A latest published report on “Iris Recognition Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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The Global Iris Recognition Market size is expected to grow at a CAGR of 13.2% from 2019 to 2024, to reach US$ 4.3 Billion by 2024 from US$ 2.3 Billion in 2019. This report spread across 157 pages, profiling 10 companies and supported with 126 tables and 37 figures is now available in this research.
Major Vendors profiled in the Iris Recognition Market:
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“Identity management and access control application to dominate the iris recognition market share, in terms of size, during the forecast period”
The market, by application, is segmented into identity management and access control, time monitoring, and e-payment. Iris recognition for identity management and access control application is expected to hold a dominant position throughout the forecast period. For various biometric requirements across the world, such as national ID documents, border control programs, travel and immigration formalities, and election administration, iris recognition systems are being deployed for identity management and access control purposes.
“The government vertical to hold the largest share of iris recognition market from 2019 to 2024”
In terms of market size, the government vertical is expected to dominate the iris recognition industry during the forecast period and is likely to witness significant growth in the said market during the forecast period. Demand for biometric technologies, especially fingerprint, face, and iris recognition technologies in the government sector, has increased considerably in recent years. In the government sector, iris recognition systems are used mainly for identification and authentication purposes, such as for issuing national IDs and for law enforcement.
Competitive Landscape of Iris Recognition Market:
1 Overview
2 Market Ranking Analysis: Iris Recognition Market
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.3 Innovators
3.4 Emerging Companies
4 Competitive Benchmarking
4.1 Strength of Product Portfolio (20 Players)
4.2 Business Strategy Excellence (20 Players)
5 Competitive Situations and Trends
5.1 Product Launches and Developments
5.2 Expansions and Acquisitions
5.3 Partnerships and Agreements
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The Study Objectives of this report are:
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