India Biometric Market Forecast Report 2020 – 2027 – Top Key Players Analysis


Posted August 11, 2020 by shaqibakram

This report focuses on the India Biometric market status, forecast, growth opportunities, key development, and the leading players in the market.

 
The GMI Research adds new research on the India Biometric market, a detailed analysis of this business space, including the emerging market trends, competitive landscape, and market size. The report covers various parameters among different segment analysis, the growth landscape, and an in-depth study of the industry’s competitive scenario.

Leading Players of the India Biometric market:

The major players in the market include Zicom Electronic security systems Ltd., NEC, Gemalto, Honeywell Automation India Ltd., IDEMIA, HID India Pvt. Ltd., 4G Identity solutions Ltd., eSSL securities, Matric Telecom Security, and Biomatiques, among others.

Key Drivers of the India Biometric market:

The rising usage of biometric devices in public as well as the private sector in India, is a major factor that is surging the growth of the India Biometric market size. The growing need for enhanced security and to authenticate the access for confidential data and information is further bringing various opportunities for the growth of the biometric market in India. Moreover, the consumers are increasingly adopting various biometric means, including fingerprint, facial, and voice recognition to verify their identity and make payments accordingly. The government of India is widely using biometric technology for different applications, such as UIDAI (Aadhar), E-Passport, RSBY (Rashtriya Swasthya Bima Yojna), driving license, and other programs. The increasing application of biometrics in different sectors will further boost the growth of the India Biometric market share in terms of revenue.

The growing penetration of smartphones, high-speed internet connectivity, and rising security concerns is encouraging the end-users to opt for biometric technology to improved security and safety level. The outbreak of COVID-19 will drastically surge the demand for biometrics, especially in 2020. The growing focus on staying at home and maintaining social distance is driving people indoors, which is increasing the utilization of the internet and other services to facilitate the normal operation of daily life from home. The biometric algorithm based advanced technologies, such as AI and machine learning, is supporting the government and private companies to connect remotely with their workforces. The rising population working from home during the coronavirus pandemic has placed the biometrics sector on a highly beneficial position in the Indian economy. The combination of these factors will have a positive influence on the market’s growth.

Market Segmentation of the India Biometric market:

This report focuses on the India Biometric market status, forecast, growth opportunities, key development, and the leading players in the market.

Segment by Authentication Type:

Single-Factor Authentication
o Fingerprint Recognition

AFIS
Non-AFIS
o Iris Recognition

o Palm Print Recognition

o Face Recognition

o Vein Recognition

o Signature Recognition

o Voice Recognition

o Others

DNA Recognition
Keystroke Recognition
Gait Recognition
Otoacoustic Emissions
Multi-Factor Authentication
o Smart Card with Biometrics

o Pin with Biometrics

o Multimodal Biometric

Segment by Offering:

Hardware
o Fingerprint Readers

o Scanners

o Cameras

o Others

Software
Segment by Functionality:

Contact Functionality
Non-Contact Functionality
Combined Functionality
Segment by End-User:

Government
Military & Defense
Healthcare
Banking & Finance
Consumer Electronics
Travel & Immigration
Automotive
Security
o Residential Security

o Commercial Security

Others
About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to helping businesses stay ahead of the curve.

Visit us: https://www.gmiresearch.com/report/india-biometric-market/
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Last Updated August 11, 2020