As biometric technology gains momentum in security applications, the global market for iris recognition is experiencing rapid growth.
The global iris recognition market is experiencing notable growth as biometric technology innovates security applications. Iris recognition is a highly accurate and secure form of biometric authentication, emerging as a preferred method for identity verification and access control. According to the latest market report, the market revenue for iris recognition reached $1.2 billion in 2021 and is expected to grow steadily at a compound annual growth rate (CAGR) of 14.5% during the forecast period from 2022 to 2030, reaching $3.8 billion by 2030. With the increasing need for robust security measures in both physical and digital spaces, organizations are adopting iris recognition technology to enhance security protocols. Iris recognition offers many advantages, including high accuracy, quick identification, and non-invasiveness, making it suitable for a wide range of applications such as border management, airport security, government agencies, banks and financial institutions, healthcare, and corporate access control. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Scope of the Report The segmentation of the global iris recognition market focuses on components, products, applications, industry verticals, and regions. Segmentation Based on Components Hardware Software Segmentation Based on Products Smartphones Wearables Tablets and Notebooks Personal Computers/Laptops Scanners Segmentation Based on Applications Identity Management and Access Control Time Monitoring Electronic Payments Segmentation Based on Industry Government Agencies Military and Defense Healthcare Banking and Finance Consumer Electronics Travel and Immigration Automotive Others
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