Press release
Iris Recognition Market Will Hit At CAGR Of 20.68% During Years 2017-2021
Iris recognition is one of the biometric authentication technologies that captures an image of the eye pattern, converts the iris image to a binary template, and then saves the data to a server for future to match the identity of an individual. Some of the major characteristics of technology include contactless, fast and renowned for its accuracy, iris recognition can operate at long distances, stable, non-invasive, non-contact, and hygienic characteristics.
Technavios analysts forecast the global iris recognition market to grow at a CAGR of 20.68% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global iris recognition market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Iris Recognition Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
BioEnable
Iris ID
IrisGuard
IRITECH
M2SYS Technology
Other prominent vendors
BI Technologies
Biomatiques Identification Solution
Delta ID
EyeLock
EyeSmart Technology
EyeVerify
Gemalto
HONGBOG
HYPR
Infinity Optics Solutions
IRISYS
Precision Group
Princeton Identity
Market driver
Increased adoption of iris recognition in government sector
For a full, detailed list, view our report
Market challenge
Vulnerability of biometrics systems
For a full, detailed list, view our report
Market trend
Increased demand for iris recognition in BFSI sector
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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?
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