Research and Markets is offering a new report by TechNavio entitled “Biometrics Market in India 2011-2015.” In it, TechNavio’s analysis shows that this market is expected to see a compound annual growth rate of 46% during this timeframe.
The market has a couple of key factors that are contributing to its growth, namely an increase in security issues and greater adoption of fingerprint biometrics. The authors do note that implementation issues could be a problem that affects the overall growth of the market.
The report covers key vendors, including NEC India Pvt. Ltd., Sagem Morpho Securities Pvt. Ltd. and Suprema Inc.
It also looks at several projects in this market, such as the Unique Identification (UID) project, rural banking and drivers’ licenses. It also examines the use of biometrics as authentication, the types of biometric factors being utilized and the main industries adopting the technology.