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News

Massive growth expected in Indian biometric market

Research And Markets : 28 February, 2014  (New Product)
Market research report examines the expected growth in Biometrics in India during the next four years
Massive growth expected in Indian biometric market

Research and Markets has announced the addition of the "Biometrics Market in India 2014-2018" report to their offering.

The analysts forecast the Biometrics market in India to grow at a CAGR of 44.22 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing number of government-initiated biometrics projects. The Biometrics market in India has also been witnessing the integration of biometrics in smart cards. However, the strong competition from inexpensive non-biometric technologies could pose a challenge to the growth of this market.

Commenting on the report, an analyst from the team said: The integration of biometrics and smart cards for projects such as rural banking and upgradation of the driver's license is one of the major trends witnessed in the market. In addition, the UID project will result in the issuance of smart cards for Indian citizens once the overall registration of data is completed. Besides the aforementioned projects, biometrics is being used as a stand-alone authentication device for various purposes. Biometrics integrated in smart cards offers the advantage of offline authentication, which is especially beneficial for end-users in remote locations without a proper communication infrastructure. In addition, smart cards have the added advantage of storing multiple applications for multiple purposes. Thus, a smart card integrated with biometrics enables physical and logical access while being able to store all the necessary data. Individuals can also keep track of their access histories with the help of a smart card terminal.

The report can be purchased directly from Research and Markets here: "Biometrics Market in India 2014-2018"

 

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