Lewes, DE -- (SBWIRE) -- 02/11/2016 -- Report forecast the global iris recognition market to grow at a CAGR of 21.45% during the period 2016 - 2020.

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. 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.

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

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.

According to the report, one of the primary drivers of the market is the integration of iris scanners in smartphones. A number of smartphone vendors such as Samsung and LG are planning to integrate iris scanners in their smartphones to enhance the security features of the devices.

Further, the report states that the high cost of iris recognition systems is a challenge to the market growth.

Key players in the Global Iris Recognition Market: 3M Cogent, BioEnable, Crossmatch Technologies, Iris ID and IRITECH.

Other Prominent Vendors in the market are: 4G Identity Solutions, Aditech, BI Technologies, Biomatiques Identification Solution, Easy Clocking, EyeLock, IrisGuard, M2SYS Technology, Smart Sensors, and SRI International.

Market driver
- Introduction of iris scanners in smartphones
- For a full, detailed list, view our report

Market challenge
- High costs
- For a full, detailed list, view our report

Market trend
- Introduction of iris recognition in multimodal biometrics
- For a full, detailed list, view our report

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?

Spanning over 47 pages "Global Iris Recognition Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market description, Key market developments, Market landscape, Market segmentation by end user, Geographical segmentation, Market challenges, Market trends, Five forces model, Vendor analysis, Appendix.

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