Indian Biometric Market – Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027

According to the latest report by GMI Research, Indian Biometric Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Biometric Market in India analyzes the impact of the COVID-19 pandemic and represents that the market is expected to bounce back in 2021 over 2020 and estimated to grow at a higher growth rate from 2022 onwards. Biometrics refers to the method of using a person’s behavioral and physical characteristics as a means of authentic identity for them. These characteristics are unique to every individual. The biometric system is rapidly developing in the field of security and surveillance. The behavioral characteristics consist of the person’s voice, keystroke & signature, whereas the physical characteristics consist of the fingerprint, face, hand, iris, and DNA of an individual.

Competitive Landscape: The Indian Biometric Market report also scans the competitive landscape and profiles the major players operating in the market, including Gemalto, HID India Pvt. Ltd., Honeywell Automation India Ltd., IDEMIA, 4G Identity solutions Ltd., NEC, eSSL securities, Matric Telecom Security, Zicom Electronic security systems Ltd., and Biomatique.

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The significant factors such as the long-standing problem of identity proof, which is unique to every individual, the growing requirement for technologically advanced security and surveillance are contributing to the surging demand of the Biometric Market in India. The concept of ePassport and eVisa is another field that is bringing growth of biometrics in India. Additionally, the biometrics are being increasingly used for various other applications such as Law enforcement, Healthcare, Personal and National security, and Governments.

Various government initiatives are being launched to implement this technology into numerous national-level policies and identification applications. India’s AADHAR project is a remarkable example of this system and is the largest biometric identification system around the world. The emergence of coronavirus crisis has brought the biometrics systems into the spotlight for early detection, patient screening, and public safety monitoring to minimize the spread of COVID-19. Furthermore, the accelerating application of biometrics in face recognition and surveillance operations systems to detect individuals who are not wearing protective masks is another factor that is drastically increasing the demand of the market.

Many financial institutions, such as the banks are planning to convert their customer base identification through biometrics. Moreover, the dropping prices of biometrics technology is will complement the growing demand of the market in the coming years.

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Market Segments:

Breakup by Type:

• Behavioural
• Signature
• Voice
• Others
• Physiological
• Face
• Fingerprint
• Hand
• Iris
• DNA
• Others

Breakup by End Users:

• Banking and Financial Institutions
• Government Institutions
• Hospitals and Healthcare Units
• Public and Private Offices
• Others

Breakup by Functionality:

• Unimodal
• Multimodal

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