The Global Iris Recognition Market is forecasted to be worth USD 5.88 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include increasing usage of iris recognition system (IRS) in government identity systems and smartphones & other IoT devices owing to its more accurate personal identification, reduced risks of security breaches, and huge overall growth of the IoT device industry.

The latest research report by Emergen Research, named ‘Global Iris Recognition Market - Forecast to 2027’, entails a comprehensive review of the global Iris Recognition market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.

Get a Free Sample Copy, visit @https://www.emergenresearch.com/request-sample/185

COVID-19 Impact Analysis:

This report is the latest document encompassing the massive changes that took place in the Iris Recognition market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Iris Recognition market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments.

Further key findings from the report suggest

  • In June 2020, EyeLock LLC, a leading manufacturer of the iris recognition-based identity authentication solutions, revealed a global strategic partnership with CMITech Company, Ltd. of South Korea. The partnership & collaboration would help broaden the accessibility of the global iris technology market and enable EyeLock to launch new interoperable products in addition to the existing product line.
  • The smartphone & tablet sub-segment is growing with the fastest growth rate of 12.6% during the projected era with extensive implementation in the smartphone industry, owing to the incorporation of the iris scanners in the smartphones for their higher accuracy & precision in the multimodal multiple biometrics three-dimensional sensing system that drastically reduces the chances of replication or duplicity.

Competitive Outlook:

  • The global Iris Recognition market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Iris Recognition market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

  • Iris ID Systems Inc.
  • M2SYS Technology
  • Honeywell International Inc.
  • IRITECH INC.
  • Safran SA
  • EyeLock LLC
  • Aware Inc.
  • Thales Group
  • IrisGuard UK Ltd.

Key questions addressed in the report:

  • What are the key factors driving the global Iris Recognition market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Iris Recognition market?

Read More @https://www.emergenresearch.com/industry-report/iris-recognition-market

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Browse More Related Reports:

https://www.emergenresearch.com/industry-report/fingerprint-sensors-market https://www.emergenresearch.com/industry-report/high-speed-camera-market https://www.emergenresearch.com/industry-report/biometrics-market https://www.emergenresearch.com/industry-report/thermal-interface-materials-market https://www.emergenresearch.com/industry-report/quantum-dots-market