DUBLIN, Oct. 7, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/8wlsn6/india_biometrics) has announced the addition of the "India Biometrics Authentication & Identification Market - Estimation & Forecast (2015-2020)" report to their offering.
The biometric market value is anticipated to grow from $823.46 million in 2014 to $2.06 billion in 2020 at an estimated CAGR of 16.47% from 2015 to 2020.
Growth in the market is anticipated on account of extensive use of biometric technology in the government sector. Ongoing government projects which include issuance of e-passports & visas, and unique identification cards under the Aadhaar System, have played a major role in boosting demand for biometric systems in India. Growing digitization in the government sector is expected to further propel use of biometric technology in the country over the next five years.
The study has evaluated the future growth potential of biometric systems in India, and provides statistics and information on market structure, size, and shares. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India biometrics market. It comprehensively answers all the major aspects of biometric industry, like the growth trends, the breakthroughs leading to the dominance of such technologies in the market. The research study has covered the maximum qualitative and quantitative information employing primary as well as secondary research.
The biometric authentication and identification market in India has evolved though several stages of advancement, both in hardware and software. The massive proliferation of Smartphones and tablets has been largely responsible for ramping up the sales for the market, growing popularity of Wearable technology, increasing adoption of E-Commerce services. Emerging trends in mobile segment and evolving technologies in biometrics are two of the most important biometrics market opportunities. Whereas the major challenges faced by the biometric industry are Cost of Deployment of Emerging Biometric Solutions, Integration of Biometric Technology into Existing Software, Latent Fingerprinting and Spoofing and Misuse of Stored Data /Privacy.
Key Topics Covered:
1 Report Scope
2 Executive Summary
3 Market Dynamics
4 Indian Biometric Authentication Market
5 Indian Biometric Authentication And Identification Market , By Motility
6 Indian Biometrics Identification And Authentication Market, By Application
7 Company Profiles
- 3M Cogent - Crossmatch - Essl - Safran Morpho - Symantec
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SOURCE Research and Markets