openPR Logo
Press release

India Biometrics Market to Reach USD 13.42 Billion by 2027, Fueled by Government Initiatives and Digital Banking

India Biometrics Market

India Biometrics Market

Rising adoption of biometric authentication across government, banking, and healthcare sectors is fueling robust market expansion.

According to a new report, the India Biometrics Market was valued at USD 5.8 billion in 2021 and is projected to reach USD 13.42 billion by 2027, growing at a CAGR of 15% during the forecast period. Growth is driven by government programs such as e-passports, the integration of biometrics in banking, and the widespread use of biometric authentication in smartphones and public security.

For full access to the data, request a sample report now : https://www.maximizemarketresearch.com/request-sample/44361/

Key Highlights

Market Size & Growth: Valued at USD 5.8 Bn in 2021; projected to reach USD 13.42 Bn by 2027 at 15% CAGR.

Leading Segment: Government vertical dominated in 2021, supported by large-scale identification schemes and subsidy distribution.

Regional Leader: Western India accounted for the largest market share in 2021.

Key Drivers: E-passport program, digital banking, healthcare security, AI and ML-driven biometric systems, and rising demand for contactless authentication.

Major Players: IDEMIA, SecuGen India Pvt. Ltd, NEC India Pvt. Ltd, HID India Pvt. Ltd, 4G Identity Solutions Pvt. Ltd, among others.

Market Outlook

The India biometrics market is expanding rapidly as both public and private sectors embrace advanced authentication systems. Government-led initiatives, including biometric civic IDs and voter verification, are driving large-scale adoption. Biometric systems are also increasingly used in consumer electronics, banking, defense, and healthcare, providing enhanced security and reducing fraud.

Regional Insights

The western region of India led the market in 2021, benefiting from higher adoption rates across government services and financial institutions. Continued infrastructure development and digital transformation initiatives are expected to reinforce this regional dominance.

Get a deeper look at the data by requesting a sample report today : https://www.maximizemarketresearch.com/market-report/india-biometrics-market/44361/

Key Players

Prominent companies operating in the India biometrics market include:

IDEMIA

SecuGen India Pvt. Ltd

NEC India Pvt. Ltd

HID India Pvt. Ltd

4G Identity Solutions Pvt. Ltd

ESSL Security

Honeywell Automation India Ltd

Mantra Softech (India) Pvt. Ltd

These players are investing in R&D to enhance multi-factor authentication systems and expand into contactless biometric solutions.

Analyst Quote

India's biometrics market is witnessing a paradigm shift, fueled by digital transformation and government-backed initiatives. The increasing need for secure, contactless authentication across industries such as banking and healthcare is accelerating adoption," said a lead analyst of the report.

⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.

About Us

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release India Biometrics Market to Reach USD 13.42 Billion by 2027, Fueled by Government Initiatives and Digital Banking here

News-ID: 4174746 • Views:

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Industrial Internet of Things (IIoT) Market Outlook and Future Trends - Expected to Reach USD 298.25 Billion by 2030
Industrial Internet of Things (IIoT) Market Outlook and Future Trends - Expected …
Industrial Internet of Things (IIoT) Market size was valued at USD 182.13 Billion in 2023 and the total Industrial Internet of Things (IIoT) revenue is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching nearly USD 298.25 Billion by 2030. Industrial Internet of Things (IIoT) Market Overview: The Industrial Internet of Things (IIoT) Market is transforming industrial operations by connecting machines, sensors, and devices to generate real-time data
Edge AI Market Outlook and Future Trends - Expected to Reach USD 90.77 Billion by 2032
Edge AI Market Outlook and Future Trends - Expected to Reach USD 90.77 Billion b …
Edge AI Market size was valued at USD 20.97 Billion in 2024 and the total Edge AI revenue is expected to grow at a CAGR of 20.1% from 2025 to 2032, reaching nearly USD 90.77 Billion. Edge AI Market Overview: The Edge AI Market is revolutionizing how artificial intelligence operates by bringing computation and data processing closer to the data source instead of relying solely on centralized cloud systems. This decentralized approach
Marine Coatings Market to Reach USD 10.20 Billion by 2032, Growing at a CAGR of 6.24% (2025-2032)
Marine Coatings Market to Reach USD 10.20 Billion by 2032, Growing at a CAGR of …
Marine Coatings Market was valued at USD 6.28 Billion in 2024, and it is expected to reach USD 10.20 Billion by 2032, exhibiting a CAGR of 6.24% during the forecast period (2025-2032). Marine Coatings Market Overview Marine coatings are specialized coatings applied to ships and marine vessels to enhance aesthetics, protect against corrosion and fouling below the waterline, and resist the effects of UV radiation, chemicals, and impact above the waterline. These
Smart Bathroom Market Outlook and Future Trends - Expected to Reach USD 10.95 Billion by 2032
Smart Bathroom Market Outlook and Future Trends - Expected to Reach USD 10.95 Bi …
Smart Bathroom Market size was valued at USD 4.92 Billion in 2024 and the total Smart Bathroom revenue is expected to grow at a CAGR of 10.5% from 2025 to 2032, reaching nearly USD 10.95 Billion. Smart Bathrooms Market Overview: The Smart Bathrooms Market has gained significant momentum as modern consumers increasingly prioritize convenience, sustainability, and luxury in home design. A smart bathroom integrates advanced technologies such as automated faucets, intelligent toilets,

All 5 Releases


More Releases for India

India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035). India Smart Air Purifier Market Overview The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the
12-11-2018 | Health & Medicine
Pasta
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will