Biometrics Market in India 2010-2014

Countries covered: India TechNavio's analysts forecast the Biometrics market in India to grow at a CAGR of 42.4 percent over the period 2010-2014. One of the key factors contributing to this market growth is the implementation of biometrics in large-scale government projects. The Biometrics market in India has also been witnessing the increase in adoption of biometrics solutions in enterprises. However, lack of unified standards could pose a challenge to the growth of this market. TechNavio's report, Biometrics Market in India 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on India; it also covers the Indian Biometric market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors dominating this market space include Sagem Morpho Securities Pvt Ltd, Suprema Inc., and Nippon Electric Company (NEC) Corp. Key questions answered in this report: What will the market size be in 2014 and at what rate will it grow? What key trends is this market subject to? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?

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Press Release

TechNavio Announces the Publication of its Report - Biometrics Market in India 2010-2014

TechNavio today published its report Biometrics Market in India 2010-2014. The report discusses the present and the future landscape of the Biometrics market in India.

Commenting on the report, an analyst from TechNavio’s Engineering Software team said, “The Biometrics market in India is one of the fastest growing segments. The growth is due to large government and biometric corporate deployments related to multi-level security. With the help of biometric solutions, companies conveniently manage multiple passwords for access to business-critical information. As a result of this, employees can access applications, files and websites with the palm-scanning technology. This will do away with the need to remember multiple passwords.”

TechNavio’s report highlights that to reduce security breaches and identity thefts owing to population surge, the government departments in India are emphasizing the need to have biometric authentication solutions. The Biometrics market in India is currently encouraged by the mushrooming of large-scale government projects, increasing public awareness, and escalating security concerns. Central and state governments have initiated biometric projects to enable faster verification and more accurate identification processes.

Key findings from the report:

• Convergence of Security Access Control and Technology Advancement
• Inadequate Expertise and Investments
• Replacement of Conventional Authentication

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

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