The latest report by IMARC Group, titled “India Biometrics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India biometrics market size reached INR 18,782.0 Crores in 2022. Looking forward, IMARC Group expects the market to reach INR 42,746.0 Crores by 2028, exhibiting a growth rate (CAGR) of 14.63% during 2023-2028.

Biometrics represent the processes used to authenticate, recognize, and identify people based on their physical or behavioral characteristics. They compare the identity of an individual to the information template already stored in the database. Biometrics identifiers can be categorized into two categories, such as behavioral and physiological characteristics. Physiological characteristics include palm prints, face, DNA, iris, palm veins, fingerprints, retina, and hand geometry, whereas behavioral characteristics consist of voice and signature recognition and typing patterns. As a result, biometrics finds widespread applications across various industries, such as healthcare, consumer electronics, banking and finance, commercial safety and security, transport, logistics, etc. 

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India Biometrics Market Trends and Drivers:

The elevating security concerns, on account of the increasing instances of cybercrimes, are among the primary factors fueling the India biometrics market. Besides this, the escalating demand for this technology across airports and borders for more accurate citizen identification is further augmenting the market growth. Moreover, the launch of several policies by the government bodies to extensively invest in the development of biometric national identity card (ID) systems to prevent theft and identity fraud is also catalyzing the market across India. Apart from this, the rising need for this technology in restaurants, hotels, and cafes for allowing individuals to register without an ID is acting as another significant growth-inducing factor. Additionally, the growing popularity of this system, as it delivers a cost-effective solution for ensuring high-end assurance and security, is also stimulating the market growth. Furthermore, the inflating requirement for remote, secure, and accurate access to treatment plans and medical records in the healthcare industry is anticipated to propel the India biometrics market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

• Face Recognition
• Hand Geometry
• Voice Recognition
• Signature recognition
• Iris recognition
• AFIS
• Non-AFIS
• Others

Breakup by Functionality:

• Contact
• Non-contact
• Combined

Breakup by Authentication:

• Single-Factor Authentication
• Multifactor Authentication

Breakup by Component:

• Hardware
• Software

Breakup by End-User:

• Government
• Defense Services
• Banking and Finance
• Consumer Electronics
• Healthcare
• Commercial Safety and Security
• Transport/Visa/Logistics
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape with Key Player:

• IDEMIA
• Secugen India Pvt. Ltd.
• NEC Technologies India Pvt. Ltd
• 4G Identity Solutions
• HID Corporation
• eSSL Security
• 3M India Ltd
• Honeywell International Inc.
• Zicom Saas Pvt. Ltd.
• Matrix Comsec Pvt. Ltd.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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