The Global Iris Recognition Market report covers the present scenario and the growth prospects of the Iris Recognition for 2016-2020. To calculate the market size, the report considers both the direct revenue and the indirect revenue of the vendors. The Iris Recognition Market to grow at a CAGR of 21.45% during the period 2016-2020.
Iris recognition is one of the most secure, and accurate biometrics modality that is used for security and surveillance purposes in sectors such as government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive. This biometrics technology came into existence in 1994 and many countries across the globe have deployed this technology for cross-border control and national ID initiatives.
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The report provides a basic overview of the Iris Recognition including definitions, classifications, applications and market Sales chain structure. The Iris Recognition report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing.
Iris Recognition Market Opportunities:
With a purpose of enlightening new entrants about the possibilities in this market, this report investigates new project feasibility. Various details about the manufacturing process such as market drivers, impact of drivers, market challenges and impact of drivers and challenges, market trends, vendor landscape analysis and so on, is discussed in the report.
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Top players in Iris Recognition Industry
• 3M Cogent
• Crossmatch Technologies
• Iris ID
Other prominent vendors
• 4G Identity Solutions
• BI² Technologies
• Biomatiques Identification Solution
• Easy Clocking
• M2SYS Technology
• Smart Sensors
• SRI International
In the end, the report makes some important proposals for a new project of Iris Recognition Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Iris Recognition industry covering all important parameters.
Factors driving Iris Recognition market
• Introduction of iris scanners in smartphones
Challenges faced by key vendors that restrain Iris Recognition Industry
• High costs
Rising trends in market
• Introduction of iris recognition in multimodal biometrics
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Key questions answered in this Iris Recognition report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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