India face
matching and authentication solutions market is projected to grow from USD 700.63
Million in 2018 to USD 4,335.60 Million by 2024, at a CAGR of 35.94% during the forecast period from 2019 to 2024. Face matching
and authentication solution involves hardware, software and services. Also, the
market size calculations are done based on the revenue generated at the price
point of consumer end. Increasing use of face matching and
authentication solutions by the government for airports, passports, defense, etc.,
growing demand of cloud based solutions and increasing demand in various end
users such as enterprises, BFSI, etc. are some of the
driving factors for the face matching and authentication solutions market in
India.
By Deployment Type,
On-premise Deployment dominated the India face matching and authentication
solutions market in 2018. However, cloud deployment type is expected to be the
fastest growing deployment type during the forecast period as it offers various
benefits such as on demand scalability, flexibility and reduced capital
expenditure.
By Authentication
Type, 1: N authentication type dominated the India face matching and
authentication solutions market in 2018 and is also expected to be the fastest
growing authentication type during the forecast period owing to the fact that
government uses 1:N authentication type for criminal identification,
identifying missing children, etc., which is not possible with 1:1
authentication type.
By Verticals, Government
vertical dominated the India face matching and authentication solution market in
2018 as the government requires facial recognition for various applications
including registration & identification of criminals, crowd control,
paperless travel at airports and in defense, Aadhar and related applications.
By Region, South
region garnered the highest market share in 2018 and is expected to continue
its dominance throughout the forecast period. However, the North region is
expected to be the fastest growing region owing to the increased IT expenditure
in Delhi and NCR region.
Years considered for this report:
Historical
Years: 2014-2017
Base Year: 2018
Estimated Year: 2019E
Forecast Period:
2020F–2024F
Objective of the Study:
- To define, segment,
describe and forecast the India face matching and authentication solutions
market on the basis of Deployment Type, Authentication Type, Verticals, Region
and Company.
- To analyze and
forecast India face matching and authentication solutions market size in
terms of value.
- To present detailed
market segmentation and forecast the segment market size, in terms of
value. Verticals namely, Government, Enterprise, BFSI, Mobile Application &
Social Media and Others are included in the report.
- To identify the drivers
and challenges for the India face matching and authentication solutions
market.
- To analyze and
forecast the market size, in terms of value for India face matching and
authentication solutions market with respect to the Deployment Type,
Authentication Type and Region.
- To profile the leading
players in the market which are driving the innovation and technological
advancements in India face matching and authentication solutions market.
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Key Players in India face matching
and authentication solutions market are NEC Technologies India Private Limited, Videonetics
Technology Private Limited, Matrix Comsec Private Limited, Gemalto Digital
Security Private Limited and Zerone Consulting Private Limited.
TechSci Research
performed both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of Face matching and authentication solutions
in India. Subsequently, TechSci Research conducted primary research surveys
with the identified companies. While interviewing, the respondents were also
enquired about their competitors. TechSci Research further analyzed the Security
offerings or variants of major Face matching and authentication solutions.
TechSci Research
calculated the market size for India face matching and authentication solution market
using a top down approach, where data for different components for standard
application were recorded and forecast for the future years. TechSci Research
sourced these values from industry experts and company representatives, and these
were externally validated through analyzing historical data of Face matching
and authentication solutions market to arrive at the overall market size.
Various secondary sources such as secondary Company Website, Company Annual
reports, Press Releases, white papers, investor presentations and financial
reports were also used by TechSci Research.
Key Target Audience:
- India face matching
and authentication solution providers
- Research organizations
and consulting companies
- Associations,
organizations and alliances related to Face matching and authentication solution
- Government bodies such
as regulating authorities and policy makers
- Industry associations
- Market research and
consulting firms
The
study is useful in providing answers to several critical questions that are
important for industry stakeholders such as Face matching and authentication solution,
companies, customers and policy makers, about the targeted market segments in
coming years (next two to five years) in order to strategize investments and
capitalize on the growth of market segment.
Report Scope:
In
this report, Face matching and authentication solution market has been
segmented into the following categories in addition to the industry trends
which have also been detailed below:
- Market by Deployment Type,
- Market by Authentication
Type,
·
Market by Verticals
- Government
- Enterprise
- BFSI
- Mobile
Application and Social Media
- Others
·
Market by Region
·
Market by Company,
o
NEC
Technologies India Private Limited
o
Videonetics
Technology Private Limited
o
Matrix
Comsec Private Limited
o
Gemalto
Digital Security Private Limited
o
Zerone
Consulting Private Limited
o
Other Leading Companies
Competitive Landscape
Company Profiles: Detailed analysis of
the major companies providing Face matching and authentication solutions.
Available
Customizations:
With the given
market data, TechSci Research offers customization according to the client’s
specific needs. The following customization options are available for the
report:
Customer Profiling
- Detailed analysis and
profiling of additional market players (up to five)