Press release
Iris Recognition Market 2020 COVID-19 Impact Analysis, Global Trends, Size, Share, Demand and Forecast to 2022
Iris Recognition Market
Global Iris Recognition Market is estimated to reach USD 1.8 billion by 2022 from USD 525 million in 2016 growing with 22% CAGR during forecast period 2016-2022. Geographically, North America is the leading region among Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption and increasing criminal activities in the region is expected to drive the growth of Iris recognition market in the region.
The global market of iris recognition is growing rapidly. In the growing digital technology market, consumers are doing shopping from online retail websites and via mobile apps. Retailers across the industry are investing in e-commerce and Omni-channel retailing in order to improve the customer experience as well as to become competitive in the market.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2430
Major retail chains such as Wal-Mart, Target, and Costco are deploying several strategies on this front and trying hard to integrate their vast store network with online channel and attracting buyers to do online shopping which thereby boosting the company sales. These growing shifts of consumers towards Omni channel is supporting retailers in preserving their brand value. However, the presence of big e-commerce giants namely Amazon, and Flipkart are a big threat for retail cloud market as they consist of large customer base globally. To subdue this threat, the retail industry is gradually shifting towards Omni channel retailing and trying to integrate the multiple online channels which thereby increasing tendency to spend more than the regular shopping.
Iris Recognition Market Segmentation
The Global Iris recognition market has been segmented into products, component, application and End-user. By products the market is classified into PC & laptop, smartwatch, and smartphones. By component, the market is classified into hardware and software. Iris recognition is being used for two applications majorly namely access control and time control and serving various industrial verticals namely government, BFSI, consumer electronics, healthcare and others.
Key Players
The prominent players in the Iris Recognition market are- 3M Cogent Inc., Safran S.A., Cross Match Technologies Inc., Iris ID, Inc., IriTech, Inc., Eye Lock, CMITech Company, Ltd., Irisys Co., Ltd., Princeton identity and IBM Corporation among others.
Market Research Analysis:
Regional analysis for iris recognition market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Middle East & Africa. It is estimated that North America would grow with 23% CAGR during forecast period 2016-2022 followed by Europe which is projected to grow with 21% CAGR. Asia-Pacific has emerged as the fastest growing market with 25% CAGR by the end of 2022. Early adoption of iris biometric system by government of U.S. and Canada for safety on public transport is the major reason behind dominance of North America in iris recognition market. Whereas, due to increasing government initiatives in India and China is fuelling the market growth of Iris recognition in Asia-Pacific region during forecast period 2016-2022.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/iris-recognition-market-2430
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Iris Recognition Market 2020 COVID-19 Impact Analysis, Global Trends, Size, Share, Demand and Forecast to 2022 here
News-ID: 2218385 • Views: …
More Releases from Market Research Future
Metal Recycling Market Size, Trends, Segments, Share and Companies 2025-2035
The global metal recycling market is on a robust growth trajectory, driven by increasing urbanization, industrialization, and a heightened awareness of environmental sustainability. As of 2024, the market is valued at approximately $58.8 billion and is projected to reach $138.8 billion by 2035, with a compound annual growth rate (CAGR) of 8.12% from 2025 to 2035. This article delves into the key trends, drivers, and future prospects of the metal…
Vinyl Flooring Market Projected to Grow at a CAGR of 7.6% from 2025 to 2035
The vinyl flooring market is experiencing significant growth, driven by evolving consumer preferences, technological advancements, and a strong focus on sustainability. As of 2024, the market is valued at approximately $42809.95 Million and is projected to reach $95825.2 Million by 2035, with a compound annual growth rate (CAGR) of 7.6% during the forecast period from 2025 to 2035. This article explores the key trends, drivers, and future outlook of the…
Battery Market to Hit USD 661 Billion by 2035 | Strong CAGR of 15.20%
The global battery market has entered a dynamic phase of accelerated growth, fueled by the world's transition toward sustainable energy, electrified mobility, and advanced electronic devices. As industries push for higher efficiency, reduced emissions, and improved energy storage solutions, batteries have become a central component of modern innovation. From powering smartphones to enabling grid-scale renewable energy storage, the demand for advanced battery systems continues to expand across multiple sectors. The…
Water Desalination Market Forecast to Reach USD 51.19 Billion by 2035 at an 8.93 …
The global water desalination market has become increasingly essential as freshwater scarcity intensifies across regions. Rising global temperatures, expanding populations, and the depletion of natural water resources are placing immense pressure on traditional water supply systems. As a result, desalination technology-once considered costly and limited-is now a critical component of long-term water security strategies worldwide. Through continuous innovation, growing government support, and expanding industrial applications, desalination has evolved into a…
More Releases for Iris
Iris Recognition Market to Witness Massive Growth | Major Giants Iris ID, IDEMIA …
HTF MI recently introduced Global Iris Recognition Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Thales, Iris ID, IDEMIA, NEC, HID Global, IriTech, EyeLock, BioID, Aware, Princeton Identity,…
Iris Recognition Market to See Huge Growth | Iris ID, Safran, Iritech, EyeLock
Advance Market Analytics published a new research publication on "Iris Recognition Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Iris Recognition market was mainly driven by the increasing R&D spending across the world. Some of the major key players…
Iris Recognition in Access Control Market to Witness Huge Growth by 2027 | Iris …
With the aid of this comprehensive Iris Recognition in Access Control market research, business operators can save time and enhance their chances of success. Business players are constantly striving to achieve and attain growth and profitability, and this market research aids them in this pursuit by forecasting the market condition and situation for the years 2021-2027. Industry research keeps core players competitive by giving all of the important market expansion…
Experts Survey: Iris Biometrics Market Boosting the Growth Worldwide | Thales, I …
Latest released the research study on Iris Biometrics Market, offers a detailed overview of the factors influencing the global business scope. Iris Biometrics Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Iris Biometrics. The study covers emerging player’s data, including: competitive landscape,…
Iris Recognition Access Control System Market is Thriving Worldwide 2020-2025 | …
Global Iris Recognition Access Control System Market Report 2020-2025 cover detailed competitive outlook including the Iris Recognition Access Control System Market share and company profiles of the key participants operating in the global market. The Iris Recognition Access Control System Market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin.
Global Iris Recognition Access Control…
Iris Recognition Market Competitive Analysis 2020 | 3M Cogent, Iris Id, Inc., Ir …
Iris recognition is an important method used in identification of people. This technology uses mathematical pattern recognition technique on video images of both the irises, whose complex random pattern are stable, unique and are visible from certain distances. This technology is widely used due to the non invasive and non intrusive nature. Iris recognition thorough its video recognition technology and infrared illumination, acquire images of the intricate and detail rich…
