Iris Recognition Biometrics Market Overview
Iris Recognition Biometrics Software is one of the most secure means of authentication and identification because of the unique properties of the iris. This technology substitutes current password, token card, or PIN authentication methods, and when combined with something the user knows in a two-factor authentication system, the authentication becomes even more secure. The global Iris Recognition Biometrics market is expected to rise at a significant rate in the coming years.
Iris recognition systems are being enrolled by the government of many nations for a variety of purposes, including passport-free automated border crossings and national ID programs. For example, the Indian government employs iris-based Recognition Biometrics in conjunction with national ID cards to identify persons for social services, passports, voter registration, and a variety of other purposes. Therefore, an increase in the adoption of iris biometric solutions among government agencies is anticipated to enlarge the growth of the global Iris Recognition Biometrics market over the coming years. Furthermore, constant innovations in iris Recognition Biometrics and the growing penetration of this technology in consumer electronics will boost the growth of the Iris Recognition Biometrics market in the forecast period.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Application, End-use Industry, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Thales Group, DERMALOG Identification Systems GmbH, M2SYS Technology, HID Global, IRIS S.A., Iris ID, Inc., IDEMIA, TECH5, BioEnable Technologies Pvt Ltd., NEC Corporation, EyeLock LLC, IrisGuard Ltd, Princeton Identity. |
Covid-19 Impact on Iris Recognition Biometrics Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Iris Recognition Biometrics Market Segment Overview
Based on Component, the Iris Recognition Software is one of the major segments in the global Iris Recognition Biometrics market. Iris Recognition software offers the quality and accuracy it needs to capture and manage large numbers of iris images. The acquired data can be used for both registration and verification purposes. It provides a complete set of iris recognition-related functions (enroll, verify and identify).
Iris Recognition Biometrics Market, By Component
- Iris Scanners
- Iris Recognition Software
- Services
- Integration & Deployment
- Recognition Biometrics Consulting
- Support & Maintenance
Iris Recognition Biometrics Market, By Application
· Access Control
· Identity Verification
· Payments
Iris Recognition Biometrics Market, By End-use Industry
· Military
· Government & Law Enforcement
· Banking & Financial Services
· Healthcare
· Consumer Electronics
· Others
Iris Recognition Biometrics Regional Overview
In terms of region, North America holds the largest share in the global Iris Recognition Biometrics market. This is due to the presence of several key players in the region. Similarly, the market in the Asia Pacific is expected to grow at a considerable rate in the coming years. This is because of the increasing adoption of iris biometric tools among governments and law enforcement agencies. Furthermore, rising security concerns, as well as the demand for iris recognition technology in E-Passport and national ID programs, are expected to propel the growth of the market in these regions in the forthcoming years.
Iris Recognition Biometrics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Iris Recognition Biometrics Market, Key Players
· Thales Group
· DERMALOG Identification Systems GmbH
· M2SYS Technology
· HID Global
· IRIS S.A.
· Iris ID, Inc.
· IDEMIA
· TECH5
· BioEnable Technologies Pvt Ltd.
· NEC Corporation
· EyeLock LLC
· IrisGuard Ltd
· Princeton Identity
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Iris Biometrics market?
The increase in the adoption of iris biometric solutions among government agencies is anticipated to enlarge the growth of the global Iris Biometrics market over the coming years.
Q2. Which Segments are covered in the Iris Biometrics market report?
Component, Application, End-use Industry, and Region, these segments are covered in the Iris Biometrics market report.
Q3. Which segment is projected to hold the largest share in the Iris Biometrics Market?
The Iris Recognition Software segment is projected to hold the largest share in the Iris Biometrics Market.
Q4. Which are sub-segments of the Services segment in the Iris Biometrics market?
Integration & Deployment, Biometrics Consulting, Support & Maintenance are sub-segments of the Services segment in the Iris Biometrics market.
Q5. Which are the prominent players in the Iris Biometrics Market?
Thales Group, DERMALOG Identification Systems GmbH, M2SYS Technology, HID Global, IRIS S.A., Iris ID, Inc., IDEMIA, TECH5, BioEnable Technologies Pvt Ltd., NEC Corporation, EyeLock LLC, IrisGuard Ltd, Princeton Identity are some key players in the Iris Biometrics Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Iris Scanners
- 5.2.2. Iris Recognition Software
- 5.2.3. Services
- 5.2.3.1. Integration & Deployment
- 5.2.3.2. Recognition Biometrics Consulting
- 5.2.3.3. Support & Maintenance
- 5.3.1. Access Control
- 5.3.2. Identity Verification
- 5.3.3. Payments
- 5.4.1. Military
- 5.4.2. Government & Law Enforcement
- 5.4.3. Banking & Financial Services
- 5.4.4. Healthcare
- 5.4.5. Consumer Electronics
- 5.4.6. Others
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Iris Scanners
- 6.2.2. Iris Recognition Software
- 6.2.3. Services
- 6.2.3.1. Integration & Deployment
- 6.2.3.2. Recognition Biometrics Consulting
- 6.2.3.3. Support & Maintenance
- 6.3.1. Access Control
- 6.3.2. Identity Verification
- 6.3.3. Payments
- 6.4.1. Military
- 6.4.2. Government & Law Enforcement
- 6.4.3. Banking & Financial Services
- 6.4.4. Healthcare
- 6.4.5. Consumer Electronics
- 6.4.6. Others
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Iris Scanners
- 7.2.2. Iris Recognition Software
- 7.2.3. Services
- 7.2.3.1. Integration & Deployment
- 7.2.3.2. Recognition Biometrics Consulting
- 7.2.3.3. Support & Maintenance
- 7.3.1. Access Control
- 7.3.2. Identity Verification
- 7.3.3. Payments
- 7.4.1. Military
- 7.4.2. Government & Law Enforcement
- 7.4.3. Banking & Financial Services
- 7.4.4. Healthcare
- 7.4.5. Consumer Electronics
- 7.4.6. Others
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Iris Scanners
- 8.2.2. Iris Recognition Software
- 8.2.3. Services
- 8.2.3.1. Integration & Deployment
- 8.2.3.2. Recognition Biometrics Consulting
- 8.2.3.3. Support & Maintenance
- 8.3.1. Access Control
- 8.3.2. Identity Verification
- 8.3.3. Payments
- 8.4.1. Military
- 8.4.2. Government & Law Enforcement
- 8.4.3. Banking & Financial Services
- 8.4.4. Healthcare
- 8.4.5. Consumer Electronics
- 8.4.6. Others
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Iris Recognition Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Iris Scanners
- 9.2.2. Iris Recognition Software
- 9.2.3. Services
- 9.2.3.1. Integration & Deployment
- 9.2.3.2. Recognition Biometrics Consulting
- 9.2.3.3. Support & Maintenance
- 9.3.1. Access Control
- 9.3.2. Identity Verification
- 9.3.3. Payments
- 9.4.1. Military
- 9.4.2. Government & Law Enforcement
- 9.4.3. Banking & Financial Services
- 9.4.4. Healthcare
- 9.4.5. Consumer Electronics
- 9.4.6. Others
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Thales Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. DERMALOG Identification Systems GmbH
- 10.6. M2SYS Technology
- 10.7. HID Global
- 10.8. IRIS S.A.
- 10.9. Iris ID, Inc.
- 10.10. IDEMIA
- 10.11. TECH5
- 10.12. BioEnable Technologies Pvt Ltd.
- 10.13. NEC Corporation
- 10.14. EyeLock LLC
- 10.15. IrisGuard Ltd
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
