India Biometrics Authentication and Identification Market – Estimation & Forecast (2015-2020)

Market Overview

Biometrics refers to varied set of technologies used for measuring and evaluating human body characteristics, like fingerprints, irises and retinas, vocal and facial patterns for authentication and identification purposes. A prominent rise in the embracing of biometrics technology can be seen in India over the last five years. In addition to the most high-flying and well-liked technique of biometric authentication, which is fingerprint recognition, additional means of biometric authentication are swiftly gaining traction in the country on account of the rising need for data security in miscellaneous sectors. Government initiatives such as issuance of e-passports and emergence of e-banking and visa employing biometric systems for identification and authentication purposes, have been enormously boosting the use of biometric technology.

The growth of Biometrics in India is predicted to be massive on account of the proliferated uses of biometric devices in public as well as private sectors. The need for enhanced security and to authenticate the access to confidential data has made the use of biometric devices mandatory for better performance of the organization. The report segments the market by end-user and geography. The report finds the major drivers for the face and voice biometrics market include growth in e-passport program, government support, biometrics in smartphones, use of biometric technology in banking and healthcare, extensive use in criminal identification, use of biometric technologies in election administration and growing need for large scale supervision at public meetings.

As for the key challenges standing in the way of market growth, the report finds that the fear of privacy intrusion and high cost of systems are greatly impacting vendors. On the other hand, there are several key opportunities for face and voice biometrics system in the e-commerce and cloud computing space, according to the report. The report also includes profiles of some major market players along with key challenges this industry is currently facing.