openPR Logo
Press release

Iris Biometrics Market to Witness Significant Rise in Revenue During the Forecast Period 2020- 2030

11-26-2020 05:52 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Iris Biometrics Market to Witness Significant Rise in Revenue

Iris biometric recognizing came in to existence in the year 1994. This is basically an authentication process in which the random iris patterns of a person are analyzed. These patterns are captured using digital cameras and illumination by near infrared technique. The major concern is about the damage to the eye which is overcome by using single LED source to generate infrared rays. Iris biometric recognition has several advantages such as high accuracy and time performance of the technology. Several countries across the globe have deployed iris biometric systems for automated cross border activities and creating national IDs for the people.
This has reduced the time for verification of the person travelling from one place to another across the globe. The national security agencies are using iris scanning technology to verify the identity of the people immigrating into their countries. Further, with advancement in technology and rising demand for security, this technology is expected to be used for big residential buildings over the coming years. However, the technology is intrusive and very expensive.
To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/5084
The rising demand for authentication and extensive support from the government are major factors fuelling the growth of iris biometrics market. Additionally, the rising demand for E-passport, criminal identification and surveillance in public gatherings are other factors that add to the growth of the market. Further, the use of biometric recognition in E-commerce and setting up of a hosted security system on cloud are expected to attract new and existing players towards growing trend in security and authentication. Additionally, the players in this market are expected to deploy multimodal biometric recognition systems to integrate their existing systems with iris biometric system. However, high cost and fear of privacy disturbance are the major concerns that could pose challenge to the growth of the market. Other factors affecting the growth of the market are the technical issues regarding the compatibility with existing systems and time to develop the iris recognition system.
Iris biometric finds major applications in end-use sectors such as government, defense, immigration, banking, finance, consumer electronics, healthcare, home and commercial security among others. Additionally, services such as access control, time and attendance monitor, national identity and public safety are delivered by the solutions provided in the market. The iris biometrics market is classified under four geographical regions, namely, North America, Europe, Asia-Pacific and Rest of the World. Market is currently dominated by Europe followed by North America. Asia-Pacific and Middle-East are catching up fast, and hence they ensure positive outlook for growth of iris biometrics market.
The leading providers for iris biometric scanners are MorphoTrak, Smartmatic, Anviz Global, Smart Sensors Ltd., Iris ID Inc., and SRI International among others. Other players in the market include Aditech Ltd., BioEnable Technologies Pvt. Ltd., Human Reco Systems, IrisGuard Inc., EyeLock Corp. and AOptix Technologies Inc. among others. Additionally, smart phone manufactures are seeing interest in using iris biometric scanning for improving the safety standards. For instance, Samsung is working on research and development for using iris biometric scanning solution for their high-end mobile phone segment. Various other software toolkits such as Iris/Pupil finder, Mirlin SDK, Bath Iris Database and Mirlin iris analyst are available in the market.
To receive extensive list of important regions, ask for TOC here@ https://www.persistencemarketresearch.com/toc/5084
Key geographies evaluated in this report are:
• North America
o U.S
o Canada
• Europe
o France, Germany, Italy, Spain, and the UK
o Eastern Europe
o CIS
• APAC
o China
o India
o Japan
o Australia
o Others
• Latin America
o Argentina
o Brazil
o Others
Key features of this report
• Drivers, restraints, and challenges shaping the Iris Biometrics market dynamics
• Latest innovations and key events in the industry
• Analysis of business strategies of the top players
• Iris Biometrics market estimates and forecasts(2015 -2021)
Pre-Book Right Now for Exclusive Analyst Support @ https://www.persistencemarketresearch.com/checkout/5084

Contact us: 305 Broadway, 7th Floor
New York City, NY 10007 United States
Ph.no. +1-646-568-7751
E-mail id- sales@persistencemarketresearch.comWebsite: https://www.persistencemarketresearch.com

About us:



Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Iris Biometrics Market to Witness Significant Rise in Revenue During the Forecast Period 2020- 2030 here

News-ID: 2196920 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Iris

Iris Recognition Market to Witness Massive Growth | Major Giants Iris ID, IDEMIA …
HTF MI recently introduced Global Iris Recognition Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Thales, Iris ID, IDEMIA, NEC, HID Global, IriTech, EyeLock, BioID, Aware, Princeton Identity,
Iris Recognition Market to See Huge Growth | Iris ID, Safran, Iritech, EyeLock
Advance Market Analytics published a new research publication on "Iris Recognition Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Iris Recognition market was mainly driven by the increasing R&D spending across the world. Some of the major key players
Iris Recognition in Access Control Market to Witness Huge Growth by 2027 | Iris …
With the aid of this comprehensive Iris Recognition in Access Control market research, business operators can save time and enhance their chances of success. Business players are constantly striving to achieve and attain growth and profitability, and this market research aids them in this pursuit by forecasting the market condition and situation for the years 2021-2027. Industry research keeps core players competitive by giving all of the important market expansion
Experts Survey: Iris Biometrics Market Boosting the Growth Worldwide | Thales, I …
Latest released the research study on Iris Biometrics Market, offers a detailed overview of the factors influencing the global business scope. Iris Biometrics Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Iris Biometrics. The study covers emerging player’s data, including: competitive landscape,
Iris Recognition Access Control System Market is Thriving Worldwide 2020-2025 | …
Global Iris Recognition Access Control System Market Report 2020-2025 cover detailed competitive outlook including the Iris Recognition Access Control System Market share and company profiles of the key participants operating in the global market. The Iris Recognition Access Control System Market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. Global Iris Recognition Access Control
Iris Recognition Market Competitive Analysis 2020 | 3M Cogent, Iris Id, Inc., Ir …
Iris recognition is an important method used in identification of people. This technology uses mathematical pattern recognition technique on video images of both the irises, whose complex random pattern are stable, unique and are visible from certain distances. This technology is widely used due to the non invasive and non intrusive nature. Iris recognition thorough its video recognition technology and infrared illumination, acquire images of the intricate and detail rich