Iris Recognition is fastest growing segment fueling the growth of Iris Recognition Market

 According to the new market research report "Iris Recognition Market by Component (Hardware, and Software), Product (Smartphones, Scanners), Application (Identity Management and Access Control, Time Monitoring, E-payment), Vertical, and Region - Global Forecast to 2024", the global iris recognition market size is expected to grow from USD 2.3 billion in 2019 to USD 4.3 billion by 2024, at a CAGR of 13.2% from 2019 to 2024.

The high adoption of iris scanners from government, banking & finance, military & defense, and travel & immigration verticals, especially for the identity management and access control application, is the primary reason behind the largest share of this segment in the market.

This will help to curb the cases of identity fraud and internet fraud and make e-payments more safe and secure.

A few key players operating in the iris recognition market are Thales Group (France), IDEMIA (France), Iris ID (US), IriTech (US), HID Global (US), Princeton Identity (US), EyeLock (US), Secure Identity (US), Unisys (US), Aware (US), NEC Corporation (Japan), BioEnable Technologies (India), CMITech (South Korea), 4G Identity Solutions (India), and Mantra Softech (India).

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

Global e-passport and e-visa Market Research Report — By Type (Biometrics, RFID), By Application (Leisure Travel, Business Travel, Identification/Proof, Immigration/Border Control) By Hardware Components (Antenna, Processor/Chip) — Forecast till 2023Market HighlightsThe e-passport and e-visa market has been studied by Market Research Future (MRFR) analysts to understand what trends are impacting its outcome and how it is going to fare in the coming years.

The entire process to work things digitally would help the end user in getting approvals for e-visa in a simplified way.At the same time, this will curb hassles during the immigration process.

However, in under-developed countries this idea of e-passport and e-visa is yet to get a proper acknowledgement as they lack infrastructure.Competitive AnalysisThe E-Passport and E-Visa Market includes a study of various companies like 4G identity solutions private limited (U.A.E), Cardlogic limited (Ireland), Eastcompeace (China), Safran identity and security (France), Muehlbauer group (Malaysia), Iris Corporation (Malaysia), Datacard group (U.S), Oberthur Technologies (France), Giesecke & Devrient  limited (Germany), HID Global Corporation(U.S), and Infineon Technologies (Germany), Gemalto NV (the Netherlands), Cardlogix Corporation (U.S), Morpho B.V- Idemia (France), and others.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6110SegmentationThe global study of the e-passport and e-visa market has been reviewed by MRFR analysts on the basis of a segmentation that includes type, application, and hardware components as important measures.By type, the global review of the e-passport and e-visa market has been sub-segmented into biometrics and RFID.

The travelling segment can be assessed on the basis of leisure travel, business travel, and foreign affairs.By hardware components, the understanding of the e-passport and e-visa market includes a study of antenna, processor/chip, and others.Regional AnalysisIn North America, investment in the sector, infrastructure, and easy adoption of advanced technologies will boost the market.

In Europe, the market will find similar tailwinds.Industry NewsIn 2020, the Bangladesh government announced that they are incorporating e-passport as a standard measure.

This comes in line with India’s decision to step forward with e-passports and the two countries have agreed to reduce the problems associated with document processing.

This report studies the Iris Recognition Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.

Find the complete Iris Recognition Market analysis segmented by companies, region, type and applications in the report.The report offers valuable insight into the Iris Recognition market progress and approaches related to the Iris Recognition market with an analysis of each region.

The report goes on to talk about the dominant aspects of the market and examine each segment.Top Key Players: Thales Group,Idemia,HID Global,Iris ID,Iritech,Irisguard,Eyelock,NEC Corporation,Princeton Identity,Cmitech Get a Free Sample:  https://www.datalibraryresearch.com/sample-request/iris-recognition-market-1936?utm_source=free_medium=60The global Iris Recognition market segmented by company, region (country), by Type, and by Application.

Players, stakeholders, and other participants in the global Iris Recognition market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2021-2027.The report titled, “Iris Recognition Market” boons an in-depth synopsis of the competitive landscape of the market globally, thus helping establishments understand the primary threats and prospects that vendors in the market are dealt with.

It also incorporates thorough business profiles of some of the prime vendors in the market.Market Segment by Regions, regional analysis covers                North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, Colombia etc.

The latest research report by Emergen Research, named ‘Global Iris Recognition Market - Forecast to 2027’, entails a comprehensive review of the global Iris Recognition market’s present and future trends.

The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.The Global Iris Recognition Market is forecasted to be worth USD 5.88 billion by 2027, according to a current analysis by Emergen Research.

The key factors influencing the market include increasing usage of iris recognition system (IRS) in government identity systems and smartphones & other IoT devices owing to its more accurate personal identification, reduced risks of security breaches, and huge overall growth of the IoT device industry.Request a PDF sample copy of the report @https://www.emergenresearch.com/request-sample/185 COVID-19 Impact Analysis:This report is the latest document encompassing the massive changes that took place in the Iris Recognition market following the emergence of the COVID-19 pandemic.

The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Iris Recognition market.

The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.

Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments.Further key findings from the report suggestIn June 2020, EyeLock LLC, a leading manufacturer of the iris recognition-based identity authentication solutions, revealed a global strategic partnership with CMITech Company, Ltd. of South Korea.

https://www.youtube.com - Biometric Fingerprint GPS Attendance Tracking Software These Contact-less and hygienic Iris biometric time clocks are one of the most effective solutions for time and attendance, built to withstand high traffic.

Our Iris recognition time clock solutions can be used in any environment, where other biometric technologies usually fail.

At the core of any time & attendance system is the ability to accurately collect employee time and we give just that.

Our time clocks are equipped with real time communication technology which provides you with up to the minute information.

https://mobileattendance.com.sg/wide-selection-of-time-clock-options/

Iris Recognition Market Research Report- Forecast till 2027OverviewThe global iris recognition market is growing at a rapid pace.

With next-generation biometrics, organizations are gaining the capability to capitalize upon existing surveillance infrastructures, access control, and time & attendance applications.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2430Iris recognition is hailed as a safer and more convenient security technology.

Increasing uptake of iris recognition technology in passport verification, border security control and crime-fraud prevention & detection is a major tailwind for the market rise.Additionally, the proliferation of next-generation biometrics and smart mobile devices, alongside the rising uses of this biometric technique in government and travel & immigration industries, boosts the market size.

On the other hand, technical limitations and cyber & trojan horse attacks, such as spoofing & tampering, false acceptance rate (FAR), and false recognition rate (FRR), pose challenges to market growth.

Also, the prohibitive cost of deployment and risk involved in privacy intrusion are major growth impeding factors for the market.

Nevertheless, the continual success of this advanced biometric in criminal investigations would support the market growth throughout the assessment period.Major players:Players leading the iris recognition market include Safran S.A., 3M Cogent Inc., Cross Match Technologies Inc., IriTech, Inc., Iris ID, Inc., Eye Lock, Irisys Co., Ltd., CMITech Company, Ltd., Princeton identity, and IBM Corporation.Global Iris Recognition Market – Competitive AnalysisHighly competitive, the iris recognition market appears to be fragmented due to numerous well-established players.