The Key Players in The Global Iris Recognition Market 2015-2019

Tuesday 28 April 2015, Amsterdam

The report recognizes the following companies as the key players in the Global Iris Recognition Market: 3M Cogent Inc., BioEnable Technologies Pvt. Ltd., Cross Match Technologies Inc., Iris ID Systems Inc. and Safran SA.

Other Prominent Vendors in the market are: 360 Biometrics, Aware, Smartmatic, SRI International and Texas Instruments.

The report said: “Increased adoption of biometrics in growing sectors is a major trend in the market. There is high adoption of biometrics in various projects like e-passports, e-visas and driving licenses so that duplication and identity theft can be avoided.”

According to the report, the growing need for advanced security is a major driver in the Global Iris Recognition Market. With the increase in data theft and misuse of information in sectors like Government and BFSI, there is a greater need for higher levels of security.

Further, the report states that the availability of inexpensive alternatives is expected to pose a threat to the market in the coming years. Substitutes like token-based authentication and smart cards are readily available in the market, which are comparatively cheaper than iris recognition systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.