Global Iris Recognition Market 2019 - Biometric Systems Adoption is Latest Market Trend

DALLAS, March 9, 2015 /PRNewswire/ --

ReportsnReports.com adds Global Iris Recognition Market 2015-2019 industry research report that profiles key players like 3M Cogent Inc., BioEnable Technologies Pvt. Ltd., Cross Match Technologies Inc., Iris ID Systems Inc. and Safran SA.

According to Global IRIS Recognition Market 2015-2019 market research report, the market is witnessing an encouraging trend in the adoption of biometric technologies in many growing sectors. Projects such as e-passports, e-visas, and driving licenses are increasingly deploying IRIS technology in order to tackle identity theft. Moreover, concerns over terrorism have resulted in a global focus on internal security. Hence, efforts to bolster security through advanced biometrics is finding increasing relevance at airports, for issuance of passports, in laboratories, and in the Defense sector. The overall Iris Recognition market is expected to grow at a CAGR of 23.5% during the forecast period of 2014-2019.

Iris recognition is one of the most advanced biometrics technologies that is used for the identification of a person. It uses mathematical analysis of a unique pattern of the iris and offers a high level of accuracy. In the process of iris recognition, a video-based image acquisition system captures the biometric features of the iris with the help of infrared illumination. Iris recognition systems are widely adopted because it is non-intrusive, non-invasive, and can be executed from a distance of nearly half a meter.

A growing shift towards more user-friendly interfaces and increased awareness about the benefits of iris recognition is expected to lead to an upsurge in demand for this technology during the forecast period.

According to the report, the growing need for advanced security is a major driver in the Global Iris Recognition Market. With the increase in data theft and misuse of information in sectors like Government and BFSI, there is a greater need for higher levels of security.

IRIS technology is helping achieve a much higher level of security than otherwise available by authentication through passwords, PIN codes, and IDs with photographs.

The increase in partnerships with suppliers and value-added resellers is expected to lead to major improvements in existing biometric systems. This will further advance IRIS technology with better accuracy and higher integration ability across sectors.

The report covers the present scenario and the growth prospects of the Global Iris Recognition market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from sales of iris recognition systems.

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The report consolidates the revenue generated from the following major end-user segments:

• Government
• Transportation
• Healthcare

Global Iris Recognition Market 2015-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, Latin America, and the MEA region; it also covers the Global Iris Recognition market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

The report recognizes the following companies as the key players in the Global Iris Recognition Market: 3M Cogent Inc., BioEnable Technologies Pvt. Ltd., Cross Match Technologies Inc., Iris ID Systems Inc. and Safran SA.

Other Prominent Vendors in the market are: 360 Biometrics, Aware, Smartmatic, SRI International and Texas Instruments.

Further, the report states that the availability of inexpensive alternatives is expected to pose a threat to the market in the coming years. Substitutes like token-based authentication and smart cards are readily available in the market, which are comparatively cheaper than iris recognition systems.

Other Related Reports by Infiniti Research Limited:

Global 2D Gesture Recognition Market 2015-2019 (http://www.reportsnreports.com/reports/344254-global-2d-gesture-recognition-market-2015-2019.html): Analysts forecast the Global 2D Gesture Recognition market to grow at a CAGR of 32.12% over the period 2014-2019.

The Global 2D Gesture Recognition market is segmented on the basis of the following:

• End-users: Automotive, Consumer Electronics, and Transit
• Geography: Americas, EMEA, and APAC

Key Vendors: Cognitec Systems CogniVue, eyeSight Mobile Technologies, PointGrab

Other Prominent Vendors: AMD, Apple, Cross Match Technologies, Elliptic Labs, Gesture Technologies, Irisguard, Intel, Microchip Technology, Pebbles, Pyreos, Qualcomm and Thalmic Labs.

Global E-passport and E-visa Market 2015-2019 (http://www.reportsnreports.com/reports/321854-global-e-passport-and-e-visa-market-2015-2019.html):

Analysts forecast the Global E-passport and E-visa market to grow at a CAGR of 30.17% over the period 2014-2019.

The report covers the present scenario and the growth prospects of the Global E-passport and E-visa market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the hardware, software, and services used for the e-passport and e-visa. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global E-passport and E-visa market. It also presents the revenue forecast of different geographic regions. In addition, the report discusses the major drivers that influence the growth of the Global E-passport and E-visa market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Key Vendors: Gemalto, Giesecke and Devrient, Morpho and Obberthur Technologies

Other Prominent Vendors: 4G Identity Solutions, ASK, CardLogic, DataCard, Eastcompeace, HID, Infineon Technologies, IRIS and Mühlbauer Group

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