Bio-metric systems have surely taken over the mechanism of how we function on day-to-day basis. Business enterprises have benefited from implementing the technology across varied avenues and one of the key factors contributing to the growth of this market is the rise in the number of security issues. All this will play a crucial role in the growth of Indian biometric industry, which is expected to grow at 46 per cent over the period of 2011-2015.
According to a report , the intersection of biometrics and smart cards for projects such as rural banking and the driver’s license is one of the major trends in the market. The Unique Identification (UID) project will also result in the issuance of smart cards for the citizens of the country once the overall registration of data is completed. Apart from the above-mentioned projects, biometrics is being used as a stand-alone authentication device for various purposes.
The key vendors dominating this market space are NEC India Pvt. Ltd., Sagem Morpho Securities Pvt. Ltd., and Suprema Inc. The other vendors mentioned in the report are Bayometric Inc., enterprise Software Solutions Labs(eSSL) India, HCL Security Ltd., NEC India Pvt. Ltd, Sagem Morpho Securities Pvt Ltd., Suprema Inc., and 4G Identity Solutions Pvt. Ltd.
The reason for high-adoption of biometrics technology can be also attributed to the accuracy authentication process that biometrics deliver.
