Unlike traditional methods of time and attendance tracking, biometric systems are easy to use. Currently, the Biometrics Market in India is in its growth stage, with a high adoption rate of biometric solutions.
Continuous advances in technology are augmenting biometric solutions and according to TechNavio, the Biometrics Market in India is expected to post a CAGR of 33.6 percent from 2015-2019.
TechNavio analysts have identified four key trends that are ubiquitous to the growth of the Biometrics Market in India:
Advances in Technology
Traditional biometric systems such as fingerprint recognition and signature are widely used. However, both these technologies are old and are being overtaken by newly developed facial recognition, iris recognition, palm vein recognition, and DNA recognition technologies.
These technologies are gaining popularity as they are highly accurate and reliable. With increased adoption of new technologies, the demand for upgrading existing biometrics is on a steady rise.
Ease of Use
The biometric system is automated and requires no human intervention, thereby saving a significant amount of time and effort. In addition, biometric systems have a user-friendly interface. It requires only one-time individual effort to register with the system. Biometric systems assess the physiological or behavioral characteristics of an individual, thereafter storing the data in a database for future reference.
It merely takes few seconds for the biometric reader to verify the details and grant access. Therefore, ease of use is one of the major factors contributing to the demand for biometric readers in India.
High Adoption of Biometrics Systems in Growing Sectors
The Government sector in India is adopting biometrics in its e-governance. Biometrics is being implemented in order to avoid duplication of identity cards and to prevent identity thefts. Its adoption rate in the Financial sector also remains high as there is a need for high security for network access and financial transactions.
As manufacturing companies have a large number of employees, it is difficult to maintain and track their working hours. In the Indian manufacturing sector, biometrics has gained wide popularity for its application in time tracking and maintaining attendance of workers.
Integration of Biometrics in Smart Cards
The integration of biometrics in smart cards offers offline authentication, thereby providing easy access to systems without locational constraints. Moreover, smart cards store multiple applications for various purposes. Therefore, smart cards integrated with biometrics enable physical and logical access while storing all the necessary data. Biometrics is increasingly being used to help Individuals track their access history with smart card terminals.
