Core SEO Marketing Global Iris Recognition Market Analysis & Forecast

Report Information
Global Iris Recognition Market Analysis & Forecast 2016 To 2022
https://www.marketresearchnest.com/global-iris-recognition-market-analysis-and-forecast-2016-to-2022.
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A Report Description
Introduction
The iris recognition can identify suspect with 100% accuracy as it captures an image of the unique structure
of an iris and authenticates it with a unique code which is very difficult to crack by any hacker. The structural
formation of the human iris is fixed after the first year of life and remains constant through a lifetime. The high
demand for advanced surveillance systems, growing smartphone market and increasing IOT market has
attracted biometric products and service providers to implement a high-tech biometric feature such as iris
recognition into smart devices. The Iris recognition market is driven by the need for a sophisticated security
system. As Iris recognition technology is used in security systems to detect suspects, therefore it has
significant demand in various industries such as government, BFSI, consumer electronics, healthcare, and
others.
By component, the iris recognition market is segmented as hardware and software. The hardware
components include scanners, cameras, handheld devices, integrated devices, and others. The software
components consist of SDKs and APIs for iris recognition. Various major players such as Iris ID, IriTech, Inc.
CMITech company and many others offer a wide range of products including high-end hardware and
software.
The high demand for advanced surveillance systems, growing adoption of smartphones and increasing IOT
market has attracted biometric products and service providers to implement high-tech biometric features such
as iris recognition into smart devices. The iris recognition market by product is segmented into personal
computers or laptops, smart watches, and smartphones among others. Personal computers or laptops are
highly adopted in education, corporates, and law enforcement agencies worldwide to perform operations
such as crime investigation, access control, time and attendance management, visitor data management and
many others. Furthermore, the growing technological advancements result in the deployment of iris
recognition feature into smartphones and smartwatches.
The global iris recognition market was valued at USD 525.91 Million in the year 2016, which is expected to
reach USD 1801.29 Million by the end of the forecast period growing at 22.78% CAGR.
Key Players
The key players of Iris Recognition Market 3M Cogent Inc., Safran S.A., Cross Match Technologies Inc., Iris
ID, Inc., IriTech, Inc., Eye Lock, CMITech Company, Ltd., Irisys Co., Ltd., Princeton identity and IBM
Corporation among others.
Global Iris Recognition Market Analysis and Forecast, from 2016 to 2022
* To provide a detailed analysis of the market structure along with a forecast for the next ten years of the
various segments and sub-segments included in global iris recognition market with analysis of its
development and demand in the market
* Upcoming technologies, high growth geographies, and countries were identified
* Regional and country-specific demand and forecast for iris recognition were studied
* Key segments covered in the report are: components, product, application, and end-user.
* The unit breakdown for all different classification was finalized; and same was referred for forecasting,
keeping few assumptions into factor
* For all the regions, forecast demand for all applications was identified, and then with historical figure, data