Global Iris Recognition in Access Control Market 2016-2020
About Iris Recognition
Iris recognition is one of the most secure and accurate modes of biometrics used for security and surveillance in sectors such as government, military and defense, healthcare, banking and finance, consumer electronics, travel and immigration, and automotive. Since its existence in 1994, many countries across the world have deployed iris recognition technology for cross-border control and national ID initiatives.
Technavio’s analysts forecast the global iris recognition in access control market to grow at a CAGR of 18.09% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global iris recognition in access control market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of iris recognition biometrics.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Iris Recognition in Access Control Market 2016-2020
Technavio recognizes the following companies as the key players in the global iris recognition in access control market: 3M Cogent, BioEnable, Crossmatch Technologies, Iris ID, and IriTech.
Other Prominent Vendors in the market are: 4G Identity Solutions, Aditech, BI² Technologies, Biomatiques Identification Solutions, Easy Clocking, EyeLock, IrisGuard, M2SYS Technology, FotoNation, and SRI International.
Commenting on the report, an analyst from Technavio’s team said: “Use of iris recognition biometrics in education sector will be a key trend for market growth. Iris biometrics technology is used in the education sector for a number of applications such as libraries, cashless canteen systems, vending machines, time and attendance systems, and school payments. Teachers can also use it to update the performance of students. With growing instances of security threats, several schools have incorporated iris-based biometrics and access control systems to ensure the safety of students and staff.”
According to the report, adoption of cloud-based biometrics will be a key driver for market growth. The cloud-based biometric technology utilizes cloud services through a web-based user interface, which can either be a browser or a mobile application and is available on demand to the end-users. Cloud-based biometric infrastructure includes a server that consists of biometric template database and all other related data that is collected during the individual's identification and verification.
Further, the report states that the high costs of iris biometrics recognition systems are a serious challenge to its adoption in various sectors. Alternative security solutions such as swipe cards, access cards, tokens, and keypads are relatively cheaper than iris biometrics systems and are more popular among SMBs. The adoption of iris recognition systems also involves hidden costs associated with the implementation of middleware, application software, and system integration, which makes them capable of handling large volumes of biometrics data.
3M Cogent, BioEnable, Crossmatch Technologies, Iris ID, and IriTech. Other Prominent Vendors in the market are: 4G Identity Solutions, Aditech, BI² Technologies, Biomatiques Identification Solutions, Easy Clocking, EyeLock, IrisGuard, M2SYS Technology, FotoNation, and SRI International.
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