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The Indian biometrics market has been forecast to increase at a compound annual growth rate (CAGR) of 46% over the period 2011-2015, with the need for higher security in the country and the need for stricter security protocols among private companies set to drive this industry growth.
Biometrics as a concept has been around for quite some time now but hasn't escalated as a mainstream technology for organisations across the globe. But things are changing, and the technology in India, too, is witnessing a large interest in biometrics thanks to Government projects.
The need for more stringent security measures in India is one the most influential drivers that is expected to encourage biometric market growth considerably. As a result of the recent spate of terrorist attacks in the country, there is an overwhelming resolve to ensure that insurgency is prevented, and the use of biometrics is expected to help the country achieve this goal.
The initiatives pertaining to the identity of citizens -- e-passports, national ID projects, UIDAI projects, employee benefit schemes -- are pushing the envelope for Biometrics.
The government of India has amassed a database of 200 million Indian residents' digital fingerprints, iris scans, facial photographs, names, addresses and birthdates. Yet this vast collection of private information is only a drop in the bucket compared to the volume of data it ultimately intends to gather.
The Unique Identity Authority of India (UIDAI), the agency that administers Aadhaar -- India's Unique Identity (UID) program -- has a goal of capturing and storing this personal and biometric information for each and every one of India's 1.2 billion residents. Everyone who enrolls is issued a 12-digit unique ID number and an ID card linked to the data.
Once it's complete, the Aadhaar system will require so much data storage capacity that it is projected to be 10 times the size of Facebook. And while it's optional to enroll, the program is envisioned as the basis for new mobile apps that would facilitate everything from banking transactions to the purchase of goods and services, which could make it hard for individuals to opt out without getting left behind.
Key players currently dominating the Indian biometrics market include NEC India Pvt. Ltd., Sagem Morpho Securities Pvt. Ltd. and Suprema Inc.
For more information on the Indian biometrics market, see the latest research: Indian Biometrics Market
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