Machines & Equipment / Iris Recognition For Access Control System Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: KT & C, Irisian, DERMALOG, Iris ID, Panasonic, IDEMIA, NEC Corporation
Iris Recognition for Access Control System Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: KT & C, Irisian, DERMALOG, Iris ID, Panasonic, IDEMIA, NEC Corporation
Over the next five years the Iris Recognition for Access Control Systemmarket will register an 12.6% CAGR in terms of revenue, the global market size will reach USD 5.88 billion by 2027.
Iris Recognition for Access Control System Market Overview
The Global Iris Recognition Access Control System Market has experienced rapid expansion over the past few years, and it is anticipated that this trend will continue during the expected period, which runs from 2022 to 2027.
The report on the global iris recognition access control system market offers a comprehensive analysis of the industry for the anticipated time frame (2022-2027). The study includes a number of divisions as well as an analysis of the trends and other elements that are significantly influencing the market. These variables, or the market dynamics, include the motivators, inhibitors, opportunities, and difficulties through which the market impact of these variables is described. Opportunities and challenges are external market aspects, whereas drivers and restraints are inner market forces. The Global Iris Recognition Access Control System Market analysis offers a forecast on how the market will change in terms of sales throughout the forecast period.
The report aspects discussed the profile of the top manufacturers of the global Iris Recognition for Access Control System market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Iris Recognition for Access Control System Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in Iris Recognition for Access Control System Market?
The Iris Recognition for Access Control System Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market KT＆C, Anviz Global, Audiovox (EyeLock), Irisking, WuHan Homsh, CMITech, Beijing Wanlihong Technology, Irisian, DERMALOG, Beijing Hongan Xiangyu Information Technology, Thalesgroup, Iris ID, Panasonic, IDEMIA,NEC Corporation and others.
Industry News:
Iris ID to Display Flexible and Accurate New Readers at ISC West
March 14, 2022 – Iris ID, for more than 20 years the global leader in iris recognition technology, will showcase two new readers – the iCAM D2000 and IrisBar – at ISC West, March 23-25 at the Venetian Expo in Las Vegas. The two devices are compact touchless readers that accurately identify people through advanced multi-modal biometric technologies. The self-service iCAM D2000 and the IrisBar are ideal at airports and border crossings.
NEC iris recognition technology ranks first in NIST accuracy testing
September 22, 2021 - NEC Corporation (NEC; TSE: 6701) today announced that its iris recognition technology ranked first in the world in the most recent iris recognition technology benchmark test, IREX 10 (*1), conducted by the globally authoritative U.S. National Institute of Standards and Technology (NIST). In this benchmark test, the technology was evaluated with an accuracy rate of 99.59% for "1:N Identification" for images including both eyes among half a million people (*2).
Iris Recognition for Access Control System Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Iris Recognition for Access Control System Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for Iris Recognition for Access Control System Market?
By Type, it is segmented into
Recognition speed under 1 second
Recognition speed over 1 second
By Applications it is segmented into
BFSI
Residential
Education
Hospital
Government
Others
Iris Recognition for Access Control System Market Regional Analysis
North America to have the Largest Market Share
Organizations are increasingly using biometrics, giving users another layer of protection to protect themselves, as a result of the significant rise in data breaches in the region across numerous industries.
The region's market is expanding as a result of the use of iris scanning technology by numerous government agencies. For instance, the Federal Bureau of Investigation (FBI) depends on its collaborations with local, state, tribal, and federal agencies to create important initiatives like the Next Generation Identification (NGI) systems and the National Crime Information Center (NCIC). In these systems, iris recognition is used as a reliable form of identification.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Iris Recognition for Access Control System Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Iris Recognition for Access Control System Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Iris Recognition for Access Control System Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 12.6% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Iris Recognition for Access Control System Report
Evaluate Iris Recognition for Access Control System market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Iris Recognition for Access Control System market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Iris Recognition for Access Control System Market is studied from 2017 - 2027.
What is the growth rate of Iris Recognition for Access Control System Market?
The Iris Recognition for Access Control System Market is growing at a CAGR of 12.6% over the next 5 years.
Who are the key players in Iris Recognition for Access Control System Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
