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India Biometrics Market: By Technology; By Functionality; By Authentication; By Component; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Price Analysis; Government Regulations; Strategic Recommendations; Competitive Landscape; Industry Events and Developments

India Biometrics Market Outlook 

The India biometrics market size reached a value of almost USD 1.95 billion in the year 2020. The India biometrics market is further expected to grow at a CAGR of 14.5% between 2021 and 2026 to reach a value of almost USD 4.4 billion by 2026. 

The India biometrics market is driven by the rising integration of the product in consumer electronics. The country has witnessed enormous growth in recent years due to its growing adoption of biometrics within government as well as private sectors. The India biometrics market is supporting the growth of the global biometrics market, which is finding impetus in the rising adoption of biometric technologies by banks and organisations to help prevent fraudulent activities.

 

Properties and Applications

Biometrics is a technological authentication method that is utilised in information assurance (IA) for secure access, entry, or data. It fundamentally relies on scanning their physical or biological characteristics, like the face, iris, DNA, palm, fingerprint, retina, and palm veins, which are hard to forge or duplicate. It provides more accurate identification and minimises the risk of undesirable intrusion. Consequently, biometrics technologies are extensively used in banks, public libraries, colleges, schools, corporate and government offices, and consumer electronics like smartphones and tablets.

The biometrics market is segmented on the basis of technology into:

  • Face Recognition
  • Hand Geometry
  • Voice Recognition
  • Signature Recognition
  • Iris Recognition
  • AFIS
  • Non-AFIS
  • Others

On the basis of functionality, the market is divided into:

  • Contact
  • Non-Contact
  • Combined  

By authentication, the biometrics market is divided into:

  • Single-Factor Authentication
  • Multifactor Authentication

On the basis of component, the market is bifurcated into:

  • Hardware  
  • Software

On the basis of end-use, the market is divided into:

  • Government
  • Defence Services
  • Banking and Finance
  • Consumer Electronics
  • Healthcare  
  • Commercial Safety and Security
  • Transport/Visa/Logistics
  • Others  

The report also covers the regional markets of biometrics in India like North India, West and Central India, South India, and East India. 

 

Market Analysis 

The India biometrics market is driven by the rising adoption of several biometric means such as facial, fingerprint, and voice recognition to authenticate their identity, as well as to make payments. The government of India is also using biometric technologies for the purpose of identification and verification of individuals in different e-Governance applications such as E-Passport, UIDAI (Aadhar), Driving License, and RSBY (Rashtriya Swasthya Bima Yojna), among others, thus, supporting the market growth of biometrics in India. Other factors aiding the market growth include an increasing number of smartphone users, enhancing internet connectivity, and growing security concerns.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the India biometrics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • IDEMIA
  • SecuGen India Pvt. Ltd
  • NEC Technologies India Private Limited 
  • 4G Identity Solutions.
  • Honeywell Automation India Limited
  • Others  

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis. 

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Indian Biometrics Market Snapshot
7    Industry Opportunities and Challenges 
8    India Biometrics Market Analysis

    8.1    Key Industry Highlights
    8.2    India Biometrics Historical Market (2016-2020) 
    8.3    India Biometrics Market Forecast (2021-2026)
    8.4    India Biometrics Market by Technology
        8.4.1    Face Recognition
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Hand Geometry
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Voice Recognition
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Signature Recognition
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Iris Recognition
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    AFIS
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Non-AFIS
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2016-2020)
            8.4.7.3    Forecast Trend (2021-2026)
        8.4.8    Others
    8.5    India Biometrics Market by Functionality
        8.5.1    Contact
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Non-Contact
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Combined
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    India Biometrics Market by Authentication
        8.6.1    Single-Factor Authentication
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Multifactor Authentication
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    India Biometrics Market by Component
        8.7.1    Hardware
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Software
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    India Biometrics Market by End Use
        8.8.1    Government
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Defence Services
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Banking and Finance
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
        8.8.4    Consumer Electronics
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2016-2020)
            8.8.4.3    Forecast Trend (2021-2026)
        8.8.5    Healthcare
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2016-2020)
            8.8.5.3    Forecast Trend (2021-2026)
        8.8.6    Commercial Safety and Security
            8.8.6.1    Market Share
            8.8.6.2    Historical Trend (2016-2020)
            8.8.6.3    Forecast Trend (2021-2026)
        8.8.7    Transport/Visa/Logistics
            8.8.7.1    Market Share
            8.8.7.2    Historical Trend (2016-2020)
            8.8.7.3    Forecast Trend (2021-2026)
        8.8.8    Others
    8.9    India Biometrics Market by Region
        8.9.1    Market Share
            8.9.1.1    North India
            8.9.1.2    West and Central India
            8.9.1.3    South India
            8.9.1.4    East India
9    Regional Analysis
    9.1    North India
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    West and Central India
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026
    9.3    South India
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    East India
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    PESTEL Analysis
        10.3.1    Political
        10.3.2    Economic
        10.3.3    Social
        10.3.4    Legal
        10.3.5    Environmental
        10.3.6    Technological
    10.4    EMR’s Key Indicators for Demand
    10.5    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Government Regulations
14    Strategic Recommendations
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players’ Market Share
    15.3    Company Profiles
        15.3.1    IDEMIA
            15.3.1.1    Company Overview
            15.3.1.2    Demographic Reach and Achievements
            15.3.1.3    Certifications
        15.3.2    SecuGen India Pvt.Ltd
            15.3.2.1    Company Overview
            15.3.2.2    Demographic Reach and Achievements
            15.3.2.3    Certifications
        15.3.3     NEC Technologies India Private Limited 
            15.3.3.1    Company Overview
            15.3.3.2    Demographic Reach and Achievements
            15.3.3.3    Certifications
        15.3.4    4G Identity Solutions.
            15.3.4.1    Company Overview
            15.3.4.2    Demographic Reach and Achievements
            15.3.4.3    Certifications
        15.3.5    Honeywell Automation India Limited
            15.3.5.1    Company Overview
            15.3.5.2    Demographic Reach and Achievements
            15.3.5.3    Certifications
        15.3.6    Others
16    Industry Events and Developments


List of Figures and Tables

1.    India Biometrics Market: Key Industry Highlights, 2016 and 2026
2.    India Biometrics Historical Market: Breakup by Technology (USD Billion), 2016-2020
3.    India Biometrics Market Forecast: Breakup by Technology (USD Billion), 2021-2026
4.    India Biometrics Historical Market: Breakup by Functionality (USD Billion), 2016-2020
5.    India Biometrics Market Forecast: Breakup by Functionality (USD Billion), 2021-2026
6.    India Biometrics Historical Market: Breakup by Authentication (USD Billion), 2016-2020
7.    India Biometrics Market Forecast: Breakup by Authentication (USD Billion), 2021-2026
8.    India Biometrics Historical Market: Breakup by Component (USD Billion), 2016-2020
9.    India Biometrics Market Forecast: Breakup by Component (USD Billion), 2021-2026
10.    India Biometrics Historical Market: Breakup by End Use (USD Billion), 2016-2020
11.    India Biometrics Market Forecast: Breakup by End Use (USD Billion), 2021-2026
12.    India Biometrics Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    India Biometrics Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    India Biometrics Market Structure

Key Questions Answered in the Report

In 2020, the India biometrics market attained a value of nearly USD 1.95 billion. 

The market is projected to grow at a CAGR of 14.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 4.4 billion by 2026. 

The major drivers of the industry, such as growing integration of biometrics within government and private sectors, increased acceptance of technology, growing government initiatives to create awareness among consumers, increase in the number of smartphone users, and rising internet penetration in the country, are expected to aid the market growth.

The key market trend guiding the growth of the biometrics market in India include the rapid technological advancements and the growing need for advanced security systems.

The major regions in the industry are North India, West and Central India, South India, and East India. 

The major biometrics technologies in the industry include face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, non-AFIS, and others.

Contact, non-contact, and combined are the major biometrics functionalities in the industry.

Single-factor authentication and multifactor authentication are the significant authentication types in the industry.

Hardware and software are the significant components of biometrics in the industry. 

The major end-use segments of the product include sectors like government, defence services, banking and finance, consumer electronics, healthcare, commercial safety and security, and transport/visa/logistics, among others.

The major players in the industry are IDEMIA, SecuGen India Pvt. Ltd, NEC Technologies India Private Limited, 4G Identity Solutions, and Honeywell Automation India Limited, among others.

Analyst Review

The India biometrics market attained a value of USD 1.95 billion in 2020, driven by the growing government initiatives and rising awareness among consumers regarding the use of biometrics. Aided by the technological advancements and growing security concerns, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 14.5%. The biometrics market is projected to reach USD 4.4 billion by 2026. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technology, the biometrics industry can be segmented into face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, and non-AFIS, among others. On the basis of functionality, the industry is divided into contact, non-contact, and combined. On the basis of authentication, the industry is bifurcated into single-factor authentication and multifactor authentication. Based on components, the industry is divided into hardware and software. On the basis of end uses, the industry is divided into government, defence services, banking and finance, consumer electronics, healthcare, commercial safety and security, and transport/visa/logistics, among others. The major regional markets for biometrics are North India, West and Central India, South India, and East India. The key players in the above market include IDEMIA, SecuGen India Pvt. Ltd, NEC Technologies India Private Limited, 4G Identity Solutions, and Honeywell Automation India Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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