Identity management & access control application accounted for larger share of iris recognition market

Iris Recognition Market Iris identification is a biometric technique that uses people's distinctive eye iris patterns to identify them. This technology is becoming increasingly popular across a range of sectors and uses, such as border control, access control, banking and finance, healthcare, and more. The desire for improved security solutions, growing worries about identity theft and fraud, and the requirement for quick and precise identification systems are projected to fuel the growth of the iris recognition market in the upcoming years.

Identity management & access control application accounted for larger share of iris recognition market in 2022.

Identity management & access control application accounted for a larger share of the iris recognition market in 2022 and is expected to remain dominant throughout the forecast period. Iris recognition solutions are used in various verticals for identity management and access control applications. For example, in the banking & finance vertical, iris recognition systems are used by customers to access their bank accounts and employees to log in to their workstations. In the travel & immigration vertical, iris recognition systems prevent illegal immigrants from entering the country using fraudulent travel documents. In many airport terminals, these biometric systems are deployed to enhance the convenience, speed, and efficiency of border-crossing formalities for legitimate travelers. Many government organizations use iris recognition technology for identification and authentication purposes.

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Application Areas:

Access control, border control, time and attendance management, healthcare, and other application areas are just a few of the segments that the iris recognition market can be broken down into. The iris recognition industry's largest application category, access control, accounts for a sizeable portion of the overall market. Airports, government and commercial buildings, and other high-security sectors frequently use access control systems that incorporate iris recognition technology. Iris recognition technology is widely employed in border control as a secure and effective method of passenger identification at airports, seaports, and other border crossings.

Regional Analysis:

The North American, European, Asian Pacific, South American, Middle Eastern, and African segments of the worldwide iris recognition market can be distinguished. Due to the presence of numerous iris recognition solution providers and the growing use of advanced security solutions in the area, North America is anticipated to dominate the iris recognition market during the forecast period. In the upcoming years, it is anticipated that Europe and Asia Pacific will also experience considerable development due to the growing use of iris recognition technology across a range of sectors and applications.

Key players

Key players in the iris recognition market include Thales (France), IDEMIA (France), HID Global Corporation (US), Iris ID, Inc. (US), IriTech, Inc. (US), IrisGuard Ltd. (UK), EyeLock LLC (US), NEC Corporation (Japan), Princeton Identity (US), and CMITech Company, Ltd. (Korea), among others.

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