Iris Recognition Market Size, Share, Development, Growth and Demand Forecast to 2020

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  • GLOBAL INDUSTRY INSIGHT: Iris Recognition Market Size, Share, Development, Growth and Demand

    Forecast to 2020

  • P&S Market Research. All rights reserved 2

    Global Iris Recognition Market Size, Share, Development, Growth

    and Demand Forecast to 2020

    The security of critical data stored in several electronic devices is becoming more important in the world of

    information technology. The integration of cloud computing technology with the iris biometrics system has created

    opportunities for the growth of the global iris recognition market. There is high adoption of biometrics in various

    projects, like e-visas, e-passports, and driving licenses to eradicate identity theft and duplication. Iris recognition

    is one of the most secure methods of identification and authentication, because of the unique distinctive

    characteristics of iris. The Iris recognition technology is also used within the infant security systems in hospitals,

    and offers proven protection against infant theft or abduction, and swapping by centralizing the infant database.

    The biometrics systems are used for home security and commercial purposes, which is driving the growth of the

    biometrics market, thus propelling the growth of the global iris recognition market. Biometric technology is used in

    commercial applications for time and attendance, and workforce management.

    Explore more about Global Iris Recognition Market at: https://www.psmarketresearch.com/market-

    analysis/iris-recognition-market

    Iris recognition is the advanced use of biometrics technologies, for the identification of an individual. It uses

    mathematical investigation of a unique pattern of the iris, and offers high level of accuracy. During the process of

    iris recognition, a video-based image acquisition system captures the biometric features of the iris, using infrared

    illumination. Iris recognition system is extensively adopted, because it is non-invasive, non-intrusive, and can be

    executed from nearly half a meter distance. The identification process in iris recognition is carried out by gathering

    one or more detailed images of the iris configurations. The iris recognition process uses the camera technology

    with near infrared illumination. The high resolution based images of the iris are considered in the recognition

    process, which are visible to the human eye. Some of the benefits of the iris recognition technology are that it is

    difficult to forge, accurate, and easy to use. The occurrences of cybercrimes, terrorist attacks, and other cross-

    border illegal activities have increased the need of employing the iris recognition technology.

    Download TOC at: https://www.psmarketresearch.com/market-analysis/iris-recognition-market/toc-sample

    The consumer electronics segment is expected to grow with the highest rate during the forecast period, because

    of the commercialization of several electronic iris scan-based devices, such as smart watches, tablets,

    smartphones, notebooks, and several others. As the governments in Asia-Pacific have introduced several

    projects in terms of border administration and national identities, the market in the region is expected to grow with

    the fastest rate during the forecast period. The demand of electronic access control systems in Asia-Pacific is

    continuously increasing, due to concerns over the increasing identity theft and fraud, and enhancement of security

    across government and commercial setting. North America is expected to account for the largest share among

    regions, during the forecast period. The high cost of systems, and availability of cost effective alternatives are

    some of the factors, restraining the growth of the global iris recognition market. The biometric technology is also

    used in the fingerprint verification system.

  • P&S Market Research. All rights reserved 3

    Global Iris Recognition Market Size, Share, Development, Growth

    and Demand Forecast to 2020

    Browse Related Market Research at: https://www.psmarketresearch.com/industry-report/ict-and-media

    Iris ID Inc., 3M, Iritech Inc., Smartmatic, BioEnable, SRI International, Safran, IrisGuard Inc., CROSSMATCH,

    EyeLock are some of the competitors in the global iris recognition market.

    Global Iris Recognition Market Segmentation:

    By Component

    Hardware

    Software

    By Product

    Smartphones

    Smartwatches

    PCs

    Laptops

    Tablets and Notebooks

    Scanners

    Others

    By Application

    Access control

    Others

    By Industry Type

    Government

    Military and Defense

    Healthcare

  • P&S Market Research. All rights reserved 4

    Global Iris Recognition Market Size, Share, Development, Growth

    and Demand Forecast to 2020

    Banking and Finance

    Consumer Electronics

    Travel and Immigration

    Others

    By Geography

    North America

    Europe

    Asia -Pacific

    ROW

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    Global Iris Recognition Market Size, Share, Development, Growth

    and Demand Forecast to 2020

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