Global Iris Recognition Market Size to reach USD 2 billion by 2026 | Thales Group, Idemia, HID Global, Iris ID, Iritech, Irisguard, Eyelock, NEC Corporation, Princeton Identity, Cmitech

Market Study Report recently introduced new title on "2019-2026 Global Iris Recognition Market Report" that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2026.

Global iris recognition market is valued approximately at USD 2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 13.20% over the forecast period 2019-2026. Iris recognition can be defined as an automated way or method for biometric identification that uses mathematical pattern recognition technique based on video images of both the iris.

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The regional analysis of global iris recognition market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share the presence of prominent players coupled with high investment in R&D activities in the development of advanced technologies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing consumer electronics coupled with would growing occurrences of cybercrime create lucrative growth prospects for the Iris Recognition market across Asia-Pacific region.

Furthermore, increasing use of iris technology in e-passport programs and in automotive industry are also contributing towards market growth. Moreover, integration of cloud computing with iris recognition technology and use in e-commerce industry is expected to create significant growth opportunity in the market over the forecast period. However, fear of privacy intrusion and inconvenience impedes the growth of the market over the forecast period of 2019-2026.

Rising adoption of iris technology by different end use industries such as government organization, consumer electronics coupled with surging demand for iris scanners in access control application are key driving factors of market growth.

This technology combines pattern recognition computer vision, optics and statistical inference. Iris recognition technology is widely used for identification, recognition and for authentication purpose. This technology is suitable and widely used in authoritative premises towards reducing incidences of security breaches.

Major market player included in this report are:
o The objective of the study is to define market sizes of different segments & countries in recent Thales Group
o Idemia
o HID Global
o Iris ID
o Iritech
o Irisguard
o Eyelock
o NEC Corporation
o Princeton Identity
o Cmitech

years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
o Hardware
o Software

By Vertical:
o Government
o Military & Defense
o Healthcare
o Banking & Finance
o Consumer Electronics
o Travel & Immigration
o Automotive
o Others

By Product:
o Smartphones
o Wearables
o Tablets & Notebooks
o Personal Computers/Laptops
o Scanners

By Application:
o Time Monitoring
o E-Payment

By Region:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World

Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017
o Base year - 2018
o Forecast period - 2019 to 2026

Target Audience of the Global Iris Recognition Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
o Investors

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Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Iris Recognition Market, by Region, 2017-2026 (USD Billion)
1.2.2. Iris Recognition Market, by Component, 2017-2026 (USD Billion)
1.2.3. Iris Recognition Market, by Product, 2017-2026 (USD Billion)
1.2.4. Iris Recognition Market, by Application, 2017-2026 (USD Billion)
1.2.5. Iris Recognition Market, by Vertical, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Iris Recognition Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Iris Recognition Market Dynamics
3.1. Iris Recognition Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Iris Recognition Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers

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