Market research firm Research and Markets has released a new report on the prospects for India’s biometrics market. Entitled “Biometrics Market in India 2015-2019“, the report predicts growth of 33.6 percent (CAGR) between 2014 and 2019.
That’s a pretty substantial rate of growth, and it isn’t much of a surprise: India’s government has been a pioneer in implementing large-scale biometrics technology with its Aadhaar biometric citizenship registry and identity card program. Also not a surprise: The report’s authors note that a major market driver is demand for e-passports. Security screening for border control purposes is of interest to governments around the world, and with its embrace of biometric technology, India has been no laggard in this area either.
What is noteworthy is the “emerging” trend of multimodal biometric systems. This might be a natural evolution of a market richly saturated with biometric deployments, or it could reflect a particular government’s strong interest in high securitization, or both. In any case, it’s good news for developers of the technology.
December 11, 2014 – by Alex Perala