Iris recognition captures image of the iris using infrared camera for biometric authentication. The iris pattern is highly secure and accurate biometric identifier. The technology is widely utilized for secure access to smartphones, laptops, datacenters and government facilities due to its high accuracy.

Market key trends:

One of the key trends in the iris recognition market is the growing integration of iris biometrics in various IoT devices. With increasing connectivity through IoT, the demand for secure authentication is also rising. Integration of iris recognition in IoT devices like smartphones, tablets, laptops provides highly secure access to digital payments, banking applications and confidential online portals. The iris biometrics offers liveness detection and prevents spoofing attacks thereby making it ideal for IoT security applications. This rising deployment of iris recognition in IoT is expected to drive the market growth over the forecast period.

Segment Analysis

The global iris recognition market can be segmented by product type, end user, and region. Based on product type, the market is segmented into hardware, software and services. The hardware segment dominates the market and is expected to continue its dominance over the forecast period. This is attributed to the high demand of hardware components such as iris scanners, cameras, and others for iris recognition systems across various industries.

Key Takeaways

The Global Iris Recognition Market Size is expected to witness high growth, exhibiting a CAGR of 18% over the forecast period, due to increasing demand for advanced biometric systems for identity authentication and access control.

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