SmartCards Expo 2016 and IoT India Expo 2016 along with its co-located EXPOs, recoded 14% growth in the number of exhibitors and 10% growth in space occupied by the exhibitors.
SmartCards Expo 2017, the 19th Edition, along with IoT India Expo 2017, e-Security Expo 2017, RFidIndia Expo 2017, Biometrics India Expo 2017, e-Payments India Expo 2017 and Mobile Payments India Expo 2017, will be held on October 25,26, 27, 2017 at Pragati Maidan, New Delhi, India
Internet of Things
According to a recent report by Nasscom and Deloitte, the Internet of Things (IoT) market in India is expected to grow up to USD 15 billion by 2020 from USD 5.6 billion in 2016, driven by adoption across sectors like manufacturing, automotive, transportation and logistics, etc. The IoT ecosystem in India comprises of around 120 organisations from across the value chain. The global IoT market expected to grow to over USD 3 trillion by the same period as both consumer and industrial applications drive overall IoT growth.
Secure ID market
While consolidating the current market base, Secure ID devices are finding newer application areas. Smart card replaced by biometrics (Aadhaar) in certain government applications, especially government subsidies distribution, is penetrating into newer application areas like Corporate, manufacturing and most importantly banking and Financial sector.
Similarly, RFID applications are growing rapidly – almost at the CAGR of about 25%. Its applications are spreading into industrial segment, manufacturing, healthcare, railways, transport, retail, automotive, supply chain, public transit and several other areas.
As projected earlier, Biometrics market in India is expected to grow at a CAGR of over 35% during 2015-2020. Growth in the biometric market is anticipated on account of its extensive use in government applications – e-passport, Visa, unique ID card under Aadhaar, integration of biometric technologies in security systems and ofcourse government subsidies distribution.
Digital India Initiative
“Digital India” initiative, launched by Prime Minister Narendra Modi, in 20015, aims to connect the entire country with high-speed internet networks to ensure availability of Government services electronically to the rural population. The initiative has also created a sort of cordial and friendly scenario in the country for secure Identification technologies like smart card, RFID and biometrics.
India is witnessing a year on year growth of close to 40% in digital transactions. According to experts, the shift to Digital (electronics/ mobile) Payment will give a big boost to the Indian economy. According to a report by Counterpoint Research,“India has become the second largest smartphone market in the world with 220 million smartphone users”. Thus, it does make economic sense for businesses to have a mobile first/mobile ready platform.
Smart Card market in India, growing approximately at CAGR of around 13%, was set to cross Rs.5,500 crore (approx. US$ 1 billion) in 2015. Major new initiatives like recently launched National Common Mobility Card (NCMC), which enables seamless travel by different metros and other transport systems across the country and Reserve Bank of India’s mandate to banks for migrating to EMV chip-based and PIN enabled debit and credit cards by January 31, 2016; is expected to give further boost to smart card market.
RFID market in India, according to a Reportlinker report, is forecasted to grow at the CAGR of around 25% during 2013-2018. In India. The usage of RFID technology is growing at a considerably fast pace. Industries such as retail, Transport, healthcare, automotive, supply chain, identification and public Transit are opening up huge opportunities for RFID industry players.
Biometrics market in India: according to a recently published TechSci Research report, “India Biometrics Market Forecast and Opportunities, 2020”, is projected to grow at a CAGR of over 35% during 2015 – 2020. Growth in the market is anticipated on account of extensive use of biometric technology in the government sector. Revenue from the Indian biometrics market could reach up to US$2bn by 2018. As of now UIDAI has generated more than one billion Aadhaar cards.
INTERNET OF THINGS (IOT)
Internet of Things (IoT) technology in India is currently in the nascent stages, but has potential of much faster growth. IoT links smart objects to the Internet, enabling them exchange of data and bringing users information in a more secure way. IoT is the network of physical objects— devices, vehicles, buildings, cars, electronic appliances, lights in households and commercial environments, alarm clocks, speaker systems, vending machines and several other items embedded with electronics, software, sensors, and network connectivity. There are more than 12 billion devices that can currently connect to the Internet and researchers at IDC estimate that there will be 26 times more connected things.
In addition to the above, recently announced two significant initiatives by the Prime Minister Narendra Modi – Digital India initiative and developments of 100 smart cities as satellite towns of larger cities and modernization of the existing 500 mid-sized cities are envisaged.
All these initiatives are opening up new markets for Smart Cards, e-Security, RFID, Biometrics and IoT devices and e-Payments/Mobile Payments.