Press release
Iris Recognition Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Iris Recognition Market
Iris Recognition Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the iris recognition market has seen outrageous growth in the recent years. The value is expected to rise to $5.12 billion in 2025, marking an increase from the $4.48 billion in 2024, and an impressive compound annual growth rate (CAGR) of 14.3%. This rise during the historical period can be traced back to escalating security worries, government led biometric ID programs, expansion in the law enforcement and surveillance sectors, increase in its application in the healthcare industry, and the rising demand in the financial services sector.
Iris Recognition Market Size Forecast: What's the Projected Valuation by 2029?
The market size for iris recognition is projected to experience swift expansion in the coming years. It is set to reach $10.22 billion in 2029, growing at a compound annual growth rate (CAGR) of 18.9%. The anticipated growth during this forecast period can be attributed to its wide usage in mobile devices, expanded applications in the development of smart cities, growth in healthcare biometrics, increased incorporation in access control mechanisms, and heightened demand for touchless authentication methods. Key trends during this period include government regulations and initiatives, introduction of wearable technology, emphasis on user convenience and experience, cloud-based iris recognition systems, and industry-wide collaborations.
View the full report here:
https://www.thebusinessresearchcompany.com/report/iris-recognition-global-market-report
What Are the Drivers Transforming the Iris Recognition Market?
The uptick in deceitful activities is anticipated to drive the expansion of the iris recognition market. These activities comprise dishonest tactics that enable the individual to gain financial profit or an advantage. The use of iris recognition technology has proven extremely beneficial in combatting identity theft and fraud. An increased frequency of fraudulent activities necessitates the deployment of robust security systems such as iris recognition. To illustrate this, in September 2022, organizations registered a 157% increase in fraud reports filed with the National Fraud Intelligence Bureau (NFIB) according to the UK-based HM Government. Total reports submitted to the NFIB were around 1 million by the end of September 2022, a significant rise compared to the previous year. Consequently, these escalating fraudulent activities are propelling the growth of the iris recognition market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8988&type=smp
What Long-Term Trends Will Define the Future of the Iris Recognition Market?
The evolution of technology is a trending and popular factor in the iris recognition market. Leading corporations in the iris recognition market are creating technologically advanced products to maintain their competitiveness. For example, Hikvision, a video surveillance equipment producer from China, released MinMoe Iris Recognition Terminal in September 2022. This new product offers enhanced security through its distinct identification pattern and protective measures. The terminal can perform an iris scan in less than a second with a maximum identification distance of 70 cm. The machine implicates the use of color imaging and video anti-counterfeiting technology for improved accuracy and safety assurance.
Which Segments in the Iris Recognition Market Offer the Most Profit Potential?
The iris recognition market covered in this report is segmented -
1) By Product: Smartphones, Wearables, Tablets And Notebooks, Personal Computers, Scanners
2) By Component: Hardware, Software
3) By Application: Identity Management And Access control, Time Monitoring, E-Payment
4) By End-User Industry: Consumer Electronics, Healthcare, BFSI (Banking, Financial Services And Insurance), Military And Defense, Government, Other End-User Industries
Subsegments:
1) By Smartphones: Biometric-Enabled Smartphones, Secure Access And Authentication Phones
2) By Wearables: Smartwatches With Iris Recognition, Augmented Reality (AR) Glasses With Iris Scanning
3) By Tablets And Notebooks: Biometric Authentication Tablets, Laptops With Integrated Iris Scanners
4) By Personal Computers: Desktop Computers With Iris Recognition Modules, All-In-One PCs With Biometric Security
5) By Scanners: Standalone Iris Scanners, Multi-Biometric Scanners, Handheld And Portable Iris Scanners
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8988&type=smp
Which Firms Dominate the Iris Recognition Market by Market Share and Revenue in 2025?
Major companies operating in the iris recognition market include Honeywell International Inc., NEC Corporation Safran Group, Thales Group, Gemalto NV, IDEMIA, HID Global, SRI International, Cross Match Technologies Inc., BioEnable Technologies, Aware Inc., Iris ID Inc., Iris Corporation Berhad, 3M Cogent Inc., Irisity AB, IriTech Inc., CMITech Company Ltd., M2SYS Technology, EyeLock Inc., Princeton Identity, Irisguard Inc., Delta ID, IrisAccess
Which Regions Offer the Highest Growth Potential in the Iris Recognition Market?
North America was the largest region in the iris recognition market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global iris recognition market during the forecast period. The regions covered in the iris recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8988
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Recognition Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth here
News-ID: 4111065 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
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…
