A new report from Research and Markets states that India’s fingerprint biometrics market is expected to grow at a CAGR of 35.1 percent between 2014 and 2020. According to ‘India Fingerprint Biometrics Market 2014-2020: Market Forecast By Applications and Regions’, Morpho (Safran), 3M and NEC are the key vendors in this area.
The companies above hold their status as key players thanks to a focus on government and travel/transportation applications, from which, the report states, they generate the most of their revenue in this respect. That said, the report also predicts that those applications are likely to decline due to an increased market penetration and adoption of fingerprint biometrics in other verticals. Healthcare, banking, retail and commercial offices are all expected to contribute to this factor.
Research and Markets calls India’s biometrics market among the fastest growing in the world. Fingerprints have dominated this space and are expected to continue to do so thanks to the affordability of the technology combined with how easy it is to use.
Examples of the biometric adoption demand in India can be seen in the news throughout the past year. In March the DigitalPersona TCS1 Steelcoat sensor was been selected by Visiontek, a telecom equipment and software solutions provider, to aid citizens of India to access services such as banking and entitlement programs. Selected for its durability, performance capabilities and cost, DigitalPersona’s fingerprint sensor is currently deployed in 60,000 readers for these express identification services.
In June, FindBiometrics reported on the the 98 medical dispensaries in the capital city of New Delhi that will be adopting biometric time and attendance measures in order to address complaints of slacking and cleanliness.
September 19, 2014 – by Peter B. Counter