According to TechSci Research report, “India Biometrics Market - By Region, Competition, Forecast and Opportunities, 2028F,” the India Biometrics market is anticipated to register a robust growth during the forecast period 2024-2028. The biometrics market in India is expanding rapidly, driven by the increased adoption of cutting-edge technology and heightened consumer concerns regarding data security and safety. Biometrics, offering reliable personal recognition schemes, find extensive applications across both public and private sectors.
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Facial recognition systems, among the prominent biometric solutions, are being widely implemented by national and multinational organizations for efficient time and attendance management of staff. These systems monitor working hours and enhance productivity management. Moreover, facial recognition-based access control systems provide robust security in workplaces, preventing unauthorized access and safeguarding against data breaches. This factor is poised to be a key driver of the biometrics market in India in the coming years.
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For instance:
- Tech Mahindra implemented a facial recognition system at its Noida office in July 2018 to track employee attendance.
- The Ministry of Civil Aviation launched the Digi Yatra program, equipping airports like Bengaluru, Hyderabad, Kolkata, Varanasi, Pune, and Vijayawada with facial recognition systems. Hyderabad airport successfully conducted a facial recognition trial in April 2019 under this program.
The India biometrics market is segmented by solution type, functionality type, end-use industry, and region. The market saw significant revenue growth in 2022, particularly driven by advancements in facial recognition technology. Facial recognition algorithms are increasingly used for diverse applications such as social media photo organization, airport security screening enhancement, smartphone authentication, and law enforcement crime-solving.
The southern region of India, characterized by a strong presence of IT/ITeS and manufacturing industries coupled with rapid industrialization, dominated the market in 2022. Looking ahead, the western region, particularly cities like Mumbai and Surat, is expected to emerge as the fastest-growing region due to increasing government initiatives aimed at enhancing security and protection.
Facial recognition systems have also been extensively integrated into various sectors across major cities in the southern region, including local police departments, schools, and commercial estates. This region's high literacy rates, particularly in states like Kerala and Karnataka, contribute to heightened awareness and adoption of advanced technologies.
In conclusion, the biometrics market in India is dynamic, with major companies continually developing advanced technologies and launching innovative products to maintain competitiveness. Targeting regions with high potential, such as the southern and western regions, will be crucial for companies like Panasonic aiming to capitalize on opportunities in facial recognition and authentication software markets.
Major players operating in India Biometrics market include:
- IDEMIA Identity & Security India Private Limited
- SecuGen India Pvt. Limited
- NEC India Pvt. Limited
- 4G Identity Solutions Pvt. Limited
- HID India Private Limited
- eSSL Security
- 3M India Limited
- Honeywell Automation India Limited
- Zicom Electronic Security Systems Limited
- Mantra Softech (India) Pvt. Limited
- AutoID Systems
- BioEnable Technologies Pvt. Limited.
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“India Biometrics Market is anticipated to grow at a steady pace during the forecast period. However, the market saw a decline in the Y-o-Y growth due to the COVID-19 pandemic all over the globe, but the factors like worldwide adoption of digital revolution and mandatory digital identity law reforms, increasing concerns over security, rising industrial spending, increasing R&D, change in attitude of consumers, among others, are anticipated to propel the demand for biometrics across the country over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Biometrics Market By Solution Type (Fingerprint Recognition, Facial Recognition, Iris Scanner, Hand/Palm Recognition, Voice Recognition, Vein Scanner, Others), By Functionality Type (Contact Based, Contact Less, Hybrid), By End-Use Industry (Government and Defense, BFSI, Consumer Electronics, IT and Telecom, Healthcare and Lifesciences, Retail and E-commerce, Others), By Region, Competition Forecast and Opportunities, 2028F” has evaluated the future growth potential of India Biometrics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Biometrics market.
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