Lewes, DE -- (SBWire) -- 03/11/2015 --Report forecast the Global Iris Recognition market to grow at a CAGR of 23.5 percent over the period 2014-2019.
Iris recognition is one of the most advanced biometrics technologies that is used for the identification of a person. It uses mathematical analysis of a unique pattern of the iris and offers a high level of accuracy. In the process of iris recognition, a video-based image acquisition system captures the biometric features of the iris with the help of infrared illumination. Iris recognition systems are widely adopted because it is non-intrusive, non-invasive, and can be executed from a distance of nearly half a meter.
This report covers the present scenario and the growth prospects of the Global Iris Recognition market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from sales of iris recognition systems.
The report consolidates the revenue generated from the following major end-user segments:
- Government
- Transportation
- Healthcare
According to the lead analyst of this report, increased adoption of biometrics in growing sectors is a major trend in the market. There is high adoption of biometrics in various projects like e-passports, e-visas and driving licenses so that duplication and identity theft can be avoided.
According to the report, the growing need for advanced security is a major driver in the Global Iris Recognition Market. With the increase in data theft and misuse of information in sectors like Government and BFSI, there is a greater need for higher levels of security.
Further, the report states that the availability of inexpensive alternatives is expected to pose a threat to the market in the coming years. Substitutes like token-based authentication and smart cards are readily available in the market, which are comparatively cheaper than iris recognition systems.
Global Iris Recognition Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, Latin America, and the MEA region; it also covers the Global Iris Recognition market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
This report covers the following companies as the key players in the Global Iris Recognition Market: 3M Cogent Inc., BioEnable Technologies Pvt. Ltd., Cross Match Technologies Inc., Iris ID Systems Inc. and Safran SA.
Other Prominent Vendors in the market are: 360 Biometrics, Aware, Smartmatic, SRI International and Texas Instruments.
Key Regions
- APAC
- Europe
- Latin America
- MEA
- North America
Market Driver
- Need for Advanced Security
- For a full, detailed list, view our report
Market Challenge
- Availability of Inexpensive Alternatives
- For a full, detailed list, view our report
Market Trend
- High Adoption of Biometric Systems in Growing Sectors
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2018 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?
Spanning over 81 pages, "Global Iris Recognition Market 2015 - 2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Description, Market Landscape, Market Segmentation by End-users, Geographical Segmentation, Market Attractiveness, uying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-iris-recognition-market-2015-2019
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