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Global Iris Recognition Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies Include 3M Cogent Inc., Safran Group, Cross Match Technologies Inc., Iris ID Inc., Iritech Inc
Iris Recognition Market
Iris Recognition Market Size, Growth Rate, And Forecast
The global iris recognition market size is expected to grow from $3.43 billion in 2022 to $3.97 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global iris recognition market size is expected to grow to $7.14 billion in 2027 at a CAGR of 15.8%.
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Iris Recognition Market Drivers
The increasing frequency of fraudulent activities is expected to propel the growth of the iris recognition market forward. Fraudulent activities refer to an unethical activity that allows the perpetrator to gain money or an advantage. Iris recognition technology is very useful in fighting identity theft and fraud. Increasing fraudulent activities increases the need for high-security systems and it can be accomplished by iris recognition.
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Iris Recognition Market Segments
• By Product: Smartphones, Wearables, Tablets And Notebooks, Personal Computers, Scanners
• By Component: Hardware, Software
• By Application: Identity Management And Access control, Time Monitoring, E-Payment
• By End-User Industry: Consumer Electronics, Healthcare, BFSI (Banking, Financial Services And Insurance), Military And Defense, Government, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Iris Recognition market.
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Iris Recognition Market Key Players
Major competitors in the Iris Recognition market include 3M Cogent Inc., Safran Group, Cross Match Technologies Inc., Iris ID Inc., Iritech Inc., SRI International, EyeLock Inc., Smartmatic SGO Group
The Business Research Company's "Global Iris Recognition Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Iris Recognition Market Include:
1. Executive Summary
2. Iris Recognition Market Characteristics
3. Iris Recognition Market Trends And Strategies
4. Iris Recognition Market - Macro Economic Scenario
5. Iris Recognition Market Size And Growth
………
27. Iris Recognition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Iris Recognition Market
29. Iris Recognition Market Future Outlook and Potential Analysis
30. Appendix
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