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Iris Recognition Market Trends and Growth Drivers by 2023 With Key Players - 3M, Iritech, Inc., Smartmatic, BioEnable Technologies Pvt Ltd, SRI International, Safran, IrisGuard UK Ltd and Crossmatch

01-24-2019 12:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Iris Recognition Market Trends and Growth Drivers by 2023 With

The security of critical data stored in several electronic devices is becoming more important in the world of information technology. The integration of cloud computing technology with the iris biometrics system has created opportunities for the growth of the global iris recognition market.

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The biometrics systems are used for home security and commercial purposes, which is driving the growth of the biometrics market, thus propelling the growth of the global iris recognition market. Biometric technology is used in commercial applications for time and attendance and workforce management.

Iris recognition is the advanced use of biometrics technologies, for the identification of an individual. It uses mathematical investigation of a unique pattern of the iris, and offers high level of accuracy. During the process of iris recognition, a video-based image acquisition system captures the biometric features of the iris, using infrared illumination.

The consumer electronics segment is expected to grow with the highest rate during the forecast period, because of the commercialization of several electronic iris scan-based devices, such as smart watches, tablets, smartphones, notebooks, and several others. As the governments in Asia-Pacific have introduced several projects in terms of border administration and national identities, the market in the region is expected to grow with the fastest rate during the forecast period.

Explore report description @ https://www.psmarketresearch.com/market-analysis/iris-recognition-market

Iris ID Inc., 3M, Iritech Inc., Smartmatic, BioEnable, SRI International, Safran, IrisGuard Inc., CROSSMATCH, EyeLock are some of the competitors in the global iris recognition market.

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