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Iris Recognition System Market is Booming with Market Strategies Adopted By Key Players (Iris ID, 3M Cogent, IRITECH, EyeLock) | Foreseen Till 2023

This report provides in-depth study on the current state of the Global Iris Recognition System Market 2019-2023. Key players in the Global Iris Recognition System Market have been identified through the secondary research and their market share has been determined through primary and secondary research. These include a study of annual and financial reports of top players and extensive interviews of leaders including CEOs, directors, and marketing executives.

Global Iris Recognition System Market Overview:

This report studies the Global Iris Recognition System Market over the forecast period of 2019 to 2023. The Global Iris Recognition System Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.

According to the market report analysis, Iris recognition is the advanced use of biometrics technologies, for the identification of an individual. Iris recognition technology uses mathematical pattern recognition techniques on video images of both the irises, whose complex random pattern are stable, unique, and are visible from certain distances. The uniqueness, stability, and security are the important factors driving the demand of the iris recognition market. The iris pattern is stable, uses richness of textures details present in the iris like coronas, furrows, freckles and stripes, hence, are more secure in nature.

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One of the most important factor drives the growth of the Global Iris Recognition System Market is rising demand of security systems. Occurrence of cybercrimes, terrorist attacks and many other illegal activities has increased the demand of high security systems. This is one of the most secured and accurate technologies to identify person by analyzing the random pattern of the iris. The major opportunity of Global Iris Recognition System Market is the expansion of iris recognition systems in the existing application areas like banking, finance, consumer electronics, travel and immigration and many others.

The Global Iris Recognition System Market is segmented based on the Component, Product, Application, End-Use Industry and Region. On the basis of Component, the Global Iris Recognition System Market is classified into Hardware and Software. Based on the Product, the Global Iris Recognition System Market is sub-segmented into Smartphones, Smartwatches, PCs, Laptops, Tablets and Notebooks, Scanners, and others. Based on the Application, the Global Iris Recognition System Market is sub-segmented into Access control and others. On the basis of End-Use Industry, the Global Iris Recognition System Market is sub-segmented into Government, Military & Defense, Healthcare, Banking & Finance, Consumer Electronics, Travel & Immigration and others.

In terms of the geographic analysis, North America strong financial position enables it to invest heavily in advanced solutions and technologies. These advantages have provided the organizations in the region with a competitive edge in the market.

Latest Industry News:

Iris ID (September 05, 2019) – Iris ID Integrates with LEAF Access Cards and DESFire EV2 Increasing Interoperability for End Users – Iris ID, a leading global provider of iris recognition technology, today announced its IrisAcess biometric platform now integrates with LEAF access cards (smart cards) containing MiFare DESFire EV1 and EV2 technologies.

Iris ID has joined the LEAF ecosystem, and IrisAccess iCAM 7S series products are now interoperable with all certified LEAF Si and LEAF Cc credentials. The integration enables two-factor authentication for enterprise organizations requiring the highest levels of security.

LEAF access cards contain embedded DESFire EV2 chips that store employee iris templates generated by the Iris ID software.  The LEAF access cards also contain the access control badge ID number which is only accessible after authentication by an iris match between the template on the card and the individual’s iris. The chip’s data must match the results of a live iris scan to allow the access control ID number to be transmitted and evaluated by the head-end access control system. The cards incorporate the AES-128 encryption standard and access control ID information for dual authentication.

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Top Leading Key in Players Global Iris Recognition System Market: 3M Cogent, BioEnable, Crossmatch Technologies, Iris ID, IRITECH, 4G Identity Solutions, Aditech, BI2 Technologies, Biomatiques Identification Solution and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

With the presence of a large pool of participants, the Global Iris Recognition System Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). 3M Cogent, BioEnable, Crossmatch Technologies, Iris ID, IRITECH, 4G Identity Solutions, Aditech, BI2 Technologies, Biomatiques Identification Solution are some of the key vendors of Iris Recognition System across the world. These players across Iris Recognition System Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.

Region segment: Iris Recognition System Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Iris Recognition System in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Major Points in Table of Contents:

Global Iris Recognition System Market Report 2019

1 Iris Recognition System Product Definition

2 Global Iris Recognition System Market Manufacturer Share and Market Overview

3 Manufacturer Iris Recognition System Business Introduction

4 Global Iris Recognition System Market Segmentation (Region Level)

5 Global Iris Recognition System Market Segmentation (Product Type Level)

6 Global Iris Recognition System Market Segmentation (Industry Level)

7 Global Iris Recognition System Market Segmentation (Channel Level)

8 Iris Recognition System Market Forecast 2019-2023

9 Iris Recognition System Segmentation Product Type

10 Iris Recognition System Segmentation Industry

11 Iris Recognition System Cost of Production Analysis

12 Conclusion

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