Global Iris Recognition in Access Control Market 2016-2020

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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