24 Apr 2017
South Korea's IRISYS is one of the key players of iris recognition market.
For your example,
Iris Recognition Market, By Component (Hardware, Software), By Products (Smart Watch, PC, Smart Phones, Laptops, Scanners), By Application(Access Control, Time Monitor), By End-User (BFSI, Defense, Healthcare, Government) - Forecast 2022
Market Highlights
In this rapidly changing and technologically developing environment, security needs are ever increasing. The market trend towards the higher requirement effective security systems, theft detection systems are driving the Iris recognition market. The study indicates that due to the popularity of smart gadgets, most of the organizations are focusing on embedding various biometric solutions to their products. This would ultimately result in the increase of Iris Recognition Market.
The study indicates that iris recognition has many advantages as high reliability, considerable ease of use, high stability, ideal for handling large database, and others. These advantages of iris recognition technology drives its market. The iris recognition has few challenges to overcome. The challenges include high costs, favorable environment i.e. proper light, person has to be still for some time to capture the iris image. These challenges are the restraining factors in the growth of iris recognition market. As per a recent news, the product named NCheck Bio Attendance 4.0 software that provides iris recognition feature for mobile or on-site time and attendance logging is launched by Neurotechnology.
The Iris Recognition Market is growing rapidly over ~20% of CAGR and is expected to reach at USD ~4 billion by the end of forecast period.
Key Players
Intended Audience:
Irisys Co., Ltd.
Website
T: +82-2-784-1188
#1201, Hanshin IT-Tower
272 Digital-ro
08389
Guro-gu, Seoul
Korea, Republic of
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