Zion Market Research

Iris Biometric Market Share to Record Steady Growth by 2024

Iris Biometric Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021


Sarasota, FL -- (SBWIRE) -- 12/12/2017 -- Iris biometric is an automated method used for the identification that uses mathematical pattern-recognition techniques on video images of one or both of the irises of an individual's eye, whose complex random patterns are unique, stable, and can be noticed from a certain distance. Iris recognition systems capture images of an iris while it is been illuminated by the light in the near-infrared wavelength band (700 to 900 nm) of the electromagnetic spectrum. In the iris biometric system, a template that is created by imaging an iris is compared with the stored template in the database for the purpose of identification or verification. Different methods used for comparison process are one-to-one template matching and one-to-many template matching.

Request For Free Sample Report: https://www.zionmarketresearch.com/sample/iris-biometric-market

Newer technology advancements and growing use in surveillance, access, and identity applications is the major factor driving the growth of the global iris biometric market. Constant use of this technology in national ID programs, healthcare, banking and financial services, and system and network access control is also anticipated to impact the growth of the market in a positive way in the near future. In addition, smartphone manufacturers are showing great interest in using iris biometric technique for the improvement of safety standards. In addition, national security agencies are also using the iris scanning technology for the purpose of verifying the identity of the immigrating people from other countries. On the other hand, lack of appropriate standards and high costs may hamper the growth of the global iris biometric market in future.

Request Report TOC (Table of Contents) @ https://www.zionmarketresearch.com/toc/iris-biometric-market

(Purchase Single User License at $3599)

On the basis of components, the global iris biometric market is segmented as hardware components and software components. Based on the product, the global market is further segmented as smartphones, tablets and notebooks, smart watches, PCs and laptops, scanners, and others. On the basis of application, the global iris recognition market is segmented as access control and time monitoring. Further based on the end-user industry, the global market is segmented as government, military and defense, banking and finance, healthcare, consumer electronics, automotive, and travel and immigration. Out of these, the government segment accounted for the largest share of the market.

Europe dominates the global iris biometric market followed by North America owing to its high demand in the region. Asia Pacific is anticipated to witness the fastest growth followed by the Middle East. Owing to the services such as access control, national identity, time and attendance monitor, and public safety provided by this technique, the iris biometric market is expected to experience high growth in the future.

Browse the full report at: https://www.zionmarketresearch.com/report/iris-biometric-market

Major players dominating the global iris biometric market are Smartmatic, MorphoTrak, Smart Sensors Ltd., Anviz Global, SRI International, and Iris ID Inc. Other players influencing the global market are BioEnable Technologies Pvt. Ltd., Aditech Ltd., IrisGuard Inc., Human Reco Systems, AOptix Technologies Inc., and EyeLock Corp.

Iris Biometric Market: Regional Segment Analysis

North America
Asia Pacific
Latin America
Middle East and Africa

About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.