DUBLIN, Mar. 24, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/hdgz7h/global_iris) has announced the addition of the "Global Iris Recognition Market 2015-2019" report to their offering.
The analysts forecast the Global Iris Recognition market to grow at a CAGR of 23.5 percent over the period 2014-2019
This 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.
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.
Increased adoption of biometrics in growing sectors is a major trend in the market. There is high adoption of biometrics in various projects like e-passports, e-visas and driving licenses so that duplication and identity theft can be avoided.
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.
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.
The report consolidates the revenue generated from the following major end-user segments:
- Government
- Transportation
- Healthcare
Key Vendors
- 3M Cogent
- Bioenable Technologies
- Cross Match Technology
- Iris ID Systems
- Safran
Other Prominent Vendors
- 360 Biometrics
- Aware
- Smartmatic
- SRI International
- Texas Instruments
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Description
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Market Attractiveness
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/hdgz7h/global_iris
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
