TechNavio recognizes the following companies as the key players in Biometrics Market in India: 3M Cogent Inc., NEC Corp., Safran SA, and Suprema Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The integration of biometrics and smart cards for projects such as rural banking and upgradation of the driver’s license is one of the major trends witnessed in the market. In addition, the UID project will result in the issuance of smart cards for Indian citizens once the overall registration of data is completed. Besides the aforementioned projects, biometrics is being used as a stand-alone authentication device for various purposes. Biometrics integrated in smart cards offers the advantage of offline authentication, which is especially beneficial for end-users in remote locations without a proper communication infrastructure. In addition, smart cards have the added advantage of storing multiple applications for multiple purposes. Thus, a smart card integrated with biometrics enables physical and logical access while being able to store all the necessary data. Individuals can also keep track of their access histories with the help of a smart card terminal.”
According to the report, the growth of the Biometrics market in India is driven by several factors, of which the most important is the increasing number of government-initiated biometrics projects. Both the central and state governments in India have initiated several large-scale biometrics projects to control security threats and identity thefts. Moreover, an increased number of insider theft cases in government departments is resulting in the high adoption of biometric solutions in the Government sector. This is in turn supporting the growth of the Biometrics market in India.
Further, the report states that one of the key challenges in the market is the strong competition from inexpensive non-biometric technologies. The presence of low-cost alternative technologies such as swipe cards, token-based two-factor authentication, and software authentication is a major challenge affecting the growth of the Biometrics market in India.
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/report/biometrics-market-in-india-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Biometrics Market in India 2014-2018
