Iris Recognition Market Size, Share, Industry Analysis, Growth, Trends, Statistics, Emerging Technologies, Recent Developments and Forecast 2020-2027
The Global Iris Recognition Market is forecasted to be worth USD 5.88 billion by 2027. The key factors influencing the market include increasing usage of iris recognition system (IRS) in government identity systems and smartphones & other IoT devices owing to its more accurate personal identification, reduced risks of security breaches, and huge overall growth of the IoT device industry.
Extensive
growth in the smartphone usage and higher requirement of effortless & quick
biometric security in smartphone and tablet devices have been a substantial
impulsive factor behind the growth of this market growth. Microelectronic &
semiconductor equipment have been investing enormously in the research &
development of various types of iris-based biometric techniques and
implementing those in those devices. Additionally, increasing usage of
multimodal two-step authentication system along with a higher preference of
iris recognition techniques in such multimodal systems has been a major
propelling factor for this market.
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Competitive Terrain:
The Global Iris Recognition Market is
highly consolidated due to the presence of a large number of companies across
this industry. The report discusses the current market standing of these
companies, their past performances, demand and supply graph, production and
consumption patterns, sales network, distribution channels, and growth
opportunities in the market at length. The report scrutinizes the strategic
approach of key market players towards expanding their product offerings and
fortifying their market foothold.
Companies profiled in the global Iris Recognition market:
BioEnable
Technologies Pvt. Ltd., Iris ID Systems Inc., M2SYS Technology, Honeywell
International Inc., IRITECH INC., Safran SA, EyeLock LLC, Aware Inc., Thales
Group, and IrisGuard UK Ltd., among others.
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Emergen Research has segmented into the global Iris Recognition
Market on the basis of Product, Industry Vertical, Application, System Type,
Component, and Region:
Product Outlook (Revenue: USD Billion; Volume: Thousand Units;
2017-2027)
Iris
Scanners
Smartphone
& Tablets
Wearable
Gadgets
Others
Industry Vertical Outlook (Revenue: USD Billion; Volume: Thousand
Units; 2017-2027)
Consumer
Electronics
Government
& Defense
Banking,
Financial services, and Insurance (BFSI)
IT
& Telecommunication
Retail
and E-commerce
Human
Resource
Healthcare
Others
Application Outlook (Revenue: USD Billion; Volume: Thousand Units;
2017-2027)
Identity
management and Access Control
Time
Monitoring
E-Payment
Component Outlook (Revenue: USD Billion; Volume: Thousand Units;
2017-2027)
Hardware
Software
System Type Outlook (Revenue: USD Billion; Volume: Thousand Units;
2017-2027)
Unimodal
Biometric Systems
Multimodal
Biometric Systems
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Regional Bifurcation of the Iris Recognition Market Includes:
North
America (U.S., Canada)
Europe
(U.K., Italy, Germany, France, Rest of EU)
Asia
Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin
America (Chile, Brazil, Argentina, Rest of Latin America)
Middle
East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19
pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints,
Opportunities, Limitations
Chapter 6: Key manufacturers of the
industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on
type & applications
Chapter 9: Current and Future Trends
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