India Biometrics Market Forecast and Opportunities, 2020

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

India Biometrics Market Forecast & Opportunities , 2020

I n d u s t r y B r i e f

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India Biometrics Market to Grow at Over 35% through 2020

Growing need for data security coupled with extensive use of biometrics technology in governmentdigitization projects to drive India biometrics market

According to a recently published TechSci Research report, “India Biometrics Market Forecast &Opportunities, 2020”, biometrics market in India is projected to grow at a CAGR of over 35%during 2015 - 2020. Growth in the market is anticipated on account of extensive use of biometrictechnology 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 majorrole in boosting demand for biometric systems in India. Growing digitization in the governmentsector is expected to further propel use of biometric technology in the country over the next fiveyears.

Mounting data security concerns are resulting in increasing demand for biometrics in BFSI andconsumer electronics, for access control and authentication purpose. Integration of biometrictechnologies in security systems has been contributing significantly to the growth of biometricsmarket in India. Further, the mandatory use of time & attendance systems in public and privateoffices is expected to fuel market growth over the forecast period. Fingerprint biometrics is thelargest segment in the market, in terms of revenue contribution, followed by iris and facialrecognition segments. Voice recognition, on the other hand, is the fastest growing segment, onaccount of rising application in banking and growing integration in handheld devices.

“Biometric data has emerged as an important tool in identity management, helping variousindustries reduce fraud and integrity risks. Various biometric authentication systems are gainingincreasing market traction in India, gradually replacing conventional security systems likepassword/PIN protection. The rationale behind increasing use of biometrics is high security andreliability. Consequently, the adoption of biometric systems in India is expected to continuegrowing in both public and private sector to ensure authenticated access and avoid securitybreaches.”, said Mr. Karan Chechi, Research Director with TechSci Research, a global managementconsulting firm.

T a b l e o f C o n t e n t s

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S. No. Contents

1. Research Methodology

2. Analyst View

3. Product Overview

4. Global Biometrics Market Overview

5. India Biometrics Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Company

5.2.2. By Type

5.2.3. By Application

5.2.4. By Region

6. India Fingerprint Recognition Biometrics Market Outlook


6.1.1. By Value



7. India Iris Recognition Biometrics Market Outlook


7.1.1. By Value



8. India Facial Recognition Biometrics Market Outlook


8.1.1. By Value


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S. No. Contents



9. India Voice Recognition Biometrics Market Outlook


9.1.1. By Value



10. India Other Biometric Technologies Market Outlook


10.1.1. By Value



11. India Biometrics Market Distribution Channel Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Biometrics in Smart Phones

13.2. Emergence of New Technologies

13.3. Increased Demand in Banking and Healthcare Sector

13.4. Use of Multimodal Biometric Identification System

13.5. Growing Adoption of Biometrics for Time & Attendance

14. Policy & Regulatory Landscape

15. India Economic Outlook


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S. No. Contents

16. Competitive Landscape

16.1. HID India Private Limited

16.2. Sagem Morpho Security Pvt. Ltd.

16.3. SecuGen India Pvt. Ltd

16.4. NEC India Pvt. Ltd.

16.5. eSSL Security

16.6. 3M India Ltd.

16.7. Honeywell Automation India Ltd.

16.8. Zicom Electronic Security Systems Ltd.

16.9. 4G Identity Solutions Pvt. Ltd.

16.10. Matrix Comsec Pvt. Ltd.

17. Strategic Recommendations

18. About Us & Disclaimer

R e s e a r c h M e t h o d o l o g y

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Baseline Methodology

Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of

biometrics market in India. The team has analyzed various industry segments and speculated a positive future

for the industry. Taking into consideration the technological developments, capital investments, etc., our team

of analysts has provided a prudent analysis of the industry’s performance in the future. This would enable our

clients in planning their investment decisions and explore growth opportunities in India biometrics market.

For our study, we have gathered information through primary research surveys with multiple respondents in

around 6 companies of biometric products in the Indian market, followed by an exhaustive search of credible

paid databases. Our team of experts has then prudently evaluated all the collected information and organized it

in chronological order to depict a meaningful and clear picture of the market.

In addition, while compiling the data, we have also validated all the collected information from multiple sources

and data warehouses in order to present the most accurate and precise information of the concerned industry.

We have also identified and analyzed all emerging trends, including the important drivers and challenges that

the industry is confronting. We have also presented industry forecasts based on our in-depth analysis of the

market dynamics, prevalent trends, major developments and growth opportunities.

Companies Interviewed HID, Secugen, Tyco, 3M, Smart Chip Ltd., eSSL

Sources:

Press Releases, Company Annual Reports & Corporate Presentations, Ministry of Corporate Affairs, Government of

India, etc.

© TechSci Research

S a m p l e D a t a - S n a p s h o t

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Figure 2: India Biometrics Market Share, By Company,

By Value, 2014

2014

1.00%

2.00%

3.00%

4.00%

6.00%

8.00%

10.00%

12.00%

16.00%

18.00%

20.00%

HID India

Sagem Morpho

SecuGen

NEC

eSSL

3M

Honeywell

Zicom

4G ID

Matrix Comsec

Others

Figure 3: India Biometrics Market Share, By Type, By

Value, 2010-2020F

35.00%35.10% 35.20%

35.30% 35.40%35.50%35.60% 35.70%35.80%35.90%36.00%

50.10%50.20%50.30%50.40%50.50%50.60%50.70%50.80%50.90%51.00%51.10%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Iris Recoginition Fingerprint

12.00%13.00%14.00% 15.00% 16.00%17.00%18.00%

19.00% 20.00% 21.00%22.00%

0.90% 0.80% 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00%-0.10%

3.80% 3.90% 4.00% 4.10% 4.20% 4.30% 4.40% 4.50% 4.60% 4.70%4.80%

Others* Voice Recoginition Facial Recoginition

Figure 5: Number of ATMs

in India, 2011-2015

10

20

30

40

50

2011 2012 2013 2014 2015

Figure 7: India Fingerprint Recognition Biometrics Market Size, By

Value, 2010–2020F (USD Million)

0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 1.10

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Producer XXXXXXX

Producer XXXXXX XXXXXXX

Producer XXXXX XXXXX XXX

Selling directly to Consumers

Selling through Retailers

Selling through Wholesalers

Figure 17: India Biometrics Market Distribution Channel Analysis

Physiological

Fingerprint

Iris

Face

Others

R e p o r t O r d e r i n g

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A b o u t U s & D i s c l a i m e r

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About Us:

TechSci Research is a global market research and consulting company with offices in Indonesia, the UK and India. TechSci Research

provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on

improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of

both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country,

regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a

uniquely rich evaluation of the opportunities available in the market.

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Partial List of Clients:

Disclaimer:The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness ofany information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially statesthat it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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India Biometrics Market Forecast and Opportunities, 2020