Iris recognition is a form of biometric technology which uses visible and near-infrared light to take a high-contrast photo of an individual's iris. The technology uses mathematical pattern recognition methods on video images of both the irises, whose complicated random patterns are unique, stable, and are visible from certain distances. Stability and security are significant factors driving the demand for the iris recognition market.
MARKET DYNAMICS
The growing adoption of iris recognition technology by government organizations for identification and authentication purposes driving the global iris recognition market. Nevertheless, the presence of various competing biometric technologies might hinder the growth of the global iris recognition market. Furthermore, the integration of cloud computing with iris recognition technology is anticipated to create opportunities for the iris recognition market during the forecast period.
MARKET SCOPE
The "Global Iris Recognition Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the global iris recognition market with detailed market segmentation by offering, application, industry and geography. The global iris recognition market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading iris recognition market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global iris recognition market is segmented on the offering, application, and industry. On the basis of offering, the iris recognition market is segmented into software and services. On the basis of application, the iris recognition market is segmented attendance tracking and monitoring, emotion recognition, access control, and law enforcement. On the basis of industry, the iris recognition market is segmented into BFSI, healthcare, retail, government, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global iris recognition market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The iris recognition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the iris recognition market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces Analysis on a global scenario.
MARKET PLAYERS
The reports cover key developments in the iris recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from iris recognition market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace bearings in the global market. Below mentioned is the list of few companies engaged in the iris recognition market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the iris recognition market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Bioenable Technologies
- CMITech Company, Ltd.
- EyeLock LLC
- HID Global Corporation
- IDEMIA
- Irisguard
- Iritech, Inc.
- NEC Corporation
- Princeton Identity
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.