Press release
Iris Recognition Market to Grow at 19.8% during 2023-2028
Iris Recognition Market
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Global Iris Recognition Market Trends:
In recent years, there has been a rise in the number of crimes and the threat of terrorist attacks across the globe. These incidences have prompted government facilities to install high-tech biometric systems to improve security conditions and prevent fraudulent activities, which is one of the primary factors driving the growth of the market. Numerous key manufacturers are developing iris recognition technology so that it can be integrated with various devices such as smartphones, banking systems, ATMs, etc. These innovations are encouraging investors to conduct large-scale R&D for applying these designs in real-life applications. Healthcare providers are also making efforts to use iris recognition for addressing patient identity challenges. This, in turn, will continue to fuel the iris recognition market over the forecasted period.
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Competitive Landscape with Key Players:
The competitive landscape of the market has been analyzed in the report with detailed profiles of the key players operating in the market.
• BioEnable Technologies Pvt. Ltd.
• Iris ID Systems, Inc.
• IrisGuard
• M2SYS Technology
• Gemalto N.V.
• IRITECH, INC.
• SRI International
• HID Global Corporation
• EyeLock LLC
Breakup by Component:
• Hardware
• Software
Breakup by Product Integration:
• Smartphones
• Tablets
• Notebooks
• Scanners
• PCs/laptops
• Smartwatches
• Others
Breakup by End-User:
• Government
• Transportation
• Healthcare
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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