Indian biometrics market to grow 42.4% by 2014
Biometric Technology Today · 2012
Research firm TechNavio forecasts the biometrics market in India will grow at a CAGR of 42.4% over the period 2010–2014. 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 but Technavio analysts point out that lack of unified standards could pose a challenge to the growth of this market.