The report forecasts the global iris recognition in access control market to grow at a CAGR of 18.09% during the period 2016-2020.
Use of iris recognition biometrics in education sector will be a key trend for market growth. Iris biometrics technology is used in the education sector for a number of applications such as libraries, cashless canteen systems, vending machines, time and attendance systems, and school payments. Teachers can also use it to update the performance of students. With growing instances of security threats, several schools have incorporated iris-based biometrics and access control systems to ensure the safety of students and staff.
According to the report, adoption of cloud-based biometrics will be a key driver for market growth. The cloud-based biometric technology utilizes cloud services through a web-based user interface, which can either be a browser or a mobile application and is available on demand to the end-users. Cloud-based biometric infrastructure includes a server that consists of biometric template database and all other related data that is collected during the individual's identification and verification.
Further, the report states that the high costs of iris biometrics recognition systems are a serious challenge to its adoption in various sectors. Alternative security solutions such as swipe cards, access cards, tokens, and keypads are relatively cheaper than iris biometrics systems and are more popular among SMBs. The adoption of iris recognition systems also involves hidden costs associated with the implementation of middleware, application software, and system integration, which makes them capable of handling large volumes of biometrics data.
- 3M Cogent
- Crossmatch Technologies
- Iris ID
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Key market developments
PART 07: Market landscape
PART 08: Product lifecycle analysis
PART 09: Market segmentation by end-user
PART 10: Geographical segmentation
PART 11: Buying criteria
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Five forces model
PART 18: Vendor analysis
PART 19: Appendix
For more information on this topic, visit the Biometrics section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/7k9nqn/global_iris
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-iris-recognition-in-access-control-market-to-grow-18-by-2020---adoption-of-cloud-based-biometrics-will-drive-growth---research-and-markets-300343445.html
SOURCE Research and Markets