The India Biometric Authentication Software Market Ecosystem has been witnessing significant growth over the years owing to continuous technological developments. Biometric authentication technologies including fingerprint scanning, face recognition, voice recognition, and iris recognition are widely used in various industries. There is increasing application of biometric technologies in smartphones for convenient and secure authentication. These factors are creating a positive outlook for India biometric authentication software market ecosystem.
Government and business enterprises are primarily using biometric authentication software for employees to get access to restricted areas and to unlock the company systems. The biometric authentication software provides an easier, faster, and more accurate way for authentication, for which small-scale and large enterprises are implementing this system. Thus, the increasing use of biometric authentication systems across the government sector and private enterprises in India has raised the share of the biometric authentication software market ecosystem in the single factor authentication segment.
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Integration of advanced technology such as cloud computing is enhancing the growth of biometric authentication software market ecosystem. Industry participants are combining the mobile biometric technology with cloud-based biometric solutions to speed up the identification process. Saving data on the cloud is safer than saving the biometric data locally. Cloud computing enables businesses to easily scale up or downscale IT requirements as required. The application of cloud computing enables to increase existing resources easily to accommodate enlarged business needs. This allows them to accommodate business growth without expensive changes in the existing IT systems. Though there is a high demand for biometric authentication, the security of biometric data is a major factor that is slowing down the overall market.
Falling prices of sensors and IP cameras are boosting the biometric authentication software market ecosystem growth. Thus, the rising adoption of biometric devices has brought down the overall cost and is driving the biometric authentication software market ecosystem growth. The basic hardware and software of biometric systems are getting less expensive due to mass production. Also, the new entrants are offering very competitive prices. Technological advancements and the introduction of new hardware are lowering the prices of previous products.
The large scale government project is boosting the value of biometric authentication software market ecosystem. The Indian government is using biometric authentication software in various large-scale projects such as civil identity and population registration. India’s biggest government project ADHAAR for citizen identification is based on the biometric authentication system, where the unique identification number is issued to citizens based on their biometric and biographic data. This project has strongly increased the use of biometrics and has impacted the growth of biometric authentication software market ecosystem positively.
India Biometric Authentication Software Ecosystem
Based on offerings, the hardware segment is holding a significant share. In biometric authentication software market ecosystem, various hardware are implemented, including fingerprint sensors, scanners, and cameras. Among all the hardware used in biometric authentication, fingerprint scanners and cameras have captured significant market shares. Scanners are being widely adopted by several small & medium and large-scale enterprises in order to track employee attendance and to protect essential information from being stolen. The industry players are expanding their operations to provide high value products is propelling the development in India biometric authentication software market ecosystem. For instance, in 2018, NEC announced the establishment of NEC Laboratories India (NLI) in Mumbai, Maharashtra. As a result of this expansion, the company will have a greater research & development footprint in India for providing better data-driven solutions for the society. Additionally, the industry participants are implementing various strategies such as mergers & acquisitions, partnerships, and new product launches to increase their market share. This is supporting the expansion of biometric authentication software market ecosystem in India.