During The Period 2016-2020, Global Iris Recognition Market Will Grow At A CAGR Of 21.45%
About Iris Recognition
Iris recognition is one of the most secure, and accurate biometrics modality that is used for security and surveillance purposes in sectors such as government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive.
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This biometrics technology came into existence in 1994 and many countries across the globe have deployed this technology for cross-border control and national ID initiatives.
Technavios analysts forecast the global iris recognition market to grow at a CAGR of 21.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global iris recognition market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of iris recognition biometrics which includes hardware, software and integrated solutions and services.
The market is divided into the following segments based on end-user:
Government
Transportation
Healthcare
Technavio's report, Global Iris Recognition Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
3M Cogent
BioEnable
Crossmatch Technologies
Iris ID
IRITECH
Other prominent vendors
4G Identity Solutions
Aditech
BI Technologies
Biomatiques Identification Solution
Easy Clocking
EyeLock
IrisGuard
M2SYS Technology
Smart Sensors
SRI International
Market driver
Introduction of iris scanners in smartphones
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Market challenge
High costs
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Market trend
Introduction of iris recognition in multimodal biometrics
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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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