Press release
India Biometrics Market Size Cross to Revenue INR 42,746.0 Crores by 2028 | CAGR of 14.63%
Biometrics represent the processes used to authenticate, recognize, and identify people based on their physical or behavioral characteristics. They compare the identity of an individual to the information template already stored in the database. Biometrics identifiers can be categorized into two categories, such as behavioral and physiological characteristics. Physiological characteristics include palm prints, face, DNA, iris, palm veins, fingerprints, retina, and hand geometry, whereas behavioral characteristics consist of voice and signature recognition and typing patterns. As a result, biometrics finds widespread applications across various industries, such as healthcare, consumer electronics, banking and finance, commercial safety and security, transport, logistics, etc.
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India Biometrics Market Trends and Drivers:
The elevating security concerns, on account of the increasing instances of cybercrimes, are among the primary factors fueling the India biometrics market. Besides this, the escalating demand for this technology across airports and borders for more accurate citizen identification is further augmenting the market growth. Moreover, the launch of several policies by the government bodies to extensively invest in the development of biometric national identity card (ID) systems to prevent theft and identity fraud is also catalyzing the market across India. Apart from this, the rising need for this technology in restaurants, hotels, and cafes for allowing individuals to register without an ID is acting as another significant growth-inducing factor. Additionally, the growing popularity of this system, as it delivers a cost-effective solution for ensuring high-end assurance and security, is also stimulating the market growth. Furthermore, the inflating requirement for remote, secure, and accurate access to treatment plans and medical records in the healthcare industry is anticipated to propel the India biometrics market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
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
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape with Key Player:
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.
Matrix Comsec Pvt. Ltd.
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