Iris Recognition Market Growing at Rapid Pace of 23.4% CAGR to 2020, Globally

PUNE, India, September 30, 2015 /PRNewswire/ --

The growth of iris recognition market is propelled by applications in government, military & defense, banking & finance, consumer electronics, travel & immigration and so on, driven by the need of advanced security in each sector.

Complete report on iris recognition market spread across 147 pages, profiling 10 major companies and supported with 65 tables and 66 figures is now available at http://www.reportsnreports.com/reports/426431-iris-recognition-market-by-component-hardware-software-product-scanner-others-application-access-control-others-industry-travel-immigration-military-defense-others-geography-global-forecast-to-2020.html .

A huge demand from various government organizations and travel and immigration departments is a major factor which is driving the iris recognition market growth. The market is further driven by the implementation of e-passport programs, national ID proofs, and so on. It provides one of the most secured methods of authentication and identification because of the unique characteristics of an iris. In 2014, the Americas accounted for the largest share of the iris recognition market, followed by Europe and APAC.

The integration of cloud computing technology to ensure high-level security is creating opportunities for iris recognition market. The report views the latest market trends with insights regarding future growth prospects. An in-depth analysis on a geographic basis provides strategic business intelligence for investments in the market. The study reveals profitable investment strategies for product manufacturers, electronics companies, business executives, product marketing managers, new business investors, and others.

Companies profiled in this 2015-2020 iris recognition market research include 3M Cogent, Iris Id, Inc., Iritech, Inc., Bioenable Technologies, Sri International, Safran, Smartmatic, Irisguard Inc., Crossmatch Technologies and Eyelock.  Order a copy of Iris Recognition Market by Component (Hardware & Software), Product (Scanner & Others), Application (Access Control & Others), Industry (Travel & Immigration, Military & Defense, & Others) & Geography Global - Forecast to 2020 research report at http://www.reportsnreports.com/Purchase.aspx?name=426431 .

In this report, the  market is segmented on the basis of component- hardware and software, product- smartphone, smartwatch, tablet & notebook, PC/laptop, and scanner, application- access control and time monitor, industry-government, military & defense, healthcare, banking & finance, consumer electronics, travel & immigration, and automotive. The competitive landscape section of the report primarily focuses on key players in the iris recognition market, their latest developments, and respective market ranking. In addition to this, the report entails emerging market trends, advancements in the technological space, market demand of segments, key growth areas, market size projections, region-wise demand factors, and key competitors' analysis. The geographic segmentation of the report covers four major regions of the world, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW).

Another research on the same topic titled Global Iris Recognition Market 2015-2019 consolidates revenue generated from major end-user segments of Government, Transportation and Healthcare. This research 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. 3M Cogent, Bioenable Technologies, Cross Match Technology, Iris ID Systems, Safran, 360 Biometrics, Aware, Smartmatic, SRI International and Texas Instruments are companies mentioned in this 81 pages research available at http://www.reportsnreports.com/reports/344948-global-iris-recognition-market-2015-2019.html .

For the stakeholders and decision makers in biometric industry, ReportsnReports.com has other relevant research titles published in 2015 that might be of interest:

Biometric System Market by Application (Government, Military & Defense, Healthcare, Banking & Finance, Consumer Electronics, Travel & Immigration, and Security), Technology (Face Recognition, Fingerprint Recognition, Iris Recognition, Palm Recognition, Voice Recognition, Signature Recognition, Vein Recognition, and Others), Function (Contact and Non-Contact) & Geography (North America, Europe, APAC, Row) - Global Forecast to 2020: The report talks about the next generation biometrics market size and forecasts from 2014 to 2020 including the historical years. According to this report, the next generation biometrics market is expected to reach $24.4billion in 2020, at a CAGR of 17.9% between 2015 and 2020. Many countries have adopted biometrics for e-passports, e-visas, and driving licenses. The next generation biometrics market in travel & immigration is most dominant. The government application is followed by the travel & immigration application which accounted for the largest share in 2014as biometrics has been adopted in national IDs and law enforcement applications such as cross-border control, security surveillance, crime, and forensic investigation. The players involved in the next generation biometrics market include Safran SA (France), NEC Corporation (Japan), 3M Cogent Inc. (U.S.), Fujitsu Ltd. (Japan), Suprema Inc. (U.S.), Cross Match technologies (U.S.), Fulcrum Biometrics (U.S), Thales SA (France), Bio-Key International Inc. (U.S), Precise Biometrics AB (Sweden), and Secunet Security Networks AF (Germany). Read more at http://www.reportsnreports.com/reports/166989-next-generation-biometric-technologies-market-global-forecast-analysis-2012-2017.html .

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