Emergen Research Logo
Iris Recognition Market Growth - CAGR of 12.6%, Market Trends – Higher usage of iris recognition system (IRS) in government biometric portfolio.
VANCOUVER, BC, CANADA, July 21, 2022 /EINPresswire.com/ -- The Global Iris Recognition Market is forecasted to be worth USD 5.88 billion by 2027, according to a current analysis by Emergen Research. 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.
The report on the Global Iris Recognition Market initially offers an in-depth overview of the Iris Recognition Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
Click the link to get a Free Sample Copy of the Report: @https://www.emergenresearch.com/request-sample/185
Further key findings from the report suggest
In June 2020, EyeLock LLC, a leading manufacturer of the iris recognition-based identity authentication solutions, revealed a global strategic partnership with CMITech Company, Ltd. of South Korea. The partnership & collaboration would help broaden the accessibility of the global iris technology market and enable EyeLock to launch new interoperable products in addition to the existing product line.
The smartphone & tablet sub-segment is growing with the fastest growth rate of 12.6% during the projected era with extensive implementation in the smartphone industry, owing to the incorporation of the iris scanners in the smartphones for their higher accuracy & precision in the multimodal multiple biometrics three-dimensional sensing system that drastically reduces the chances of replication or duplicity.
The developing regions including China, India, Vietnam, Taiwan, and South Korea in the Asia Pacific are experiencing a rapid development in the smartphone & electronic devices and growing incidences of security threats, and a huge concern for the personal authentication along with a higher economic development & government initiatives against the public security breaching in the developing countries especially, deliberately help propel the market enforcement.
The report highlights the current impact of COVID-19 on the Iris Recognition market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Iris Recognition according to the impact of COVID-19.
Major Players/Manufacturers profiled in the report are:
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.
Request a discount on the report @https://www.emergenresearch.com/request-discount/185
For the purpose of this report, 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
Regional Analysis 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)
The report offers a complete understanding of the Iris Recognition market in key regions with respect to regional production and consumption patterns, import/export, supply and demand dynamics, trends, growth prospects, and the presence of prominent players in each region. Each of the mentioned regions is analyzed based on the comprehensive market data obtained from the major countries of each region to impart a clear understanding of the market.
Request customization of the report @https://www.emergenresearch.com/request-for-customization/185
The report offers insightful information about the market dynamics of the Iris Recognition market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Iris Recognition market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Iris Recognition market.
Key Coverage of the Iris Recognition Market:
Insightful information regarding the global Iris Recognition market
Identification of growth in various segments and sub-segments of the Iris Recognition market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations
Click here to Proceed Now @https://www.emergenresearch.com/select-license/185
Thank you for reading our report. To request a customization or for further inquiries, kindly get in touch with us. Our team will ensure the report is tailored meet to your needs.
Read similar reports by Emergen Research:
Application Performance Monitoring Market
https://www.emergenresearch.com/industry-report/application-performance-monitoring-market
Fc Fusion Protein Market
https://www.emergenresearch.com/industry-report/fc-fusion-protein-market
Aircraft Refurbishing Market
https://www.emergenresearch.com/industry-report/aircraft-refurbishing-market
Electric Vehicle Testing Inspection And Certification Market
Expanded Thermoplastic Polyurethane Market
https://www.emergenresearch.com/industry-report/expanded-thermoplastic-polyurethane-market
Wireless Electronic Health Records Market
https://www.emergenresearch.com/industry-report/wireless-electronic-health-records-market
Small Caliber Ammunition Market
https://www.emergenresearch.com/industry-report/small-caliber-ammunition-market
Digital Water Market
https://www.emergenresearch.com/industry-report/digital-water-market
Smart Indoor Garden Market
https://www.emergenresearch.com/industry-report/smart-indoor-garden-market
Semiconductor Lasers Market
https://www.emergenresearch.com/industry-report/semiconductor-lasers-market
Lithium Mining Market
https://www.emergenresearch.com/industry-report/lithium-mining-market
Cell Expansion Market
https://www.emergenresearch.com/industry-report/cell-expansion-market
Automotive Fuel Injection Systems Market
https://www.emergenresearch.com/industry-report/automotive-fuel-injection-systems-market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
Visit us on social media:
Facebook
Twitter
LinkedIn
