Iris Recognition Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Iris Recognition market is accounted for $1,972.68 million in 2017 and is expected to reach $11,335.84 million by 2026 growing at a CAGR of 21.4% during the forecast period.

Government and corporate activities to receive the iris acknowledgment framework in different fields and enlargement of e-passport program are some factors impacting the market growth. However, high cost of systems and availability of inexpensive alternatives are restraining the market growth.

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Iris recognition is an imperative technique utilized in recognizable proof of individuals. This innovation utilizes scientific example acknowledgment method on video pictures of both the irises, whose perplexing arbitrary example are steady, interesting and are unmistakable from specific separations. This innovation is generally utilized because of the non obtrusive and non-nosy nature. Iris acknowledgment exhaustive its video recognition innovation and infrared light, obtain pictures of the many-sided and detail-rich structures of the iris that is remotely obvious. In addition, it is currently been utilized in various nations for various purposes like identification free computerized fringe intersections and some more.

By End-User, healthcare segment accounted for the significant market share in the global market due to expanding interest for exact patient recognizable proof and the need to decrease human services extortion are the critical variables driving the reception of the iris recognition innovation in the market.

By geography, North America acquired the largest market share in the global market owing it has solid budgetary position empowers it to put intensely in cutting edge arrangements and innovations. These favorable circumstances have furnished the associations in the area with an aggressive edge in the market.

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Some of the key players in the global Iris Recognition market include 3M Cogent Inc., Eyelock, Irisguard Inc., Honeywell International Inc., Delta ID Inc., Safran SA, Fulcrum Biometrics, LLC, Gemalto N.V., Princeton Identity Inc., Biomatiques Identification Solution Pvt. Ltd., M2SYS LLC, Iris ID, Inc., SRI International, Inc., Iritech, Inc. and Cross Match Technologies Inc.

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Components Covered:
Software
Hardware
Service

Products Covered:
Introduction
Scanners
Tablets and Notebooks
PC/Laptop
Smartwatches
Smartphones
Other Products

Applications Covered:
Access control
Time Monitor
Consumer Device Authentication
Border Control (Entry/Exit)
Pharmacy Dispensing
Cashpoint/Automated Teller Machine Access
Other Applications

End Users Covered:
Travel and Immigration
Healthcare
Government
Consumer Electronics
Banking, Financial Services and Insurance
Military and Defense
Automotive
Other End Users

Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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