Global Iris Recognition marketPosted by pallavi on December 30th, 2020 Global Iris Recognition Market size was valued at US$ 867.22 Mn in 2019 and is expected to reach US$ 4867.4 Mn by 2027 to exhibit a CAGR of 24.04 % during the forecast period. Iris recognition is an automatic technique of biometric identification that uses mathematical pattern recognition techniques on video images of one or both of the irises of an individual's eyes, whose composite patterns are unique, constant, and can be seen from a certain distance. Iris recognition is a basic allowing technology in the biometrics market used for many security and surveillance sectors such as government sector, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, and automotive among others The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. The major driving factors of the global Iris Recognition market are growing government and corporate initiatives to accept the iris recognition system in many fields, increasing evolution of e-passport program and raising integration of iris recognition in consumer electronics products. The main restraints of the global iris recognition market are expensive iris recognition systems, very small target to scan perfectly, fear of privacy interference and inconvenience and the high cost of systems and availability of economical alternatives. The major opportunity of global iris recognition market is the growth of iris recognition systems in the current application areas like banking, finance, consumer electronics, travel, and immigration and many others. Separately from this application of these systems in automated teller machines, mobile devices, and pharmacy providing is also creating plentiful chances in the global market after the forecast period. North America is projected to account for the largest share among regions, during the forecast period because strong financial position allows it to invest heavily in advanced solutions and technologies. These advantages have given the organizations in the region with a competitive edge in the market. Also, the region has the existence of some major product lifecycle organization software retailers such as 3M Cogent Inc., Cross Match Technologies Inc., Honeywell International Inc., SRI International Inc., Eyelock Inc., and hence, there is a strong race among the players. For More Information Visit : https://www.maximizemarketresearch.com/market-report/global-iris-recognition-market/24331/
Global Iris Recognition market, by Component • Hardware • Smartphones • Access Control • Consumer Electronics • North America • 3M Cogent Inc. This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address : Pune, Maharashtra 411051, India. Contact: +919607195908 Like it? Share it! More by this author |