slide 1: MarketsandMarkets
Market worth 3627.90
Million USD by 2020
Sept 2015 slide 2: Iris Recognition Market worth 3627.90 Million USD by 2020
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.
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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 slide 3: 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.
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