Global Iris Recognition Market Growth at 21.45% (2016-2020) - Key Vendors are 3M Cogent, BioEnable, Crossmatch Technologies, Iris ID & IRITECH

Feb 12, 2016, 17:10 ET from Research and Markets

DUBLIN, Feb. 12, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Iris Recognition Market 2016-2020" report to their offering.

The global iris recognition market is expected to grow at a CAGR of 21.45% during the period 2016-2020.

Iris recognition combined with facial and fingerprint identification is more widely accepted for border control. Some multimodal biometrics are available with both fingerprint and iris recognition technology in a single device, which allows the user to avoid purchasing two individual biometrics devices.

According to the report, one of the primary drivers of the market is the integration of iris scanners in smartphones. A number of smartphone vendors such as Samsung and LG are planning to integrate iris scanners in their smartphones to enhance the security features of the devices.

Further, the report states that the high cost of iris recognition systems is a challenge to the market growth.

Key questions answered in this report:

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Key vendors:

  • 3M Cogent
  • BioEnable
  • Crossmatch Technologies
  • Iris ID

Other prominent vendors:

  • 4G Identity Solutions
  • Aditech
  • BI² Technologies
  • Biomatiques Identification Solution
  • Easy Clocking
  • EyeLock
  • IrisGuard
  • M2SYS Technology
  • Smart Sensors
  • SRI International

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: Market segmentation by end user

PART 09: Geographical segmentation

PART 10: Market challenges

PART 11: Market trends

PART 12: Five forces model

PART 13: Vendor analysis

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SOURCE Research and Markets