others because of this reason
Report Link
For more details on “India Biometric Authentication” Market Report:
https://i2iresearch.com/report/biometric-authentication-market-report-india-market-forecast-2019-2026/

What this report Offers
This report covers an in-depth analysis of the India Biometric Authentication market including statistical and qualitative data points with emphasis on the market dynamics including the drivers, opportunities & restraints.
There is a coverage of market dynamics at country level in the respective regional segments. The report comprises competitive analysis with focus on key players and participants of India Biometric Authentication market covering in-depth data related to competitive landscape, positioning, company profiles, key strategies adopted and product-profiling with focus on market growth and potential.

To avail a copy of the sample of the India Biometric Authentication Market Report:

https://i2iresearch.com/report/biometric-authentication-market-report-india-market-forecast-2019-2026/

Key Segmentations in this report

1. India Biometric Authentication Market, by Offering
1.1. Hardware
1.2. Software
1.3. Services
2. India Biometric Authentication Market, by Technology
2.1. Single Factor
2.2. Two Factor
2.3. Multi Factor
3. India Biometric Authentication Market, by Deployment
3.1. Web Based
3.2. iOS
3.3. Android
3.4. On-Premise
4. India Biometric Authentication Market, by Functionality
4.1. Contact
4.2. Non-Contact
4.3. Hybrid
5. India Biometric Authentication Market, by Organization Size
5.1. Individuals
5.2. Small & Medium Enterprise
5.3. Large Enterprise
6. India Biometric Authentication Market, End Use Industry
6.1. Commercial Offices
6.2. Public Institutions
6.3. Military & Defense
6.4. Healthcare
6.5. Banking & finance
6.6. Consumer Electronics
6.7. Building & Construction
6.8. Government
6.9. Others

For a detailed table of content of the India Biometric Authentication Market Report:
https://i2iresearch.com/report/biometric-authentication-market-report-india-market-forecast-2019-2026/

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