Aarkstore - India Fingerprint Biometrics Market (2014 - 2020)

Aarkstore - India Fingerprint Biometrics Market (2014 - 2020): Market Forecast By Applications (Government, Travel & Transportation, Banking & Finance, Healthcare, Retail, Commercial Offices and Others) and Regions (North, South, East, West, North-East and Central)

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Summary

Increasing security concerns & issues, data thefts, government programs and need for advanced security systems have boosted the market for biometrics devices in India. India is one of the fastest growing biometrics markets of the world, where majority of the market revenues are generated by government, travel & transportation application. 

 In India’s biometrics market, fingerprint biometrics technology has dominated and is anticipated to maintain its lead in the forecast period as well. Ease of usage and higher affordability are the factors which have spurred the market for fingerprint biometrics technology in the country. 

 According to 6Wresearch, “India’s Fingerprint Biometrics Market” is projected to grow at a CAGR of 35.1% during 2014-20. In overall fingerprint biometrics market, government, travel & transportation application has captured lion’s share, where, projects such as Aadhaar, e-driving license, MNREGA, rations cards, and e-passports have contributed for its major demand. 

 However, government, travel & transportation application market share is likely to decline, owing to increasing penetration and adoption in other application markets such as healthcare, banking & financial, retail and commercial offices.

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