SlideShare a Scribd company logo
1 of 37
Scope of Secondary Research for
Biometric Authentication and Access
Control System Study
Submitted by:
Tofique Mirajkar
Kshitij Behl
Nitesh
Nipun Jain
Global Biometrics Market Share
The Global Biometric market size is estimated to be US $ 8.5-10.2 bn for 2014.
The global market is Estimated to touch US $ 23.3 bn by 2019
The following are the snapshot of the revenue growth in the Biometric markets.
26.25%
28.75%
32.14%
12.87%
Biometric Market share by 2017
North America
Europe: Middle East & Africa
Asia Pacific
Central & South America
source: Global Biometrics review, 2014
Global Biometrics Market Share
2009 2010 2011 2012 2013 2014 2015 2016 2017
Revenue $2,584.00 $3,570.00 $4,676.00 $5,970.00 $7,330.00 $8,566.00 $9,680.00 $10,175.0 $10,882.0
$0.00
$2,000.00
$4,000.00
$6,000.00
$8,000.00
$10,000.00
$12,000.00RevenueinUS$mn
Year
Biometric Industry Revenues
source: Global Biometrics review, 2014
2009 2010 2011 2012 2013 2014
FingerPrint 971 1380.9 1740.1 2064.1 2422.9 2827.2
AFISLive Scan 1309.1 1489.9 1816.5 2154.4 2525.9 2965.8
Iris 174.4 287.8 360.8 480.5 578.3 730.3
Hand Geometry 62 62.8 63.7 68.2 76 86
MiddleWare 275 327.7 413.8 525.2 625 732.6
Face 390 510.8 675.4 848.5 1097.3 1417.8
Voice 103.8 109.3 113.5 136.3 167.5 189.7
Vascular 83 102.1 132.2 172.2 199.6 235.7
Others 54 85.6 107.5 131.8 154.2 184.9
0500100015002000250030003500
REVENUEINUS$MN
YEAR AND TECHNOLOGY
MARKET VOLUME BY TECHNOLOGY
FingerPrint AFISLive Scan Iris Hand Geometry MiddleWare
Face Voice Vascular Others
source: Global Biometrics review, 2014
Value of authentication and access control
systems market in India
The total market size of electronic authentication and access control system is Rs
96.7575 bn for 2013 and is estimated to be Rs 121.424 bn for 2014
This includes following product/technology segments:
 Swipe cards
 Proximity cards
 Smart cards
 Biometric systems
 Others.
It is expected to grow @ 25.5% for the next 5 years (or to Rs 414 bn in 2018)
source: Security Equipment and Services Market – India 2014
Value of authentication and access control
systems market in India
1.18, 5%
17.3, 73%
3.01, 13%
2.12, 9%
Authentication and Access control market share, 2013 (in
INR bn)
Swipe cards Proximity cards Smart cards Biometrics
source: Security Equipment and Services Market – India 2014
Biometric authentication and access control
systems market in India
The market size of biometric markets in India (2014) is US $ 611.2 million
This market includes following segments:
 Fingerprint
 Facial recognition
 Iris control
 Voice recognition
 Palm recognition
 Others
It is expected to grow @ 33.6% for the next 5 years (or to us $ 2598.1 million).
source: Biometrics Market in India, 2015-2019, TECHnavio insights
India-Biometric Market Value by Technology
2014 2015 2016 2017 2018 2019
Fingerprint 422.7 613.2 876.6 1160 1429.9 1679.4
Facial Recognition 96.6 144.5 212.6 291.1 367.6 448.2
Iris control 59 92.2 139.8 193.5 244.6 307.4
Voice Recognition 13.4 17 20.7 23.4 25.9 27.8
Palm Recognition 11.1 16.6 24.6 34.2 44 54.8
Other 8.4 13.5 22.1 40.8 65.1 80.5
Total 611.2 897.0 1296.4 1743.0 2177.1 2598.1
050010001500200025003000
REVENUEINUS$MILLION
YEAR AND TECHNOLOGY
BIOMETRIC MARKET VALUE BY TECHNOLOGY
Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition Other Total
source: Biometrics Market in India, 2015-2019, TECHnavio insights
India-Biometric Market Value by Technology,
Year wise
422.7, 69%
96.6, 16%
59, 10%
13.4, 2%
11.1, 2%
8.35, 1%
In US $ million, 2014
Fingerprint
Facial
Recognition
Iris control
Voice
Recognition
Palm Recognition
613.2, 68%
144.5,
16%
92.2, 10%
17, 2% 16.6, 2% 13.5, 2%
In US $ million, 2015
Fingerprint
Facial
Recognition
Iris control
Voice
Recognition
Palm
Recognition
source: Biometrics Market in India, 2015-2019, TECHnavio insights
India-Biometric Market Value by Technology,
Year wise
876.6, 68%
212.6, 16%
139.8, 11%
20.7, 1%
24.6, 2%
22.1, 2%
In US $ million, 2016
Fingerprint
Facial Recognition
Iris control
Voice Recognition
Palm Recognition
Other
1160, 67%
291.1, 17%
193.5, 11%
23.4, 1%
34.2, 2% 40.8, 2%
In US $ million, 2017
Fingerprint
Facial
Recognition
Iris control
Voice
Recognition
Palm Recognition
Other
source: Biometrics Market in India, 2015-2019, TECHnavio insights
India-Biometric Market Value by Technology,
Year wise
1429.9,
66%
367.6,
17%
244.6,
11%
25.9, 1% 44, 2% 65.1, 3%
In US $ million, 2018
Fingerprint
Facial Recognition
Iris control
Voice Recognition
Palm Recognition
Other
1679.4,
65%
448.2, 17%
307.4,
12%
27.8,
1%
54.8, 2% 80.5, 3%
In US $ million, 2019
Fingerprint
Facial
Recognition
Iris control
Voice
Recognition
Palm Recognition
source: Biometrics Market in India, 2015-2019, TECHnavio insights
Major applications for biometric systems market
in India
Following are the major application segments for biometric authentication and access
control systems in India:
 Government
 BFSI
 Healthcare
 Transit
 Retail
 Other
source: Biometrics Market in the APAC Region, 2015-2019, , TECHnavio insights
Major applications for biometric systems market
in India
70%
11%
7%
6%
2% 4%
Biometrics Market in India by End User segmentation,
2014
Government BFSI Healthcare Transit Retail Other
source: Biometrics Market in the APAC Region, 2015-2019, , TECHnavio insights
Major applications for biometric systems market
in India
2014 2015 2016 2017 2018 2019
Government 426.0 615.3 875.1 1157.4 1421.6 1673.2
BFSI 67.2 101.4 150.4 210.9 270.0 327.4
Healthcare 42.2 63.7 93.3 129.0 167.6 205.2
Transit 38.5 59.2 88.2 120.3 154.6 187.1
Retail 11.6 17.9 27.2 383.5 500.7 62.4
Other 25.7 35.9 62.2 87.2 113.2 142.9
Total 611.2 897 1296.4 1743 2177.1 2598.1
0.0500.01000.01500.02000.02500.03000.0InUS$million
Year and Sector
Biometric market in India by End User
Government BFSI Healthcare Transit Retail Other Total
source: Biometrics Market in the APAC Region, 2015-2019, , TECHnavio insights
Major players in the biometric market in India
Together the top 3 companies account for 62% of the biometric authentication and
access control systems market in India.
The Major players are:
 3M Cogent
 NEC India Pvt. Ltd.
 Safran India Private Limited
 eSSL Security
COMPANY PROFILE: 3M India
3M Cogent is a global biometric identification solutions provider to governments, and
legal and commercial enterprises. Products offered by 3M Cogent are used for
biometric access control, passenger check-in, product security, and border
management. 3M Cogent offers a wide product portfolio, which includes facial
identification management solutions, biometric enrolment solutions, mobile
identification solutions, fingerprint/palmprint card conversion systems, ID
management and credentialing solutions, mobile identification products, physical
access control solutions, and logical access control solutions.
3M India Limited, the Indian subsidiary of 3M Corporation was established in 1988. 3M
has been a steadfast partner in India’s progress for over 25 years, committed to
solving problems unique to the Indian customer. The Managing Director at 3M India is
Mr. Amit Laroya.
COMPANY PROFILE: 3M India
The company market over 7,000 products in India with leading positions in health care,
industrial, retail, construction, transportation, energy, utilities, mining, general office
and home.
In India, the magic of 3M innovation takes places at our R&D centers, situated at
Bengaluru and Gurgaon, NCR (National Capital Region). Our manufacturing facilities in
India are at Bengaluru, Pimpri (Pune), Ranjangaon (Pune), Ahmedabad & Pondicherry
COMPANY PROFILE: 3M Cogent
Type, Headquarters Key Products/Technology
offered
Key Market segments
Subsidiary of 3M
Corporation USA,
Headquarter in
Pasadena USA
India office at Bengalure
 Civil ID systems
 AFIS solutions
 Reader and Scanner
solutions
 Applicant processing
services
• Civil ID
• Law enforcement
• Military
• Applicant processing
• Access control
• Border management
• Transportation
• Hospitality and
Gaming
• Banking
COMPANY PROFILE: 3M Cogent
Strength:
• Support from parent company
• Strong presence in mobile biometric
markets
• Wide range of Product offerings
• Cost effective Biometric solutions
Weakness:
• Lack of Geographical diversification
• Experiencing slow growth in India
compared to rival NEC
Opportunities:
• Collaboration with SE to develop new
integrated security and building
management solutions
• New contracts and agreements
• Increasing demand in Finance and
healthcare sector
Threats:
• Rapid technology changes
• Risk of Product obsolesce
COMPANY PROFILE: NEC India Pvt. Ltd.
NEC is one of the world's leaders in the integration of IT and network technologies. It
delivers tailored solutions in the key fields of computer, networking, and electronic
devices. NEC has more than 1,000 customers in over 30 countries worldwide and
operates in more than 140 countries.
NEC India Pvt. Ltd, a wholly-owned subsidiary of NEC Asia Pacific Pvt. Ltd. (NEC APAC)
(HQ: Singapore) and NEC Corporation (HQ: Japan), was established in New Delhi, India,
in August 2006. To strengthen NEC's business capabilities in India and also to expand
its IT and networking businesses in the rapidly expanding Indian market, NEC India
works with its customers to introduce new solutions and services for a ubiquitous
networking society. Leveraging on NEC's unique capabilities in integrating IT and
networking technologies for a diverse customer base across governments, businesses,
individuals and societies worldwide.
COMPANY PROFILE: NEC India Pvt. Ltd.
NEC India customizes solutions to construct large-scale, highly reliable, scalable and
flexible IT and network systems, such as Security and Surveillance Systems, Carrier
Network, IP Telephony Solutions, Retail solutions (Hardware and Software), Private
Network Solutions (Enterprise and Exchange wide EPABX, IP Telephony, KTS), High
Performance Computing (Super Computers), IT products such as Servers, Storage and
Thin Clients, as well as Multimedia Products such as Projectors and Commercial
Display Products and Solutions for the Indian market.
COMPANY PROFILE: NEC India Pvt. Ltd.
Type, Headquarters Key Products/Technology
offered
Key Market segments
Subsidiary of NEC Asia
Pacific Pvt. Ltd. And
NEC Corporation
Headquarter in Minato,
Japan
India office at New Delhi
• NFC enabled IEMS
• AFIS Algorithms
• Fingerprint
• Face recognition
• Finger vein recognition
• Public
• Enterprise
• Telecom Carrier
• System Platform, and
• Others.
COMPANY PROFILE: NEC India Pvt. Ltd.
Strength:
• Focused R&D division with a diversified
domain
• Wide range of Product offerings
Weakness:
• High dependence on Japanese
company for revenue
Opportunities:
• Company setup a global safety division
in Singapore which will help gaining
expertise in public safety business
segment which will enhance its
business
Threats:
• Rapid technology changes
• Risk of Product obsolesce
• R&D is subject to local and foreign
laws, which may affect financials
COMPANY PROFILE: Safran India Private Limited
Safran is a leading provider of biometric identification technologies, which include
fingerprint, iris, facial, and vein recognition. Deployed in more than 100 countries
worldwide, the integrated biometric systems provided by the company ensure the
security of transport and high-value facilities, secure identification and protection of
citizens, and homeland security. Safran operates through four business segments:
Aerospace Propulsion, Aircraft Equipment, Defence, and Security. It offers a complete
range of security solutions covering three main business segments: Identification,
Secure Documents, and Detection. Some of the products offered by the company are
biometric technologies, smart cards, and identity management.
Safran’s presence in India is built on long-standing relations dating back several
decades. The group has been operating in the country for over 60 years. The Group
now has more than 2,600 employees in India, in production, design and services
throughout nine companies and joint ventures.
COMPANY PROFILE: Safran India Private Limited
Through a combination of strong local presence and technological expertise, Safran is
steadily gaining ground in this dynamic, yet highly demanding market. In 2012, Safran
opened a corporate subsidiary, Safran India Private Limited, to expand its operations
and strengthen relations with local partners.
Safran is one of the lead partners in UIDAI’s Aadhaar project, delivering national ID
numbers to all Indian residents. Safran is committed to supporting India’s growth in
the aerospace, defence and security industries.
COMPANY PROFILE: Safran India Private Limited
Type, Headquarters Key Products/Technology
offered (Under Biometric
Security)
Key Market segments
Subsidiary of Safran
Headquarter in Paris,
France
India office at New Delhi
• Iris and facial recognition
• Access management
• Fingerprint, identity
management solutions
• Transaction security.
• Aerospace
Propulsion
• Aircraft
Equipment
• Defence, and
• Security.
COMPANY PROFILE: Safran India Private Limited
Strength:
• Innovation driven products which
include biometric algorithms and on-
board electronics
• Leader in Fingerprint Technology
market
• Strong presence in Govt. and
National security segments
Weakness:
• High workforce concentration in
Europe which may affect its product
innovations and financials in the
worst conditions
Opportunities:
• Huge investment in R&D
Threats:
• Rapid technology changes
• Fluctuating market conditions
COMPANY PROFILE: eSSL Security
eSSL Security is one amongst the leading biometric companies in India and has grown
into international territories since inception (2002). With the vision of being a top
player on the global scale, eSSL has built in-house expertise to be the vision. With over
4000+ channel partners and 4lakh customers, the network of eSSL wove itself due to
eSSL’s support and proven technology solutions and products.
eSSL being recognized as a recipient of prestigious Frost and Sullivan awards, has
excelled in providing services and solutions with the knowledge of in house expertise.
eSSL’s major contribution into government sectors has put the government one step
ahead in terms of security.
COMPANY PROFILE: eSSL Security
Major projects are:
 Midday meal biometric project to keep track of misused funds
 School fingerprint system project for Gujarat government
eSSL being a major contributor to the security industry, has diversified into many
vertical to help build a better environment. Major contribution is as follows,
Biometrics, Access control, CCTV, Turnstiles, Elevator controller, Video door Phones,
Locks- Hotel locks and Bio locks, Guard Patrol System and accessories
COMPANY PROFILE: eSSL Security
Type, Headquarters Key Products/Technology
offered
Key Market segments
Private company
India office at Bengaluru
• Push Data Technology in
Biometrics devices
• Advanced data
encryption algorithms
• Integrated
platform to provide
amalgamated solutions
• Retail
• Govt. sector
COMPANY PROFILE: eSSL Security
Strength:
• Technology
• Market share
• Management.
Weakness:
• Relatively new company
Opportunities:
• Government contracts
• Technology investments
Threats:
• Rapid technology changes
• Fluctuating market conditions
Other Prominent Vendors
Company Description
4G Identity Solutions Develops and deploys identity management solutions
Aarya ITES Provider of biometric access control and time
attendance systems
BioEnable Technologies Provider of advanced electronic identification,
automation, and tracking products and Services
Digital Persona Provider of authentication software
Precision Biometric India Provider of end-to-end identity management
solutions based on biometric technology
Smart Identity Devices Provider of technology products, services, and
solutions in the domains of biometrics, information
and communications technology, and smart cards
Systematic Communications Provider of biometrics and access control Systems
Zicom Electronic Security Systems Provider of security solutions and access
control systems
New Major Entrant: Suprema
 Note: Suprema is a new entrant in the Indian market, being a major player in the
word Biometrics market the profile of the company is being included as it poses a
major competition in future to the above companies.
Suprema is a leading global provider of biometrics technology and identity
management solutions. The company has a sales network presence in more than 120
countries worldwide. Some of the key products offered by Suprema are access control
solutions used for time keeping and attendance; fingerprint recognition systems for
enterprises; PC solutions that comprise fingerprint access to provide high-level security
for desktops and complex networks; and live scanners that are primarily used by legal
agencies. In addition, the company offers passport readers, which can read a variety of
data such as photos, characters, barcodes, and OCR.
New Major Entrant: Suprema
Key Products/Technology
offered
Key Market segments
• BioMini slim
• BioMini Combo
• BioMini Plus
• BioMini
• Realpass-F
• Realpass-V
• Realscan-G10
• Realscan-G1
• Realscan-V
• Realscan-F
• Access control and time
attendance
• Embedded modules
• PC solutions
• Live scanners
• Passport readers
New Major Entrant: Suprema
Strength:
• Leading provider of Fingerprint
products
• Awarded most reliable Fingerprint
algorithm solution
Weakness:
• Alternative Biometric solution such
as Face are affecting its business
Opportunities:
• Product launch such as Fingerprint
scanner development kit for Android
will boost business
• Indian business markets
Threats:
• Competition from other leading
Vendors
• Fluctuating market conditions
The way forward: Key highlights
 India's biometric ID project is back on track.
The new Indian government has indicated strong support a project to require residents to
have biometric IDs in order to collect government benefits, setting a target of 1 billion
enrolments by 2015. (source: IDG-Computerworld Aust, September 11, 2014)
 Biometric cards must for fishermen this season (source: Times of India, August 09, 2014)
 Card transactions safety: PIN, biometrics are the way forward
Transactions authenticated by biometrics linked to the Aadhaar number would be a good
move in the long run. It's akin to fitting a car with both petrol and electric engines. The cost
will be high and there may not be too many transactions to process in the short run. Banks
are still in the process of considering it. This is something that needs to evolve, be tested and
then deployed fully. (source: Business line, December 13, 2013)
Thank you

More Related Content

What's hot

Ecrime Practical Biometric
Ecrime Practical BiometricEcrime Practical Biometric
Ecrime Practical BiometricJorge Sebastiao
 
Pay-Cloak:Biometric
Pay-Cloak:BiometricPay-Cloak:Biometric
Pay-Cloak:Biometricijtsrd
 
IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...
IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...
IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...IRJET Journal
 
Touch less-fingerprint-recognition-system (1)
Touch less-fingerprint-recognition-system (1)Touch less-fingerprint-recognition-system (1)
Touch less-fingerprint-recognition-system (1)Palak Pandoh
 
Privacy and ethical issues in Biometric Systems
Privacy and ethical issues in Biometric SystemsPrivacy and ethical issues in Biometric Systems
Privacy and ethical issues in Biometric SystemsFrancesco Bonadiman
 
BIOMETRIC (TO PRERVE OUR IDENTY)
BIOMETRIC (TO PRERVE OUR IDENTY)BIOMETRIC (TO PRERVE OUR IDENTY)
BIOMETRIC (TO PRERVE OUR IDENTY)mounika117
 
Fingereye: improvising security and optimizing ATM transaction time based on ...
Fingereye: improvising security and optimizing ATM transaction time based on ...Fingereye: improvising security and optimizing ATM transaction time based on ...
Fingereye: improvising security and optimizing ATM transaction time based on ...IJECEIAES
 
IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...
IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...
IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...IRJET Journal
 
Bio metrics in secure e transaction
Bio metrics in secure e transactionBio metrics in secure e transaction
Bio metrics in secure e transactionIJARIIT
 
Biometric Authentication in Banking
Biometric Authentication in BankingBiometric Authentication in Banking
Biometric Authentication in BankingMuthu Ramanathan
 
Best of 5 Biometric companies in India
Best of 5 Biometric companies in IndiaBest of 5 Biometric companies in India
Best of 5 Biometric companies in IndiaInsightsSuccess3
 
Atm security using_fingerprint_biometric_identifer
Atm security using_fingerprint_biometric_identiferAtm security using_fingerprint_biometric_identifer
Atm security using_fingerprint_biometric_identiferRutwikShitole1
 
Security Protocols for USB Mass Storage Devices
Security Protocols for USB Mass Storage DevicesSecurity Protocols for USB Mass Storage Devices
Security Protocols for USB Mass Storage DevicesIRJET Journal
 
Fingerprinting technology
Fingerprinting technologyFingerprinting technology
Fingerprinting technologyMaidaShahbaz3
 
Inttelix Stranger Detection System
Inttelix Stranger Detection SystemInttelix Stranger Detection System
Inttelix Stranger Detection SystemInttelix
 

What's hot (19)

Ecrime Practical Biometric
Ecrime Practical BiometricEcrime Practical Biometric
Ecrime Practical Biometric
 
Pay-Cloak:Biometric
Pay-Cloak:BiometricPay-Cloak:Biometric
Pay-Cloak:Biometric
 
IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...
IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...
IRJET - Secure Electronic Transaction using Strengthened Graphical OTP Authen...
 
Touch less-fingerprint-recognition-system (1)
Touch less-fingerprint-recognition-system (1)Touch less-fingerprint-recognition-system (1)
Touch less-fingerprint-recognition-system (1)
 
GHC-2014-Lavanya
GHC-2014-LavanyaGHC-2014-Lavanya
GHC-2014-Lavanya
 
D0351022026
D0351022026D0351022026
D0351022026
 
Privacy and ethical issues in Biometric Systems
Privacy and ethical issues in Biometric SystemsPrivacy and ethical issues in Biometric Systems
Privacy and ethical issues in Biometric Systems
 
BIOMETRIC (TO PRERVE OUR IDENTY)
BIOMETRIC (TO PRERVE OUR IDENTY)BIOMETRIC (TO PRERVE OUR IDENTY)
BIOMETRIC (TO PRERVE OUR IDENTY)
 
Fingereye: improvising security and optimizing ATM transaction time based on ...
Fingereye: improvising security and optimizing ATM transaction time based on ...Fingereye: improvising security and optimizing ATM transaction time based on ...
Fingereye: improvising security and optimizing ATM transaction time based on ...
 
IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...
IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...
IRJET - A Paper on Enhanced PIN Security for SBI ATM through Aadhaar Linked O...
 
Bio metrics in secure e transaction
Bio metrics in secure e transactionBio metrics in secure e transaction
Bio metrics in secure e transaction
 
Biometric Authentication in Banking
Biometric Authentication in BankingBiometric Authentication in Banking
Biometric Authentication in Banking
 
Best of 5 Biometric companies in India
Best of 5 Biometric companies in IndiaBest of 5 Biometric companies in India
Best of 5 Biometric companies in India
 
Biometric
 Biometric Biometric
Biometric
 
Atm security using_fingerprint_biometric_identifer
Atm security using_fingerprint_biometric_identiferAtm security using_fingerprint_biometric_identifer
Atm security using_fingerprint_biometric_identifer
 
Security Protocols for USB Mass Storage Devices
Security Protocols for USB Mass Storage DevicesSecurity Protocols for USB Mass Storage Devices
Security Protocols for USB Mass Storage Devices
 
Fingerprinting technology
Fingerprinting technologyFingerprinting technology
Fingerprinting technology
 
Finger print based security system
Finger print based security systemFinger print based security system
Finger print based security system
 
Inttelix Stranger Detection System
Inttelix Stranger Detection SystemInttelix Stranger Detection System
Inttelix Stranger Detection System
 

Similar to Biometrics in India

India biometric market
India biometric marketIndia biometric market
India biometric marketSophia Jones
 
The Leading Bio metric Companies of India.pdf
The Leading Bio metric Companies of India.pdfThe Leading Bio metric Companies of India.pdf
The Leading Bio metric Companies of India.pdfinsightssuccess2
 
Biocube is all set to make a mark in the world stage
Biocube is all set to make a mark in the world stageBiocube is all set to make a mark in the world stage
Biocube is all set to make a mark in the world stageBiocube Technologies Inc.
 
Biometrics as-a-service market 2019
Biometrics as-a-service market 2019Biometrics as-a-service market 2019
Biometrics as-a-service market 2019swatikale6
 
The 10 most recommended bio metric companies to watch in 2019
The 10 most recommended bio metric companies to watch in 2019The 10 most recommended bio metric companies to watch in 2019
The 10 most recommended bio metric companies to watch in 2019Merry D'souza
 
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdfKantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdfSocial Samosa
 
in-deloitte-tech-trends-2023-noexp.pdf
in-deloitte-tech-trends-2023-noexp.pdfin-deloitte-tech-trends-2023-noexp.pdf
in-deloitte-tech-trends-2023-noexp.pdfaakash malhotra
 
In-deloitte-tech-trends-2023-noexp.pdf11
In-deloitte-tech-trends-2023-noexp.pdf11In-deloitte-tech-trends-2023-noexp.pdf11
In-deloitte-tech-trends-2023-noexp.pdf11aakash malhotra
 
Biosensors Market.pptx
Biosensors Market.pptxBiosensors Market.pptx
Biosensors Market.pptxRonnyMartine
 
Employment Creation Potential_IOT AI_Agri Healthcare Sector_02072019.pptx
Employment Creation Potential_IOT  AI_Agri  Healthcare Sector_02072019.pptxEmployment Creation Potential_IOT  AI_Agri  Healthcare Sector_02072019.pptx
Employment Creation Potential_IOT AI_Agri Healthcare Sector_02072019.pptx2024nimcet
 
"We will do faster than our competitors" S K sharma
"We will do faster than our competitors" S K sharma"We will do faster than our competitors" S K sharma
"We will do faster than our competitors" S K sharmaG_swain
 
Internet of things report 2014 by copperberg research
Internet of things report 2014 by copperberg researchInternet of things report 2014 by copperberg research
Internet of things report 2014 by copperberg researchThomas Igou
 
The State of Global AI Adoption in 2023
The State of Global AI Adoption in 2023The State of Global AI Adoption in 2023
The State of Global AI Adoption in 2023InData Labs
 
India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...
India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...
India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...IMARC Group
 
Biometrics: A New Wrinkle Changes the Authentication Landscape
Biometrics: A New Wrinkle Changes the Authentication Landscape Biometrics: A New Wrinkle Changes the Authentication Landscape
Biometrics: A New Wrinkle Changes the Authentication Landscape mercatoradvisory
 
Webinar: Digital Marketing in China - Compare, contrast, and learn?
Webinar: Digital Marketing in China - Compare, contrast, and learn?Webinar: Digital Marketing in China - Compare, contrast, and learn?
Webinar: Digital Marketing in China - Compare, contrast, and learn?The Digital Insurer
 
Identity Verification Market Analysis.pdf
Identity Verification Market Analysis.pdfIdentity Verification Market Analysis.pdf
Identity Verification Market Analysis.pdfsagarsingh443888
 

Similar to Biometrics in India (20)

India biometric market
India biometric marketIndia biometric market
India biometric market
 
The 10 most trusted biometric companies
The 10 most trusted biometric companiesThe 10 most trusted biometric companies
The 10 most trusted biometric companies
 
The Leading Bio metric Companies of India.pdf
The Leading Bio metric Companies of India.pdfThe Leading Bio metric Companies of India.pdf
The Leading Bio metric Companies of India.pdf
 
Biocube is all set to make a mark in the world stage
Biocube is all set to make a mark in the world stageBiocube is all set to make a mark in the world stage
Biocube is all set to make a mark in the world stage
 
Biometrics as-a-service market 2019
Biometrics as-a-service market 2019Biometrics as-a-service market 2019
Biometrics as-a-service market 2019
 
The 10 most recommended bio metric companies to watch in 2019
The 10 most recommended bio metric companies to watch in 2019The 10 most recommended bio metric companies to watch in 2019
The 10 most recommended bio metric companies to watch in 2019
 
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdfKantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
 
in-deloitte-tech-trends-2023-noexp.pdf
in-deloitte-tech-trends-2023-noexp.pdfin-deloitte-tech-trends-2023-noexp.pdf
in-deloitte-tech-trends-2023-noexp.pdf
 
In-deloitte-tech-trends-2023-noexp.pdf11
In-deloitte-tech-trends-2023-noexp.pdf11In-deloitte-tech-trends-2023-noexp.pdf11
In-deloitte-tech-trends-2023-noexp.pdf11
 
Biosensors Market.pptx
Biosensors Market.pptxBiosensors Market.pptx
Biosensors Market.pptx
 
Employment Creation Potential_IOT AI_Agri Healthcare Sector_02072019.pptx
Employment Creation Potential_IOT  AI_Agri  Healthcare Sector_02072019.pptxEmployment Creation Potential_IOT  AI_Agri  Healthcare Sector_02072019.pptx
Employment Creation Potential_IOT AI_Agri Healthcare Sector_02072019.pptx
 
"We will do faster than our competitors" S K sharma
"We will do faster than our competitors" S K sharma"We will do faster than our competitors" S K sharma
"We will do faster than our competitors" S K sharma
 
Internet of things report 2014 by copperberg research
Internet of things report 2014 by copperberg researchInternet of things report 2014 by copperberg research
Internet of things report 2014 by copperberg research
 
The State of Global AI Adoption in 2023
The State of Global AI Adoption in 2023The State of Global AI Adoption in 2023
The State of Global AI Adoption in 2023
 
Responsible AI
Responsible AIResponsible AI
Responsible AI
 
India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...
India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...
India E-Commerce Industry Report 2022 Analysis, Top Companies, New Technology...
 
Biometrics: A New Wrinkle Changes the Authentication Landscape
Biometrics: A New Wrinkle Changes the Authentication Landscape Biometrics: A New Wrinkle Changes the Authentication Landscape
Biometrics: A New Wrinkle Changes the Authentication Landscape
 
Webinar: Digital Marketing in China - Compare, contrast, and learn?
Webinar: Digital Marketing in China - Compare, contrast, and learn?Webinar: Digital Marketing in China - Compare, contrast, and learn?
Webinar: Digital Marketing in China - Compare, contrast, and learn?
 
Identity Verification Market Analysis.pdf
Identity Verification Market Analysis.pdfIdentity Verification Market Analysis.pdf
Identity Verification Market Analysis.pdf
 
SIP PPT
SIP PPTSIP PPT
SIP PPT
 

Biometrics in India

  • 1. Scope of Secondary Research for Biometric Authentication and Access Control System Study Submitted by: Tofique Mirajkar Kshitij Behl Nitesh Nipun Jain
  • 2. Global Biometrics Market Share The Global Biometric market size is estimated to be US $ 8.5-10.2 bn for 2014. The global market is Estimated to touch US $ 23.3 bn by 2019 The following are the snapshot of the revenue growth in the Biometric markets. 26.25% 28.75% 32.14% 12.87% Biometric Market share by 2017 North America Europe: Middle East & Africa Asia Pacific Central & South America source: Global Biometrics review, 2014
  • 3. Global Biometrics Market Share 2009 2010 2011 2012 2013 2014 2015 2016 2017 Revenue $2,584.00 $3,570.00 $4,676.00 $5,970.00 $7,330.00 $8,566.00 $9,680.00 $10,175.0 $10,882.0 $0.00 $2,000.00 $4,000.00 $6,000.00 $8,000.00 $10,000.00 $12,000.00RevenueinUS$mn Year Biometric Industry Revenues source: Global Biometrics review, 2014
  • 4. 2009 2010 2011 2012 2013 2014 FingerPrint 971 1380.9 1740.1 2064.1 2422.9 2827.2 AFISLive Scan 1309.1 1489.9 1816.5 2154.4 2525.9 2965.8 Iris 174.4 287.8 360.8 480.5 578.3 730.3 Hand Geometry 62 62.8 63.7 68.2 76 86 MiddleWare 275 327.7 413.8 525.2 625 732.6 Face 390 510.8 675.4 848.5 1097.3 1417.8 Voice 103.8 109.3 113.5 136.3 167.5 189.7 Vascular 83 102.1 132.2 172.2 199.6 235.7 Others 54 85.6 107.5 131.8 154.2 184.9 0500100015002000250030003500 REVENUEINUS$MN YEAR AND TECHNOLOGY MARKET VOLUME BY TECHNOLOGY FingerPrint AFISLive Scan Iris Hand Geometry MiddleWare Face Voice Vascular Others source: Global Biometrics review, 2014
  • 5. Value of authentication and access control systems market in India The total market size of electronic authentication and access control system is Rs 96.7575 bn for 2013 and is estimated to be Rs 121.424 bn for 2014 This includes following product/technology segments:  Swipe cards  Proximity cards  Smart cards  Biometric systems  Others. It is expected to grow @ 25.5% for the next 5 years (or to Rs 414 bn in 2018) source: Security Equipment and Services Market – India 2014
  • 6. Value of authentication and access control systems market in India 1.18, 5% 17.3, 73% 3.01, 13% 2.12, 9% Authentication and Access control market share, 2013 (in INR bn) Swipe cards Proximity cards Smart cards Biometrics source: Security Equipment and Services Market – India 2014
  • 7. Biometric authentication and access control systems market in India The market size of biometric markets in India (2014) is US $ 611.2 million This market includes following segments:  Fingerprint  Facial recognition  Iris control  Voice recognition  Palm recognition  Others It is expected to grow @ 33.6% for the next 5 years (or to us $ 2598.1 million). source: Biometrics Market in India, 2015-2019, TECHnavio insights
  • 8. India-Biometric Market Value by Technology 2014 2015 2016 2017 2018 2019 Fingerprint 422.7 613.2 876.6 1160 1429.9 1679.4 Facial Recognition 96.6 144.5 212.6 291.1 367.6 448.2 Iris control 59 92.2 139.8 193.5 244.6 307.4 Voice Recognition 13.4 17 20.7 23.4 25.9 27.8 Palm Recognition 11.1 16.6 24.6 34.2 44 54.8 Other 8.4 13.5 22.1 40.8 65.1 80.5 Total 611.2 897.0 1296.4 1743.0 2177.1 2598.1 050010001500200025003000 REVENUEINUS$MILLION YEAR AND TECHNOLOGY BIOMETRIC MARKET VALUE BY TECHNOLOGY Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition Other Total source: Biometrics Market in India, 2015-2019, TECHnavio insights
  • 9. India-Biometric Market Value by Technology, Year wise 422.7, 69% 96.6, 16% 59, 10% 13.4, 2% 11.1, 2% 8.35, 1% In US $ million, 2014 Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition 613.2, 68% 144.5, 16% 92.2, 10% 17, 2% 16.6, 2% 13.5, 2% In US $ million, 2015 Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition source: Biometrics Market in India, 2015-2019, TECHnavio insights
  • 10. India-Biometric Market Value by Technology, Year wise 876.6, 68% 212.6, 16% 139.8, 11% 20.7, 1% 24.6, 2% 22.1, 2% In US $ million, 2016 Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition Other 1160, 67% 291.1, 17% 193.5, 11% 23.4, 1% 34.2, 2% 40.8, 2% In US $ million, 2017 Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition Other source: Biometrics Market in India, 2015-2019, TECHnavio insights
  • 11. India-Biometric Market Value by Technology, Year wise 1429.9, 66% 367.6, 17% 244.6, 11% 25.9, 1% 44, 2% 65.1, 3% In US $ million, 2018 Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition Other 1679.4, 65% 448.2, 17% 307.4, 12% 27.8, 1% 54.8, 2% 80.5, 3% In US $ million, 2019 Fingerprint Facial Recognition Iris control Voice Recognition Palm Recognition source: Biometrics Market in India, 2015-2019, TECHnavio insights
  • 12. Major applications for biometric systems market in India Following are the major application segments for biometric authentication and access control systems in India:  Government  BFSI  Healthcare  Transit  Retail  Other source: Biometrics Market in the APAC Region, 2015-2019, , TECHnavio insights
  • 13. Major applications for biometric systems market in India 70% 11% 7% 6% 2% 4% Biometrics Market in India by End User segmentation, 2014 Government BFSI Healthcare Transit Retail Other source: Biometrics Market in the APAC Region, 2015-2019, , TECHnavio insights
  • 14. Major applications for biometric systems market in India 2014 2015 2016 2017 2018 2019 Government 426.0 615.3 875.1 1157.4 1421.6 1673.2 BFSI 67.2 101.4 150.4 210.9 270.0 327.4 Healthcare 42.2 63.7 93.3 129.0 167.6 205.2 Transit 38.5 59.2 88.2 120.3 154.6 187.1 Retail 11.6 17.9 27.2 383.5 500.7 62.4 Other 25.7 35.9 62.2 87.2 113.2 142.9 Total 611.2 897 1296.4 1743 2177.1 2598.1 0.0500.01000.01500.02000.02500.03000.0InUS$million Year and Sector Biometric market in India by End User Government BFSI Healthcare Transit Retail Other Total source: Biometrics Market in the APAC Region, 2015-2019, , TECHnavio insights
  • 15. Major players in the biometric market in India Together the top 3 companies account for 62% of the biometric authentication and access control systems market in India. The Major players are:  3M Cogent  NEC India Pvt. Ltd.  Safran India Private Limited  eSSL Security
  • 16. COMPANY PROFILE: 3M India 3M Cogent is a global biometric identification solutions provider to governments, and legal and commercial enterprises. Products offered by 3M Cogent are used for biometric access control, passenger check-in, product security, and border management. 3M Cogent offers a wide product portfolio, which includes facial identification management solutions, biometric enrolment solutions, mobile identification solutions, fingerprint/palmprint card conversion systems, ID management and credentialing solutions, mobile identification products, physical access control solutions, and logical access control solutions. 3M India Limited, the Indian subsidiary of 3M Corporation was established in 1988. 3M has been a steadfast partner in India’s progress for over 25 years, committed to solving problems unique to the Indian customer. The Managing Director at 3M India is Mr. Amit Laroya.
  • 17. COMPANY PROFILE: 3M India The company market over 7,000 products in India with leading positions in health care, industrial, retail, construction, transportation, energy, utilities, mining, general office and home. In India, the magic of 3M innovation takes places at our R&D centers, situated at Bengaluru and Gurgaon, NCR (National Capital Region). Our manufacturing facilities in India are at Bengaluru, Pimpri (Pune), Ranjangaon (Pune), Ahmedabad & Pondicherry
  • 18. COMPANY PROFILE: 3M Cogent Type, Headquarters Key Products/Technology offered Key Market segments Subsidiary of 3M Corporation USA, Headquarter in Pasadena USA India office at Bengalure  Civil ID systems  AFIS solutions  Reader and Scanner solutions  Applicant processing services • Civil ID • Law enforcement • Military • Applicant processing • Access control • Border management • Transportation • Hospitality and Gaming • Banking
  • 19. COMPANY PROFILE: 3M Cogent Strength: • Support from parent company • Strong presence in mobile biometric markets • Wide range of Product offerings • Cost effective Biometric solutions Weakness: • Lack of Geographical diversification • Experiencing slow growth in India compared to rival NEC Opportunities: • Collaboration with SE to develop new integrated security and building management solutions • New contracts and agreements • Increasing demand in Finance and healthcare sector Threats: • Rapid technology changes • Risk of Product obsolesce
  • 20. COMPANY PROFILE: NEC India Pvt. Ltd. NEC is one of the world's leaders in the integration of IT and network technologies. It delivers tailored solutions in the key fields of computer, networking, and electronic devices. NEC has more than 1,000 customers in over 30 countries worldwide and operates in more than 140 countries. NEC India Pvt. Ltd, a wholly-owned subsidiary of NEC Asia Pacific Pvt. Ltd. (NEC APAC) (HQ: Singapore) and NEC Corporation (HQ: Japan), was established in New Delhi, India, in August 2006. To strengthen NEC's business capabilities in India and also to expand its IT and networking businesses in the rapidly expanding Indian market, NEC India works with its customers to introduce new solutions and services for a ubiquitous networking society. Leveraging on NEC's unique capabilities in integrating IT and networking technologies for a diverse customer base across governments, businesses, individuals and societies worldwide.
  • 21. COMPANY PROFILE: NEC India Pvt. Ltd. NEC India customizes solutions to construct large-scale, highly reliable, scalable and flexible IT and network systems, such as Security and Surveillance Systems, Carrier Network, IP Telephony Solutions, Retail solutions (Hardware and Software), Private Network Solutions (Enterprise and Exchange wide EPABX, IP Telephony, KTS), High Performance Computing (Super Computers), IT products such as Servers, Storage and Thin Clients, as well as Multimedia Products such as Projectors and Commercial Display Products and Solutions for the Indian market.
  • 22. COMPANY PROFILE: NEC India Pvt. Ltd. Type, Headquarters Key Products/Technology offered Key Market segments Subsidiary of NEC Asia Pacific Pvt. Ltd. And NEC Corporation Headquarter in Minato, Japan India office at New Delhi • NFC enabled IEMS • AFIS Algorithms • Fingerprint • Face recognition • Finger vein recognition • Public • Enterprise • Telecom Carrier • System Platform, and • Others.
  • 23. COMPANY PROFILE: NEC India Pvt. Ltd. Strength: • Focused R&D division with a diversified domain • Wide range of Product offerings Weakness: • High dependence on Japanese company for revenue Opportunities: • Company setup a global safety division in Singapore which will help gaining expertise in public safety business segment which will enhance its business Threats: • Rapid technology changes • Risk of Product obsolesce • R&D is subject to local and foreign laws, which may affect financials
  • 24. COMPANY PROFILE: Safran India Private Limited Safran is a leading provider of biometric identification technologies, which include fingerprint, iris, facial, and vein recognition. Deployed in more than 100 countries worldwide, the integrated biometric systems provided by the company ensure the security of transport and high-value facilities, secure identification and protection of citizens, and homeland security. Safran operates through four business segments: Aerospace Propulsion, Aircraft Equipment, Defence, and Security. It offers a complete range of security solutions covering three main business segments: Identification, Secure Documents, and Detection. Some of the products offered by the company are biometric technologies, smart cards, and identity management. Safran’s presence in India is built on long-standing relations dating back several decades. The group has been operating in the country for over 60 years. The Group now has more than 2,600 employees in India, in production, design and services throughout nine companies and joint ventures.
  • 25. COMPANY PROFILE: Safran India Private Limited Through a combination of strong local presence and technological expertise, Safran is steadily gaining ground in this dynamic, yet highly demanding market. In 2012, Safran opened a corporate subsidiary, Safran India Private Limited, to expand its operations and strengthen relations with local partners. Safran is one of the lead partners in UIDAI’s Aadhaar project, delivering national ID numbers to all Indian residents. Safran is committed to supporting India’s growth in the aerospace, defence and security industries.
  • 26. COMPANY PROFILE: Safran India Private Limited Type, Headquarters Key Products/Technology offered (Under Biometric Security) Key Market segments Subsidiary of Safran Headquarter in Paris, France India office at New Delhi • Iris and facial recognition • Access management • Fingerprint, identity management solutions • Transaction security. • Aerospace Propulsion • Aircraft Equipment • Defence, and • Security.
  • 27. COMPANY PROFILE: Safran India Private Limited Strength: • Innovation driven products which include biometric algorithms and on- board electronics • Leader in Fingerprint Technology market • Strong presence in Govt. and National security segments Weakness: • High workforce concentration in Europe which may affect its product innovations and financials in the worst conditions Opportunities: • Huge investment in R&D Threats: • Rapid technology changes • Fluctuating market conditions
  • 28. COMPANY PROFILE: eSSL Security eSSL Security is one amongst the leading biometric companies in India and has grown into international territories since inception (2002). With the vision of being a top player on the global scale, eSSL has built in-house expertise to be the vision. With over 4000+ channel partners and 4lakh customers, the network of eSSL wove itself due to eSSL’s support and proven technology solutions and products. eSSL being recognized as a recipient of prestigious Frost and Sullivan awards, has excelled in providing services and solutions with the knowledge of in house expertise. eSSL’s major contribution into government sectors has put the government one step ahead in terms of security.
  • 29. COMPANY PROFILE: eSSL Security Major projects are:  Midday meal biometric project to keep track of misused funds  School fingerprint system project for Gujarat government eSSL being a major contributor to the security industry, has diversified into many vertical to help build a better environment. Major contribution is as follows, Biometrics, Access control, CCTV, Turnstiles, Elevator controller, Video door Phones, Locks- Hotel locks and Bio locks, Guard Patrol System and accessories
  • 30. COMPANY PROFILE: eSSL Security Type, Headquarters Key Products/Technology offered Key Market segments Private company India office at Bengaluru • Push Data Technology in Biometrics devices • Advanced data encryption algorithms • Integrated platform to provide amalgamated solutions • Retail • Govt. sector
  • 31. COMPANY PROFILE: eSSL Security Strength: • Technology • Market share • Management. Weakness: • Relatively new company Opportunities: • Government contracts • Technology investments Threats: • Rapid technology changes • Fluctuating market conditions
  • 32. Other Prominent Vendors Company Description 4G Identity Solutions Develops and deploys identity management solutions Aarya ITES Provider of biometric access control and time attendance systems BioEnable Technologies Provider of advanced electronic identification, automation, and tracking products and Services Digital Persona Provider of authentication software Precision Biometric India Provider of end-to-end identity management solutions based on biometric technology Smart Identity Devices Provider of technology products, services, and solutions in the domains of biometrics, information and communications technology, and smart cards Systematic Communications Provider of biometrics and access control Systems Zicom Electronic Security Systems Provider of security solutions and access control systems
  • 33. New Major Entrant: Suprema  Note: Suprema is a new entrant in the Indian market, being a major player in the word Biometrics market the profile of the company is being included as it poses a major competition in future to the above companies. Suprema is a leading global provider of biometrics technology and identity management solutions. The company has a sales network presence in more than 120 countries worldwide. Some of the key products offered by Suprema are access control solutions used for time keeping and attendance; fingerprint recognition systems for enterprises; PC solutions that comprise fingerprint access to provide high-level security for desktops and complex networks; and live scanners that are primarily used by legal agencies. In addition, the company offers passport readers, which can read a variety of data such as photos, characters, barcodes, and OCR.
  • 34. New Major Entrant: Suprema Key Products/Technology offered Key Market segments • BioMini slim • BioMini Combo • BioMini Plus • BioMini • Realpass-F • Realpass-V • Realscan-G10 • Realscan-G1 • Realscan-V • Realscan-F • Access control and time attendance • Embedded modules • PC solutions • Live scanners • Passport readers
  • 35. New Major Entrant: Suprema Strength: • Leading provider of Fingerprint products • Awarded most reliable Fingerprint algorithm solution Weakness: • Alternative Biometric solution such as Face are affecting its business Opportunities: • Product launch such as Fingerprint scanner development kit for Android will boost business • Indian business markets Threats: • Competition from other leading Vendors • Fluctuating market conditions
  • 36. The way forward: Key highlights  India's biometric ID project is back on track. The new Indian government has indicated strong support a project to require residents to have biometric IDs in order to collect government benefits, setting a target of 1 billion enrolments by 2015. (source: IDG-Computerworld Aust, September 11, 2014)  Biometric cards must for fishermen this season (source: Times of India, August 09, 2014)  Card transactions safety: PIN, biometrics are the way forward Transactions authenticated by biometrics linked to the Aadhaar number would be a good move in the long run. It's akin to fitting a car with both petrol and electric engines. The cost will be high and there may not be too many transactions to process in the short run. Banks are still in the process of considering it. This is something that needs to evolve, be tested and then deployed fully. (source: Business line, December 13, 2013)