India Face Matching And Authentication Software Market Set to Grow at a CAGR of 35.9% until 2024

Growing adoption of facial attendance and timekeeping coupled with rising demand for cloud-based face matching and authentication software to propel India face matching and authentication software market through 2024  

According to TechSci Research report, “India Face Matching And Authentication Software Market By Deployment Type, By Authentication type, By Verticals, Competition Forecast & Opportunities, 2024’’, India face matching and authentication software market is projected to grow at a CAGR of 35.9% during 2019-2024, owing to growing demand for cloud based face matching and authentication software and increasing demand in Banking & financial sectors. Moreover, increasing use of multimodal biometric adoption along with rising use of face matching and authentication software in smartphones is further propelling growth in the market. In addition, Smart City projects and adoption of facial recognition software in mobile wallet is anticipated to steer growth in India face matching and authentication software market in the coming years.

Browse 25 market data 95 Figures spread through 79 Pages and an in-depth TOC on “India Face Matching And Authentication Software Market”

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Among Authentication types, 1: N authentication type accounts for the largest share in India face matching and authentication software market. Moreover, the segment is expected to be the fastest growing authentication type during the forecast period owing to rising focus of companies towards enhancement of software to increase the accuracy rate, which reduces the authentication time. NEC Technologies India Private Limited, Videonetics Technology Private Limited, Matrix Comsec Private Limited, Gemalto Digital Security Private Limited and AllGoVision Technologies Pvt Ltd are the major companies operating in India face matching and authentication software market.

“South region led India face matching and authentication software market in 2018 and is expected to continue its dominance throughout the forecast period as well on account of growing government initiatives in the region. Moreover, the region is the IT hub of India, which is further contributing to its growth. Moreover, increasing deployment of facial recognition at airports in cities like Hyderabad and Bengaluru is further fuelling growth in the region’s face matching and authentication software market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Face Matching And Authentication Software Market By Deployment Type, By Authentication type, By Verticals, Competition Forecast & Opportunities, 2024’” has evaluated the future growth potential of India face matching and authentication software market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in India face matching and authentication software market.

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