Market revenue in 2023 | USD 2,399.8 million |
Market revenue in 2030 | USD 10,399.2 million |
Growth rate | 23.3% (CAGR from 2023 to 2030) |
Largest segment | Hardware |
Fastest growing segment | Service |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hardware, Software, Service |
Key market players worldwide | Bio-K+ International, Fujitsu Ltd, Assa Abloy AB ADR, IDEMIA, LG Electronics Inc ADR, NEC Corp, Accu-Time Systems, AFIX Biometric Identification, DERMALOG, Gemalto |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biometric technology market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 42.59% in 2023. Horizon Databook has segmented the India biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
Government projects such as issuance of e-passports and visa and the Aadhaar system under the Unique Identification Authority of India (UIDAI), which employ biometric systems for authentication and identification purposes, are anticipated to boost the market growth in India.
To minimize and control criminal activities in India, the government is focusing on adopting biometric technology within police forces. For instance, November 2019, National Crime Records Bureau (NCRB), India, gathered bids from private companies to develop a centralized facial recognition surveillance system.
Horizon Databook provides a detailed overview of country-level data and insights on the India biometric technology market , including forecasts for subscribers. This country databook contains high-level insights into India biometric technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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