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Iris Recognition Market by Component, Product, Application, Industry & Geography Global - Forecast to 2020

Iris Recognition Market: Forecast until 2020

  • September 2015
  • 149 pages
  • ID: 3312043
In this report:
In the iris recognition market, the iris recognition software and software development kit (SDK) are expected to hold more than ##% of the total market share during the forecast period and is expected to grow at the highest CAGR of ##.##% between 2015 and 2020.
The government sector accounted for the largest market share of more than ##% of the total iris recognition market in APAC in 2014 and is expected to grow from USD ##.## million in 2013 to USD ##.## million by 2020, at a CAGR of ##.##% between 2015 and 2020.

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The iris recognition market is anticipated to grow at a quick pace in most of the regions in the world due to increasing concerns of every country towards the safety and security of citizens and the focus of actors for incorporating the technology in several application areas including government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, and so on. A huge demand from different government organizations and travel and immigration departments is a main factor which is driving the market increase. The industry is further driven by the implementation of e-passport programs, national ID proofs, and so on. It offers one of the most secured methods of authentication and identification as a result of the unique characteristics of an iris. In 2014, the whole Americas recorded for the biggest share of the iris recognition market, succeeded by EU and Asia-Pac.

The integration of cloud computing technology to assure high-level security is creating alternatives for this industry. The analysis reviews the latest market trends with business insights concerning future increase prospects. A thorough analysis on a geographic basis offers strategic business intelligence for market investments in the sector. The market research reveals profitable investment strategies for product manufacturers, electronics companies, business executives, product marketing managers, new business investors, and others.

In this industry report, the sector is divided on the basis of component- hardware and software, product- smartphone, smartwatch, tablet & notebook, PC/laptop, and scanner, application- access control and time monitor, industry- government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, and automotive. The competitive landscape section of the report primarily focuses on top players in the iris recognition market, their latest developments, and respective market ranking. Additionally to this, the market research entails emerging market trends, advancements in the technological space, market demand of segments, top increase areas, market size projections, region-wise demand factors, and main competitors' review.

The geographic segmentation of the report includes four main regions of the world, that is, the whole Americas, Europe (EU), Asia Pacific (APAC), and Rest of the globe. The report also profiles main actors in the iris recognition market. Some of the main players in this sector are 3M Cogent Inc., Safran, Cross Match Technologies Inc., Iris ID, Incorporated, Iritech, Incorporated, SRI International, EyeLock, and so on.

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