Iris Recognition Market Analysis By Industry Share, Merger, Acquisition, Size Estimation, New Investment Opportunities, Statistics, Overview, and Forecast till 2027

The increasing number of security breaches and extensive rise in the adoption of iris recognition systems (IRS) in government identity cards, smartphones & IoT devices are the major factors influencing the market growth.

The Global Iris Recognition Market is forecasted to be worth USD 5.88 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include increasing usage of iris recognition system (IRS) in government identity systems and smartphones & other IoT devices owing to its more accurate personal identification, reduced risks of security breaches, and huge overall growth of the IoT device industry.

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The latest research holds great significance as it helps readers gain deeper insights into the competitive landscape of the market and its future scenarios. It is likely to provide the report’s buyers with access to some of the most sought-after analytical tools like PESTLE and SWOT analysis.

Key players in the market BioEnable Technologies Pvt. Ltd., Iris ID Systems Inc., M2SYS Technology, Honeywell International Inc., IRITECH INC., Safran SA, EyeLock LLC, Aware Inc., Thales Group, and IrisGuard UK Ltd., among others.

For the purpose of this report, Emergen Research has segmented into the global Iris Recognition Market on the basis of Product, Industry Vertical, Application, System Type, Component, and Region:

  • Product Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Iris Scanners
    • Smartphone & Tablets
    • Wearable Gadgets
    • Others
  • Industry Vertical Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Consumer Electronics
    • Government & Defense
    • Banking, Financial services, and Insurance (BFSI)
    • IT & Telecommunication
    • Retail and E-commerce
    • Human Resource
    • Healthcare
    • Others
  • Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Identity management and Access Control
    • Time Monitoring
    • E-Payment
  • Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Hardware
    • Software
  • System Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Unimodal Biometric Systems
    • Multimodal Biometric Systems

Regional Analysis:

The authors of the global Iris Recognition market report have taken into consideration the market mechanism of both the developing and developed regions. The regional analysis section of the report provides significant data and information about the different market regions, along with a country-wise analysis of the Iris Recognition industry, intending to enable readers to formulate effective business expansion strategies. Furthermore, the report also assesses the global Iris Recognition market in terms of market reach and consumer base in the key geographical regions of the world.

Major Geographies Analyzed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Iris Recognition Market Segmentation & Impact Analysis
4.1. Iris Recognition Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing incidences of security breaches
4.2.2.2. Extensive proliferation of smartphone industry
4.2.2.3. Huge growth in the IoT devices & implementation of iris recognition system (IRS) in them
4.2.3. Market restraints analysis
4.2.3.1. Rising cases of identity data losses
4.2.3.2. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Iris Recognition Market By Product Insights & Trends, Revenue (USD Billion) (Thousand Units)
5.1. Product Dynamics & Market Share, 2019 & 2027
5.1.1. Iris Scanners
5.1.2. Smartphone & Tablets
5.1.3. Wearable Gadgets
5.1.4. Others

Chapter 6. Iris Recognition Market By Industry Vertical Insights & Trends Revenue (USD Billion) (Thousand Units)
6.1. Industry Vertical Dynamics & Market Share, 2019 & 2027
6.1.1. Consumer Electronics
6.1.2. Government & Defense
6.1.3. Banking, Financial services, and Insurance (BFSI)
6.1.4. IT & Telecommunication
6.1.5. Retail and E-commerce
6.1.6. Human Resource
6.1.7. Healthcare
6.1.8. Others

Chapter 7. Iris Recognition Market By Application Insights & Trends Revenue (USD Billion) (Thousand Units)
7.1. Application Dynamics & Market Share, 2019 & 2027
7.1.1. Identity management and Access Control
7.1.2. Time Monitoring
7.1.3. E-Payment

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