According to a new market research report “Iris Recognition Market by Component (Hardware & Software), Product (Scanner & Others), Application (Access Control & Others), Industry (Travel & Immigration, Military & Defense, & Others) & Geography Global – Forecast to 2020″, the iris recognition market is expected to reach USD 3627.90 Million by 2020, at a CAGR of 23.40% between 2015 and 2020.
Browse 65 market data tables and 66 figures spread through 147 pages and in-depth TOC on “Iris Recognition Market – Forecast to 2020” @
Early buyers will receive 10% customization on reports.
In today’s world of information technology, security for systems is becoming more and more important. Moreover, occurrences of terrorist attacks, cybercrimes, and other cross-border illegal activities have led to the need of high security systems. Iris recognition is one of the accurate and secured technologies for identifying a person by analyzing the random pattern of the iris. It uses the camera technology with near infrared illumination to capture high resolution-based images of an iris which are visible externally. The technology is accurate, easy to use, and difficult to forge. The growth of this market is propelled by applications in government, military & defense, banking & finance, consumer electronics, travel & immigration and so on. Currently, the world’s leading OEMs from consumer electronics to automotive are focused on incorporating the iris recognition technology in their offerings.
In the report, a detailed segmentation of the iris recognition market on the basis of component, product, application, industry, and geography has been provided, which covers all existing and emerging technologies in the market. The report also covers qualitative as well as quantitative data related to the market key insights.
Some of the major companies in the iris recognition market include 3M Cogent Inc. (U.S.), Safran (France), Cross Match Technologies Inc. (U.S.), Iris ID, Inc. (U.S.), Iritech, Inc. (U.S.), SRI International (U.S.), EyeLock (U.S.), and so on.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=141994093
One of the objectives of the report has been to analyze market trends for each of the iris recognition market segments and their respective growth rate. Apart from the market segmentation, the report also covers in-depth analyses such as the Porter’s five forces analysis and the value chain analysis with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the iris recognition market.
The market size for iris recognition is included in the report by taking four geographic regions into account, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The American region is estimated to account for a large share of the iris recognition market during the forecast period, followed by Europe and Asia-Pacific. Moreover, the market in Asia-Pacific is expected to grow at the highest rate.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India