Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Biometrics Market in India 2014-2018

India biometrics market dominated by 3M Cogent Inc., NEC Corp., Safran SA, and Suprema Inc.


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-04-30 08:05:01 - Biometrics Market in India 2014-2018 - a new market research report on companiesandmarkets.com

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.

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, 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 key players operating in the biometrics market in India include 3M Cogent Inc., NEC Corp., Safran SA, and Suprema Inc.

The biometrics market in India is forecast to increase at a CAGR of 44.22 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing number of government-initiated biometrics projects. The Biometrics market in India has also been witnessing the integration of biometrics in smart cards. However, the strong competition from inexpensive non-biometric technologies could pose a challenge to the growth of this market.

Other vendors operating in the market are 4G Identity Solutions Pvt. Ltd., Arya ITES Pvt. Ltd., BioEnable Technologies Pvt. Ltd., Precision Biometric India Pvt. Ltd., Smart Identity Devices Pvt. Ltd, and Systematic Communications Ltd.

Click for report details: www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Market Research Reports www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Company Profile Reports www.companiesandmarkets.com/Market/Information-Technology/Compan ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com