SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 215

HIGH PRIORITY MARKET

India Biometrics Market Forecast and Opportunities

2020

Key Players in India

BioEnable Technologies Pvt. Ltd. 203, 2nd Level, Cyber City Tower S4 Magarpatta City, Hadapsar, Pune-411013, T: + 91-20-65600600 E: sales @ bioenabletech. com W: bioenabletech. com
Intelliob Technologies Private Limited Unit No. 7 & 8, 1st Floor, Techniplex-II IT Park, Off. Veer Savarkar Flyover, Opp. Grand Sarovar Premiere Hotel, Goregaon( West), Mumbai- 400 062 Maharashtra, India. T: + 91-22-6767 2828 E: info @ intelliob. com W: intelliob. com
Fulcrum Biometrics India Pvt. Ltd. 661, Udyog Vihar, Phase- V Gurgaon- 122016, Haryana, INDIA T: + 91-124-4145414 W: fulcrumbiometrics. com
WYSE Biometrics Systems Pvt. Ltd. Survey 82-1, Plot No 20, Sahakarnagar No 1, Aranyeshwar Road, PUNE 411009 T: + 91-20-24224058,2422 E: sales @ wyse. co. in W: www. wyse. co. in
GET Tech Solutions Pvt. Ltd. 8-9, Pushpanjali Enclave, River Bank Colony, Lucknow- 226018, U. P., INDIA T: + 91 8935000653 E: info @ gettechindia. com W: gettechindia. com /
Divya Electro Technica Pvt. Ltd. # 1, Ground Floor, Vinayak Plaza, Near Kitchen Plaza, Waliv, Vasai, Thane- 401202 T: + 91 9930260218 E: web @ divya. co. in W: divya. co. in
Intelligent Systems and Solutions( ISS) # 244, 33rd cross, 2nd main, Jayanagar 7th Block, Bangalore- 560070, Karanataka T: + 91-80-26632021 E: contact @ issglobe. com W: issglobe. com
Precision Group No. 22, 1st Floor, Habibullah Road, T. Nagar, Chennai- 600017 T: + 91 44 33015000, + 91 44 33775210 W: precisionit. co. in
Analogics Tech India Ltd. # 9 / 10, Road No. 6, Nacharam Industrial Estate, Hyderabad – 500 076, India. T + 91-40-67355000, F: + 91-40-2717 2675 E: atm @ analogicgroup. com W: www. analogicgroup. com
iometrics includes diverse set of technologies used for measuring

Band analysing human body
According to“ India Biometrics Market
Forecast & Opportunities, 2020”, biometrics market in India is projected to
characteristics, such as fingerprints, eye
grow at a robust CAGR of over 35 % till
retinas, facial patterns, voice patterns,
2020. Growth in the market is anticipated
etc. for authentication purposes.
on account of increasing use of various
Adoption of biometrics technology has
biometric products in government and
been constantly increasing in India over
BFSI sector across the country.
the last five years. In addition to the most
Increasing use in corporate houses,
prominent popular method of biometric
schools and industries for time and
authentication, that is fingerprint
attendance monitoring, coupled with
recognition, other means of biometric
rising demand from IT / ITeS to
authentication are rapidly gaining
authenticate access to confidential data,
traction in the country due to growing
are other factors that are expected to
need for data security in diverse sectors.
propel market growth over the next five
Government projects such as issuance of
years. The largest player in India
e-passports and visas, and the Aadhaar
biometrics market is HID, followed by
system under UIDAI( Unique
SecuGen, NEC, eSSL, 3M, and
Identification Authority of India), which
Honeywell. Most of these major
employ biometric systems for
companies operate in India by importing
identification and authentication
products and subsequently supplying
purposes, have been hugely boosting the
them through their distributors in the
use of biometric technology.
country.
India Biometrics Mkt to Grow at Over 35 % through 2020
Growing need for data security coupled
market in India. Further, the mandatory
with extensive use of biometrics
use of time & attendance systems in
technology in government digitization
public and private offices is expected to
projects to drive India biometrics market.
fuel market growth over the forecast
According to a recently published
period. Fingerprint biometrics is the
TechSci Research report,“ India
largest segment in the market, in terms
Biometrics Market Forecast and
of revenue contribution, followed by iris
Opportunities, 2020”, biometrics market
and facial recognition segments. Voice
in India is projected to grow at a CAGR of
recognition, on the other hand, is the
over 35 % during 2015 – 2020. Growth in
fastest growing segment, on account of
the market is anticipated on account of
rising application in banking and growing
extensive use of biometric technology in
integration in handheld devices.
the government sector. Ongoing
“ Biometric data has emerged as an
government projects which include
important tool in identity management,
issuance of e-passports & visas, and
helping various industries reduce fraud
unique identification cards under the
and integrity risks. Various biometric
Aadhaar System, have played a major
authentication systems are gaining
role in boosting demand for biometric
increasing market traction in India,
systems in India. Growing digitization in
gradually replacing conventional security
the government sector is expected to
systems like password / PIN protection.
further propel use of biometric
The rationale behind increasing use of
technology in the country over the next
biometrics is high security and reliability.
five years.
Consequently, the adoption of biometric
Mounting data security concerns are
systems in India is expected to continue
resulting in increasing demand for
growing in both public and private sector
biometrics in BFSI and consumer
to ensure authenticated access and
electronics, for access control and
avoid security breaches.”, said Mr. Karan
authentication purpose. Integration of
Chechi, Research Director with TechSci
biometric technologies in security
Research, a global management
systems has been contributing
consulting firm.
significantly to the growth of biometrics
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