India Biometric System Market Overview, 2028

India Biometric System Market Overview, 2028

The growing integration of the product into consumer electronics is what is driving the biometric system market in India. Due to the expanding use of biometrics in both the public and private sectors, the nation has experienced tremendous growth in recent years. There are several prospects for growth in the Indian biometric system market as a result of the increasing use of mobile biometrics and the demand for stronger security and verification of access to private data and information. Consumers are increasingly obtaining a variety of biometric methods, such as voice, facial, and fingerprint recognition, to verify their identification. The government of India has increased the use of biometric devices in services under a number of projects, including UIDIA (Aadhar), E-Passport, PSBY (Rastriya Swathya Bima Yojna), driving permits, and many more. This would drive the market's growth in the upcoming years. Consumer biometric applications have expanded quickly in recent years due to the increased use of mobile devices. The market for biometric systems in India is distinguished by a diverse strategy for confirming identification. The Aadhaar project is a testament to India's vision, with a population of over 1.3 billion. With the help of this ambitious project, each citizen now possesses a personalized 12-digit biometric identification number that combines their fingerprint and iris data. Adoption of Aadhaar has improved transparency and decreased identity fraud while revolutionizing access to services, from financial transactions to social benefits. Biometric systems have played a crucial role in the amazing change in India's financial landscape. Aadhaar-enabled payment systems (AePS) have made it possible for people to perform financial transactions using biometric authentication. This strategy greatly benefits rural and unbanked people by promoting financial inclusion and facilitating digital transactions in off-the-grid locations.

According to the research report ""India Biometric System Market Overview, 2028,"" published by Bonafide Research, the India Biometric System market is anticipated to grow at 19.31% CAGR from 2023 to 2028. The healthcare industry in India has been impacted by the market for biometric systems, which improve patient identification and healthcare delivery. Medical errors are decreased because of biometric authentication, which also streamlines services and maintains accurate patient records. Additionally, welfare programs incorporate biometric data to guarantee that government payments are delivered directly and effectively to the intended recipients. In India, biometric systems are used in many public services. Biometric authentication is streamlining procedures, boosting security, and improving the user experience across e-governance efforts and digital education platforms. This integration demonstrates India's dedication to utilizing technology for its people's benefit. Innovative solutions and a vibrant startup ecosystem define India's biometric scene. Tech startups are leading the way in biometric technology improvements by investigating cutting-edge techniques including behavioural biometrics, vein pattern recognition, and voice authentication. These programs encourage innovation while also enhancing India's standing as a center for tech-driven entrepreneurship. India's experience with biometric systems has been characterized by its efforts to strike a balance between innovation and privacy issues. The Indian Supreme Court has been instrumental in establishing rules for data security, consent methods, and ethical biometric data usage. This harmony highlights India's dedication to the ethical and open use of technology. India's biometric system market stands as a testament to the nation's ability to harness technology for social empowerment and transformation. From financial inclusion to public service accessibility, biometric systems have revolutionized various facets of Indian society.

Based on technology market is segmented into fingerprint recognition, face recognition, hand geometry, voice recognition, iris recognition/ retina recognition, signature recognition, vein recognition, and others (keystroke dynamics, gait recognition, earlobe geometry & DNA biometrics). Fingerprint recognition is commonly used technology in India biometric system market. Fingerprint recognition takes advantage of a biometric feature that is unique to each person and remains stable over time. People are accustomed to using their fingerprints for identification, making the technology simple to grasp and implement. Fingerprint recognition is a non-intrusive means of identifying oneself in India, where personal space and cultural standards are prized. This is consistent with the desire for courteous and comfortable encounters. Fingerprint recognition systems can be developed to comply with data protection laws such as India's Personal Data Protection Bill, ensuring that biometric data is handled securely and openly. The Indian government has attempted to incorporate biometric identity into numerous initiatives, such as Aadhaar, which uses fingerprints to provide citizens with unique identification. This program has made the general public more familiar with fingerprint technology. Fingerprint recognition is a scalable solution for identity verification and authentication, making it suited for government services, banking, and public facilities in India.

Based on functionality market is bifurcated into contact-based, contact-less, and hybrid. Contact-less segment is predicted to register highest CAGR of the market. Biometrics are increasingly being used by the government and corporate sectors in India for a range of applications, including access control, time and attendance tracking, and payment processing. Because of their ease of use and convenience, contactless biometric technologies are frequently preferred in these applications. Individuals are increasingly accustomed to the comfort and ease of use of contactless technologies as they become more incorporated into daily life. This comfort boosts user acceptance and adoption of contactless biometric technologies. Consumers in India have become accustomed to the concept of touchless interactions as contactless payments have grown in popularity. This trend is spreading to other domains, such as biometric authentication, where there is a demand for seamless and safe contactless solutions. Based on mobility market is divided into fixed and portable. Portable segment is expected to register highest growth rate in India biometric system market. Portable biometric devices provide unrivaled versatility and simplicity. The ability to do identity verification and authentication while on the move corresponds to the dynamic nature of modern life in India, catering to instances where users want adaptive and agile authentication techniques. With an increased reliance on digital services, remote employment, and mobile interactions, India is undergoing a dramatic digital revolution. Portable biometric solutions are perfectly aligned with these developments, allowing users to securely authenticate their identity in a variety of digital scenarios. The Indian government's push for digital identity schemes like Aadhaar has made people more familiar with biometric technologies. Portable solutions can supplement these endeavors by allowing people to use their biometrics for a variety of purposes.
Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Biometric System market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Technology:
• Fingerprint Recognition
• Face Recognition
• Hand Geometry
• Voice Recognition
• Iris recognition/ Retina Recognition
• Signature Recognition
• Vein Recognition
• Others (Keystroke Dynamics, Gait Recognition, Earlobe Geometry & DNA Biometrics)

By Functionality:
• Contact-Based
• Contact-less
• Hybrid

By Mobility:
• Fixed
• Portable

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Biometric System industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.