The India biometrics market reached a value of INR 5.8 Billion in 2020. 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. Looking forward, IMARC Group expects the India biometrics market to exhibit strong growth during the next five years.
Historical, Current and Future Market Trends
Market Breakup by Region
West and Central India
Market Breakup by Technology
Market Breakup by Functionality
Market Breakup by Authentication
Market Breakup by Component
Market Breakup by End-User
Banking and Finance
Commercial Safety and Security
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., Matrix Comsec Pvt. Ltd., etc.
Key questions answered in this report:
How has the India biometrics market performed so far and how will it perform in the coming years?
What are the key regional markets in the India biometrics industry?
What has been the impact of COVID-19 on the India biometrics industry?
What is the breakup of the India biometrics market on the basis of technology?
What is the breakup of the India biometrics market on the basis of functionality?
What is the breakup of the India biometrics market on the basis of authentication?
What is the breakup of the India biometrics market on the basis of component?
What is the breakup of the India biometrics market on the basis of end-user?
What are the various stages in the value chain of the India biometrics industry?
What are the key driving factors and challenges in the India biometrics industry?
What is the structure of the India biometrics industry and who are the key players?
What is the degree of competition in the India biometrics industry?
What are the profit margins in the India biometrics industry?
Base Year Considered: 2020
Historical Data Coverage: 2015-2020
Market Forecast: 2021-2026
Geography Covered: India
Segments Covered: technology, functionality, authentication, component, end-user and region
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.