TechNavio today launched its report, Biometrics Market in India 2011-2015, based on an in-depth analysis focusing exclusively on India. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s IT Security team said: ”The intersection of biometrics and smart cards for projects such as rural banking and the driver’s license is one of the major trends in the market. The Unique Identification (UID) project will also result in the issuance of smart cards for the citizens of the country once the overall registration of data is completed. Apart from the above-mentioned projects, biometrics is being used as a stand-alone authentication device for various purposes. Biometrics integrated with smart cards offer the advantage of offline authentication. This is an important advantage for remote locations where no proper communication infrastructure is present. In addition, a smart card has the added advantage of being able to store multiple applications for multiple purposes. Thus, a smart card integrated with biometrics can enable physical and logical access while being able to store all necessary data on the card itself. In this manner, individuals can also keep track of their access histories through the aid of a smart card terminal.”
According to the report, currently, organizations are adopting biometrics technology over traditional identification and security methods such as physical checking and verification by viewing an individual’s photo ID. This is because biometrics technology provides a more accurate authentication process than any other known access control technology. The market is witnessing an increasing adoption biometrics from the Banking, Financial Services, and Insurance (BFSI) segment.
Further, the report reveals that one of the main challenges is the high cost of biometric systems in the country.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/biometrics-market-india-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our IT Security market research, please visit https://www.technavio.com/security
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TechNavio Announces the Publication of its Research Report – Biometrics Market in India 2011-2015
