Research and Markets Releases Biometrics Market in India 2010-2014 Report - 3rd February, 2012

Company referenced in this item: Suprema

Research and Markets has announced the addition of the "Biometrics Market in India 2010-2014" report to their offering.

For full report visit: http://www.researchandmarkets.com/research/dacab1/biometrics_market

One of the key factors contributing to this market growth is the implementation of biometrics in large-scale government projects. The Biometrics market in India has also been witnessing the increase in adoption of biometrics solutions in enterprises. However, lack of unified standards could pose a challenge to the growth of this market.

TechNavio's report, Biometrics Market in India 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on India; it also covers the Indian Biometric market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market space include Sagem Morpho Securities Pvt Ltd, Suprema Inc., and Nippon Electric Company (NEC) Corp.

Commenting on the report, an analyst from TechNavio's Engineering Software team said, The Biometrics market in India is one of the fastest growing segments. The growth is due to large government and biometric corporate deployments related to multi-level security. With the help of biometric solutions, companies conveniently manage multiple passwords for access to business-critical information. As a result of this, employees can access applications, files and websites with the palm-scanning technology. This will do away with the need to remember multiple passwords.

TechNavio's report highlights that to reduce security breaches and identity thefts owing to population surge, the government departments in India are emphasizing the need to have biometric authentication solutions. The Biometrics market in India is currently encouraged by the mushrooming of large-scale government projects, increasing public awareness, and escalating security concerns. Central and state governments have initiated biometric projects to enable faster verification and more accurate identification processes.

Key findings from the report:

• Convergence of Security Access Control and Technology Advancement
• Inadequate Expertise and Investments
• Replacement of Conventional Authentication

For full report visit: http://www.researchandmarkets.com/research/dacab1/biometrics_market

Contact: Research and Markets, Laura Wood, Senior Manager, press@researchandmarkets.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716