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Global Iris Recognition in Access Control Market 2016-2020

  • Published: Sep 2016
  • Pages: 65
  • SKU: IRTNTR10533
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This industry research report identifies 3M Cogent, BioEnable, Crossmatch Technologies, Iris ID, and IriTech as the key vendors in the global iris recognition in access control market. This industry research report also presents a competitive analysis of the market by end-users (healthcare, transportation, government, and others) and by geography (APAC, Europe, Latin America, MEA, and North America).

Overview of the global iris recognition in access control market

Market research analysts at Technavio predict that the global iris recognition in access control market will grow steadily during the forecast period and post an impressive CAGR of about 18% by 2020. This market research analysis identifies the rise in adoption of cloud-based biometrics as one of the primary growth factors for the iris identification in access control market. Cloud-based biometric technology utilizes cloud services through a web-based user interface and is available to the end-users on-demand. The pricing of cloud-based biometrics is based on a pay-per-use model, which makes it affordable by small and mid-size organizations as well. Moreover, pairing mobile biometric technology with cloud biometrics speeds up the identification process and will enable law enforcement officials to identify criminals by comparing their biometric data against data stored in the cloud, preventing unnecessary visits to the police station.

Multimodal biometrics ensures secure authentication by identifying an individual with a combination of two or more biometrics technologies. The introduction of iris recognition into multimodal biometrics will be one of the major trends that will gain traction in this market in the next four years. Multimodal biometrics using iris recognition combined with fingerprint or facial identification are already being used by countries such as the US, Japan, and Australia for border control. Multimodal biometric systems have already been deployed by countries such as the US, the UK, Japan, France, Germany, and Canada for national ID, voter registration, national healthcare, and e-passport projects.

Competitive landscape and key vendors

Due to the presence of several well-diversified international and regional iris scanner vendors, this global market appears to be fragmented. Focusing on expanding their product portfolios and increasing their market shares, well-established iris recognition system manufacturers will start acquiring niche vendors. As international players are increasing their market presence, regional vendors will find it difficult to compete with them. Since all vendors equally compete to gain a considerable share of the market, the competitive environment is quite fierce. The competition in the market is likely to intensify further with an increase in product and service extensions, technological innovations, and M&A.

The leading vendors in the market are -

  • 3M Cogent
  • BioEnable
  • Crossmatch Technologies
  • Iris ID
  • IriTech

The other prominent vendors in the market are 4G Identity Solutions, AditechBI² Technologies, Biomatiques Identification Solutions, Easy Clocking, EyeLock, IrisGuard, M2SYS Technology, FotoNation, and SRI International.

Segmentation by end-users and analysis of the iris recognition in access control market

  • Healthcare
  • Transportation
  • Government

The government sector accounted for the major market shares during 2015 and this was mainly due to the high acceptance of this technology in e-governance, national and civil IDs, e-passports, law enforcement, and immigration and border management services. Benefits such as the enrolment of data only once and increased durability will aid in the growth of the market in this end-user segment.

Geographical segmentation and analysis of the iris recognition in access control market

  • APAC
  • Europe
  • Latin America
  • MEA
  • North America

In terms of geographical regions, North America will be the major revenue contributor to the market throughout the forecast period. The acceptance of iris security systems by major end-user segments such as government, transportation, and healthcare in various applications like time and attendance monitoring, access to PCs, networks and servers, surveillance, patient monitoring, infant protection, and border control will fuel the growth of the market. The increasing awareness about the benefits of deploying iris recognition technology among various end-user segments will also drive the adoption of this technology in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global iris recognition in access control market?
  • What are the key market trends impacting the growth of the global iris recognition in access control market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global iris recognition in access control market?
  • What are the market opportunities and threats faced by the vendors in the global iris recognition in access control market?
  • Trending factors influencing the market shares of APAC, Europe, Latin America, MEA, and North America.
  • What are the key outcomes of the five forces analysis of the global iris recognition in access control market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market description

  • Process of iris access control recognition
  • Advantages and disadvantages of iris recognition systems
  • Comparison of biometric technologies

PART 06: Key market developments

  • Introduction of iris scanners in smartphones
  • Demand for contactless biometrics
  • Emergence of iris biometrics in wearables

PART 07: Market landscape

  • Market overview
  • Global iris recognition market
  • Market share of access control in global iris recognition market
  • Global iris recognition in access control market

PART 08: Product lifecycle analysis

PART 09: Market segmentation by end-user

  • Global iris recognition market by end-user
  • Global iris recognition in access control market in government sector
  • Global iris recognition in access control market in transportation sector
  • Global iris recognition in access control market in healthcare sector

PART 10: Geographical segmentation

  • Global iris recognition in access control market by geography
  • Iris recognition in access control market in North America
  • Iris recognition in access control market in Europe
  • Iris recognition in access control market in APAC
  • Iris recognition in access control market in South America
  • Iris recognition in access control market in MEA

PART 11: Buying criteria

PART 12: Market drivers

PART 13: Impact of drivers

PART 14: Market challenges

  • High costs of deployment and maintenance
  • Lack of biometrics standardization

PART 15: Impact of drivers and challenges

PART 16: Market trends

  • Introduction of iris recognition into multimodal biometrics
  • Use of iris recognition biometrics in BFSI sector
  • Use of iris recognition biometrics in education sector

PART 17: Five forces model

  • Five forces model

PART 18: Vendor analysis

  • Top vendor offerings
  • Vendor matrix
  • Description of leading vendors
  • Competitive scenario
  • Vendor comparison
  • Other prominent vendors

PART 19: Appendix

  • List of abbreviations

PART 20: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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