Indian biometrics market poised for growth: report
Revenue for the Indian biometrics market is expected to reach US$2 billion by 2018, according to a new report published by TechSci Research.
According to the report, the main drivers for this growth are a lack of data protection, improper border security, the threat of terrorism, population growth and technical advancements. In the same report, there are also a few challenges being faced by the biometrics industry today, in particular, rough hands and cataract problems, a lack of innovation, implementation at the grass roots level, and a high cost of production.
“The growth of biometrics market can be attributed to the increasing demand in security sector along with increased application in government projects,” Karan Chechi, Research Director with TechSci Research said.
“India’s upcoming biometric projects such as e-passports, biometric pan cards, driving license, smart cards for BPL (Below Poverty Line) families (includes conversion of the old ration card to biometric ration cards) and much more. These biometric systems include technologies such as fingerprint scanners, iris scanners, facial and hand recognition with fingerprint scanners accounting for the highest market share in 2012.”
As we’ve reported extensively in BiometricUpdate.com, India’s ambitious Aadhaar program, governed by the Unique Identity Authority of India, aims to enroll all of the country’s residents through biometrics, and to distribute 12-digit identity cards used for identification and for access to resources. With the first phase over, the Aadhaar programs aims to enroll 400 million residents by 2014.
Another recently-published batch of reports shares the view that the global biometrics industry is poised for significant growth.