India Face Matching And Authentication Software Market By Deployment Type (On-premise & Cloud), By Authentication type (1: 1 & 1: N), By Verticals (Office Workspace, Banking & Telecom, Construction, Manufacturing & Others), Competition Forecast & Opportunities, 2024

India face matching and authentication software market is projected to grow from $ 700.6 million in 2018 to $ 4,336 million by 2024, exhibiting a CAGR of 35.9%. Growth in the market can be attributed to increasing use of multimodal biometric adoption, growing demand for cloud based face matching and authentication software and increasing demand in banking & financial sector. Moreover, rising use of face matching and authentication software in smartphones is further fueling growth in the market.
Among deployment type, cloud deployment dominated India face matching and authentication software market in 2018 and is also expected to be the fastest growing deployment type during the forecast period owing to its various benefits such as reduced IT staffing/administration, increased flexibility and on demand scalability and reduced total cost of ownership.
By Authentication Type, 1: N authentication type dominated India face matching and authentication software Market in 2018 and is also expected to be the fastest growing authentication type during the forecast period owing to the ongoing enhancement of software to increase the accuracy rate, i.e., reduce false acceptance rate (FAR) and false rejection rate (FRR). As a result, the speed of authentication is reduced to an average of 1-5 seconds. Moreover, 1: N also reduces the additional cost of cards or other devices/tokens required in case of 1: 1 authentication type.
Among verticals, office workspaces dominate India face matching and authentication software market as it requires facial recognition for various applications including physical access to workplace, attendance tracking and user provision to corporate networks. Moreover, increasing acceptance of facial recognition for attendance tracking and access control applications is further contributing to the growth of this segment.
By Region, South region garnered the highest market share in 2018 and is expected to continue its dominance throughout the forecast period as well owing to the region being the IT hub of India coupled with the growing government initiatives in the region.
NEC Technologies India Private Limited accounts for the largest share in India face matching and authentication software market.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 20202024
Objective of the Study:
To define, segment, describe and forecast the India face matching and authentication software market on the basis of deployment type, authentication type, verticals, region and company.
To analyze and forecast India face matching and authentication software market size.
To scrutinize the detailed market segmentation and forecast the market size, on the basis of segmenting the India face matching and authentication software market verticals into following, namely, office workspace, banking and telecom, construction, manufacturing, real estate commercial, retail outlets, event management, warehouse, entertainment and others.
To identify the drivers and challenges for India face matching and authentication software market.
To analyze and forecast the market size for India face matching and authentication software market with respect to deployment type, authentication type, verticals, region and company.
To strategically profile leading players in the market which are driving the innovation and technological advancements in India face matching and authentication software market.

Key players in India face matching and authentication software market are NEC Technologies India Private Limited, Videonetics Technology Private Limited, Matrix Comsec Private Limited, Gemalto Digital Security Private Limited and AllGoVision Technologies Pvt Ltd, among others.
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 software 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 software.
TechSci Research calculated the market size for India face matching and authentication software market using a bottom-up 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 software 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 studied by TechSci Research.
Key Target Audience:
India face matching and authentication software providers
Research organizations and consulting companies
Associations, organizations and alliances related to face matching and authentication software
Government bodies such as regulating authorities and policy makers
Industry associations
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as face matching and authentication software, companies, customers and policy makers, about the targeted market segments in coming years in order to strategize investments and capitalize on the growth of market segment.
Report Scope:
In this report, India face matching and authentication software market has been segmented into the following categories in addition to the industry trends which have also been detailed below:
Market by Deployment Type,
oCloud
oOn-Premise
Market by Authentication Type,
o1: N
o1: 1
Market by Verticals
oOffice Workspace
oBanking and Telecom
oConstruction
oManufacturing
oReal Estate Commercial
oRetail Outlets
oEvent Management
oWarehouse
oEntertainment
oOthers
Market by Region,
oSouth
oWest
oNorth
oEast
Market by Company,
oNEC Technologies India Private Limited
oVideonetics Technology Private Limited
oMatrix Comsec Private Limited
oGemalto Digital Security Private Limited
oAllGoVision Technologies Pvt Ltd.
oOthers
Competitive Landscape
Company Profiles: Detailed analysis of the major companies providing face matching and authentication software.
Available Customizations:
With the given market data, TechSci Research offers customization according to the companys specific needs. The following customization options are available for the report:
Customer Profiling
Detailed analysis and profiling of additional market players (up to five)
1.Product Overview
2.Research Methodology
3.Executive Summary
4.Voice of Customer
4.1.India face matching and authentication software Respondents, By Parameters Considered while Buying Facial Recognition Solution (N=50)
4.2.India face matching and authentication software Respondents, By Challenge(s) Faced (N=50)
4.3.India face matching and authentication software Respondents, By Satisfaction Level on Existing Facial Recognition Solution based on Following Parameters (N=50), (where 1 is Least Important and 5 is extremely Important)
4.4.India face matching and authentication software Respondents, By currently used Authentication type of facial recognition (N=50)
4.5.India face matching and authentication software Respondents, By currently used Deployment type of facial recognition (N=50)
4.6.India Face Matching and Authentication Software, By Company (N=50)
5.Global Face Matching and Authentication software Market Overview
6.India Face Matching and Authentication Software Market Landscape
7.India Face Matching and Authentication Software Market Outlook
7.1.Market Size & Forecast
7.1.1. By Value
7.2.Market Share & Forecast
7.2.1. By Deployment Type (On-premise and Cloud)
7.2.2. By Authentication type (1: 1 and 1: N)
7.2.3. By Verticals (Office Workspace, Banking and Telecom, Construction, Manufacturing, Real Estate Commercial, Retail Outlets, Event Management, Warehouse, Entertainment and Others)
7.2.4. By Region (South, West, North and East)
7.2.5. By Company
7.3.Market Mapping
7.3.1. By Deployment Type
7.3.2. By Authentication Type
7.3.3. By Verticals
7.3.4. By Region
8.Market Dynamics
8.1.Drivers
8.2.Challenges
9.Market Trends & Developments
10.Policy & Regulatory Landscape
11.India Economic Profile
12.Competitive Landscape
12.1.Competitive Benchmarking
12.2.Company Profiles
12.2.1.NEC Technologies India Private Limited
12.2.2.Videonetics Technology Private Limited
12.2.3.Matrix Comsec Private Ltd
12.2.4.Gemalto Digital Security Private Ltd
12.2.5.AllGoVision Technologies Pvt Ltd
12.2.6.Mantra Softech (India) Pvt. Ltd.
12.2.7.Prama Hikvision India Pvt Ltd
12.2.8.IDEMIA- Identity and Security
12.2.9.ESSL Biometric Solutions Private Limited
12.2.10.Herta Security S.L.
13.Strategic Recommendations

List Of Figures

Figure 1: India face matching and authentication software Respondents, By Parameters Considered while Buying Facial Recognition Solution (N=50)
Figure 2: India face matching and authentication software Respondents, By Challenge(s) Faced (N=50)
Figure 3: India face matching and authentication software Respondents, By Satisfaction Level on Existing Facial Recognition Solution based on Following Parameters (N=50), (where 1 is Least Important and 5 is extremely Important) (N=50)
Figure 4: India face matching and authentication software Respondents, By currently used Authentication type of facial recognition (N=50)
Figure 5: India face matching and authentication software Respondents, By currently used Deployment type of facial recognition (N=50)
Figure 6: India Face Matching and Authentication Software, By Company (N=50)
Figure 7: India Face Matching and Authentication software Market Size, By Value, 2014-2018 (USD Thousand)
Figure 8: India Face Matching and Authentication software Market Size, By Value, 2019E-2024F (USD Thousand)
Figure 9: Global Biometric Market Size, By Value (USD Billion), including Hardware, Software and Services, 2014-2024F
Figure 10: India Biometrics Market Size, By Value (USD Million), including Hardware, Software and Services, 2014-2024F
Figure 11: Global Facial Recognition Market Size including Software and Services, By Value (USD Billion), 2014-2024F
Figure 12: Asia-Pacific Facial Recognition Market Size including Software and Services, By Value (USD Million), 2014-2024F
Figure 13: Number of Aadhar Issued and Saturation Level in India, By State, 2018
Figure 14: India Face Matching and Authentication software Market Share, By Deployment Type, By Value, 2014-2024F
Figure 15: Indian Public Cloud Services Market Size, By Value (USD Million), 2016-2018
Figure 16: India Face Matching and Authentication software Market Share, By Authentication Type, By Value, 2014-2024F
Figure 17: India Face Matching and Authentication software Market Share, By Authentication Type, By Value, 2014-2024F
Figure 18: India Face Matching and Authentication software Market Share, By Verticals, By Value, 2014-2024F
Figure 19: India Face Matching and Authentication software Market Share, By Region, By Value, 2014-2024F
Figure 20: India Face Matching and Authentication software Market Share, By Region, By Value, 2018 & 2024F
Figure 21: India Face Matching and Authentication software Market Share, By Company, By Value, 2018
Figure 22: Deployment type Map on the basis of Market Size (USD Thousand) & Growth Rate (%)
Figure 23: Authentication type Map on the basis of Market Size (USD Thousand) & Growth Rate (%)
Figure 24: End Use Map on the basis of Market Size (USD Thousand) & Growth Rate (%)
Figure 25: Region Map on the basis of Market Size (USD Thousand) & Growth Rate (%)

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