The market biometrics devices in India is growling rapidly due to data thefts, government programmes and need for advanced security systems. India is one of the fastest growing biometrics markets of the world, where majority of the market revenues are generated by government, travel and transportation application. According to a report from 6Wresearch, the share of these industries is likely to decline due to increasing penetration and adoption in other application markets such as healthcare, banking and finance, retail and commercial offices. In India’s biometrics market, fingerprint biometrics technology has dominated the market and is anticipated to maintain its lead in future as well. Ease of usage and higher affordability are the factors which have spurred the market for fingerprint biometrics technology in the country
According to 6Wresearch, India’s fingerprint biometrics market is projected to grow at a CAGR of 35.1 per cent during 2014-20. Sagem Morpho is the leading supplier for the fingerprint biometric systems in the government application, whereas eSSL Security accounted for majority of shipments for fingerprint based time and attendance systems. The report, ‘India Fingerprint Biometrics Market (2014-2020)’ estimates and forecast, overall India biometrics market by revenue and volume, fingerprint biometrics market by revenue, volume, application such as government, travel and transportation, banking and finance, healthcare, retail, commercial offices and others. The report also gives insights on competitive landscape, market share, product matrix, price point analysis, competitive benchmarking and positioning, latest market trends, drivers, restraints and opportunities.
- Advertisement -
