Attractive Growth Opportunities in Iris Recognition Market - PowerPoint PPT Presentation

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Attractive Growth Opportunities in Iris Recognition Market

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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% – PowerPoint PPT presentation

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Title: Attractive Growth Opportunities in Iris Recognition Market


1
MarketsandMarkets Presents
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
2
MarketsandMarkets Presents
Scanners to hold the largest iris recognition
market share, by product, in 2019 Scanners will
lead the iris recognition industry, by product,
in terms of size, in 2019. 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. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id141994093
3
MarketsandMarkets Presents
The market for e-payment application to grow at
highest CAGR during the forecast period The iris
recognition market for the e-payment application
is expected to witness the highest growth during
the forecast period. This growth can be
attributed to the growing demand for iris
recognition technology to authenticate users
making e-payments. This will help to curb the
cases of identity fraud and internet fraud and
make e-payments more safe and secure. The
identity management and access control
application is expected to dominate the iris
recognition industry, in terms of size, during
the forecast period.
4
MarketsandMarkets Presents
APAC to hold the largest share of the iris
recognition market in 2019 APAC is expected to
hold the largest share of the global iris
recognition industry in 2019. China and India are
the key countries contributing to the growth of
the market in APAC. The Americas are expected to
account for the second-largest share of the iris
recognition market throughout the forecast
period. The US and Canada are significant
demand-generating countries for iris recognition
devices in this region.
5
MarketsandMarkets Presents
A few key players operating in the iris
recognition market 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).
6
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarkets now
coming up with 1,500 MicroQuadrants (Positioning
top players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve.
7
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. Contact Mr.
Shelly Singh MarketsandMarkets INC.  630 Dundee
Road  Suite 430 Northbrook, IL 60062  USA
1-888-600-6441 
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