Iris Recognition Market : Industry Trends and Technology Update Global Forecast to 2024 - PowerPoint PPT Presentation

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Title: Iris Recognition Market : Industry Trends and Technology Update Global Forecast to 2024

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
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//
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.
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.
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
MarketsandMarkets Presents
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