- Global Pharma News & Resources

Iris Recognition Market CAGR Status, Industry Analysis, Trends, and Forecast – 2028 | FMI

VALLEY COTTAGE, N.Y. – Iris Recognition Market: Introduction

Iris recognition is a technology which is accurate and efficient for security of data, individual and other such valuable assets. Iris recognition is gaining traction these days due to its use in consumer electronics products like computers and laptops. Embedding of iris recognition technology to laptops has led to widespread awareness about the feature and reliability it offers. Iris recognition is termed to be 10 times more secure but 10 times more expensive technology then the fingerprint scanner technology. Iris recognition market has started its transition to cut down its cost and is seen as a potential technology for identity management in the near future.

Iris Recognition Market: Drivers and Challenges

There are many factors driving the market for iris recognition, from which one of the major factors is the increasing demand for high security systems in the sectors like government and travel & immigration. Also, many criminal activities and duplicate identity matches been traced globally which is forcing the users to buy these products and is thus increasing the market for iris recognition globally. Other drivers for the iris recognition market include awareness among the users about process of authentication where a particular person doesn’t have an iris duplicate and positive authentication can only be called by the same individual.

Download the sample copy of Report with table of contents and Figures @

Some of the restraints for iris recognition market have been related to the cost of these iris recognition systems. Cost of these iris recognition systems are on a higher scale which forces the users to use other inexpensive alternatives to the iris recognition systems. This has been a major restraint for the market and has been a factor for its slow growth. Another restraint for the iris recognition market has been the flexibility of the iris recognition systems. The iris recognition system needs the subject to adjust to it, such that the head should not move while scanning or there should not be any reflection in the eye while scanning rather than self-adjusting to the conditions, which makes the systems lower on the flexibility scale and this also adds to the reason for the slow growth of the iris recognition market in terms of adoption and revenue growth.

Iris Recognition Market: Segmentation –

On the basis of component the iris recognition market can be divided into;

  • Hardware
  • Software
  • Service

On the basis of product, the iris recognition market can be segmented into;

  • Smartphones
  • Computers
  • Scanners
  • Wearables
  • Others

Preview Analysis of  Iris Recognition Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment; 2018 – 2028:

On the basis of application, the iris recognition market can be segmented into;

  • Travel and Immigration
  • Government Organizations
  • Banking and Finance
  • Military and Defense
  • Consumer Electronics
  • Healthcare
  • Others

Buy this report @

Iris Recognition Market: Key Players

Some of the key players of iris recognition market are:

  • Bioenable  Technologies
  •  Irisguard Inc.
  •  Eyelock Inc.
  •  Crossmatch Technologies  Inc.
  •  3M Cogent Inc.
  •  Safran SA
  •  Sri International Inc.
  •  Iris Id Inc.
  •   Smartmatic International Corporation
  •  Iritech Inc.
  •  M2SYS Technology
  •   BI² Technologies
  •  Biomatiques Identification Solution
  •  EyeSmart  Technology
  •  EyeVerify
  •  Delta ID
  •  Honeywell International Inc.
  •  Fulcrum  Biometrics
  •  LLC and Gemalto

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you:

More from Electronics, Semiconductors, and ICT :

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Contact Us
Mr. Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44-(0)-20-7692-8790 
Blog: Market Research Blog  

Editor Details

Last Updated: 04-Mar-2020