According to a latest report by Research and Markets, Biometrics market in India is expected to grow 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.
The report, the Biometrics Market in India 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers India; it also covers the Biometrics market in India market landscape and its growth prospects in the coming years.
The report also includes a discussion of the key vendors operating in this market. Key vendors dominating this space include 3M Cogent Inc., NEC Corp., Safran SA, and Suprema Inc. Other vendors mentioned in the report 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.