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Iris Recognition Market
SHERIDAN, ALABAMA, UNITED STATES, November 21, 2021 /EINPresswire.com / -- According to the latest report by IMARC Group, titled“Iris Recognition Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global iris recognition market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global iris recognition market to grow at a CAGR of 23% during 2021-2026.
Iris recognition, or iris scanning, refers to a method that is used for identifying individuals based on the unique pattern of their iris. It utilizes near-infrared and visible light to capture a high-contrast image of the iris. Iris recognition technology combines computer vision, pattern recognition, statistical inference, optics, etc. Various countries across the globe are implementing these systems in points of entry or exit of buildings, airports, and other authoritative premises to reduce incidences of security breaches.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Iris Recognition Market Trends:
In recent years, there has been a rise in the number of crimes and the threat of terrorist attacks across the globe. These incidences have prompted government facilities to install high-tech biometric systems to improve security conditions and prevent fraudulent activities, which is one of the primary factors driving the growth of the market. Numerous key manufacturers are developing iris recognition technology so that it can be integrated with various devices such as smartphones, banking systems, ATMs, etc. These innovations are encouraging investors to conduct large-scale R&D for applying these designs in real-life applications. Healthcare providers are also making efforts to use iris recognition for addressing patient identity challenges. This, in turn, will continue to fuel the iris recognition market over the forecasted period.
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Global Iris Recognition Market 2021-2026 Analysis and Segmentation:
Some of these Key Players Include:
The competitive landscape of the market has been analyzed in the report with detailed profiles of the key players operating in the market.
BioEnable Technologies Pvt. Ltd.
Iris ID Systems, Inc.
IrisGuard
M2SYS Technology
Gemalto N.V.
IRITECH, INC.
SRI International
HID Global Corporation
EyeLock LLC
Market Breakup by Component:
Hardware
Software.
Market Breakup by Product Integration:
Smartphones
Tablets
Notebooks
Scanners
PCs/laptops
Smartwatches
Others
Market Breakup by End User:
Government
Transportation
Healthcare
Others
Market Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America.
Key highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Elena Anderson
IMARC Services Private Limited
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