India Biometrics Market to Grow at Over 35% Through 2020
Summary
Burnaby, British Columbia, Canada, September 18, 2015 --( Mounting data security concerns are resulting in increasing demand for biometrics in BFSI and consumer electronics, for access control and authentication purpose.Further, the mandatory use of time & attendance systems in public and private offices is expected to fuel market growth over the forecast period.“Biometric data has emerged as an important tool in identity management, helping various industries reduce fraud and integrity risks.Consequently, the adoption of biometric systems in India is expected to continue growing in both public and private sector to ensure authenticated access and avoid security breaches,” said Mr. Karan Chechi, Research Director with TechSci Research, a global management consulting firm.Further, the mandatory use of time & attendance systems in public and private offices is expected to fuel market growth over the forecast period.