Reportstack has announced a new market research publication on Biometrics Market in India to Grow More than 40 percent which projects huge growth, with a market CAGR of more than 40 percent during the forecast period of 2014-2018.
As per research findings, an increased number of government-initiated biometrics projects are driving the growth of the Indian market. Both the central and state governments in India have initiated several large-scale biometrics projects to control security threats and identity thefts. Moreover, an increase in insider theft cases in government departments is resulting in higher adoption of biometric solutions in the government sector. This, in turn, is supporting the growth of the Biometrics Market in India.
“Currently, fingerprint identification biometrics is the most widely implemented biometric technology in the Indian market. As the market will be witnessing technological advancements, the implementation of face recognition and iris recognition technologies will increase,” said a TechNavio senior analyst and report co-author.
“The emergence of other biometric technologies such as vein recognition, voice recognition, DNA, and signature verification, will be reducing the demand for fingerprint identification biometrics in the market in the near future.”
To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Biometrics Market in India to Grow More than 40 percent report.
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