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Iris Recognition Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5790763
The iris recognition market size is expected to see rapid growth in the next few years. It will grow to $8.5 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to widespread adoption in mobile devices, expanding applications in smart cities, growth in healthcare biometrics, increased integration in access control systems, rising demand for contactless authentication. Major trends in the forecast period include government initiatives and regulations, emergence of wearable technology, focus on user convenience and experience, cloud-based iris recognition solutions, cross-industry collaboration.

The iris recognition market size has grown rapidly in recent years. It will grow from $3.96 billion in 2023 to $4.57 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to several factors, including increasing security concerns prompting investments in biometric ID programs, the expansion of law enforcement and surveillance initiatives, the growing application of biometrics in healthcare, and the increasing demand for biometric solutions in financial services. These factors have contributed to the overall growth and adoption of biometric technologies across various sectors during the historic period.

The iris recognition market size is expected to see rapid growth in the next few years. It will grow to $8.5 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The anticipated growth in the forecast period can be attributed to the widespread adoption of biometrics in mobile devices, its expanding applications in smart cities, the growth of biometrics in healthcare, increased integration into access control systems, and the rising demand for contactless authentication. Major trends expected in this period include government initiatives and regulations, the emergence of wearable technology with biometric capabilities, a focus on user convenience and experience, the development of cloud-based iris recognition solutions, and increased cross-industry collaboration.

The increasing frequency of fraudulent activities is fueling the demand for iris recognition technology. Iris recognition is a secure method for identity verification and fraud prevention. The US Federal Trade Commission reported a 19% increase in fraud complaints in 2021 compared to 2020, with identity theft being the most common type of fraud. This rise in fraudulent activities, along with the need for high-security systems, is driving the growth of the iris recognition market.

The projected increase in the adoption of the Internet of Things (IoT) is poised to propel the growth of the iris recognition market in the foreseeable future. IoT refers to a network comprising physical objects, devices, and appliances embedded with sensors, software, and various technologies. These elements enable connectivity and data exchange among devices and systems over the internet or other communication networks. In the context of iris recognition, IoT integration facilitates seamless connectivity and data exchange between iris recognition devices. This allows for real-time authentication and remote monitoring, enhancing security measures and access control. Moreover, the incorporation of IoT fosters the development of smart and interconnected security ecosystems. For example, a report published by Ericsson in September 2022 indicated that global IoT connections had reached 13.2 billion in 2022, projecting an 18% increase to 34.7 billion connections by 2028. Consequently, the escalating adoption of IoT stands as a driving force behind the expansion of the iris recognition market, as it facilitates enhanced connectivity and functionalities within security systems through iris recognition technology.

Technological advancements stand as a prominent trend in the iris recognition market, with key companies introducing advanced products to maintain their market positions. An illustration of this trend is Hikvision's launch in September 2022 of the MinMoe Iris Recognition Terminal. This cutting-edge product is engineered to offer heightened security by leveraging unique identification patterns and robust security measures. The terminal boasts rapid iris scanning capabilities, clocking in at just 1 second for the scanning process, and a maximum recognition distance of 70 cm. It is also equipped with color imaging and video anti-counterfeiting technology, ensuring superior accuracy and safety measures.

Major companies in the iris recognition market are pioneering innovative products that incorporate advanced technologies, such as face recognition technology, to identify or verify individuals by analyzing and comparing patterns of facial features captured by imaging devices. These technologies are typically employed for security, authentication, or surveillance purposes. For example, in November 2022, NEC Corporation, a multinational information technology and electronics corporation based in Japan, introduced a multimodal biometric authentication solution. This solution integrates NEC's face recognition and iris recognition technologies, both of which have been recognized as the world's best by the US National Institute of Standards and Technology (NIST). The solution achieves exceptional authentication accuracy, with a false acceptance rate of one in 10 billion, making it well-suited for stringent access control in critical facilities and high-security areas.

In December 2021, Aware, a US-based biometrics company, acquired Fortress Identity for an undisclosed amount. This acquisition is expected to broaden Aware's product portfolio in the areas of onboarding, verification, and authentication. Fortress Identity, also based in the US, specializes in authentication as a service, offering multifactor authentication (MFA), digital ID verification, facial recognition, voice authentication, and biometric payments. The company operates in the iris recognition market and is known for its expertise in providing advanced biometric solutions.

Major companies operating in the iris recognition market report are Honeywell International Inc., NEC Corporation, Safran Group, Thales Group, Gemalto NV, IDEMIA, HID Global, SRI International, Cross Match Technologies Inc., EyeVerify, Inc., Bioenable Technologies, Aware Inc., Iris ID Inc., Iris Corporation Berhad, IrisTime, 3M Cogent Inc., Irisity AB, Iritech Inc., CMITech Company, Ltd., Irisys, M2SYS Technology, Iris Automation, EyeLock Inc., Herta Security, Princeton Identity, Vkansee, Smartmatic SGO Group, Irisguard Inc., Delta ID, IrisAccess. North America was the largest region in the iris recognition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global iris recognition market during the forecast period. The regions covered in the iris recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Iris recognition technology finds its primary applications in smartphones, wearables, tablets, notebooks, personal computers, and scanners. Smartphones, in particular, are capable of performing a wide array of tasks beyond traditional calling and messaging. Iris scanners integrated into smartphones are employed for tasks such as access control and authentication. This technology utilizes both hardware and software components and is utilized across various industries including consumer electronics, healthcare, banking, financial services and insurance (BFSI), military and defense, government, and others.

The iris recognition market size has grown rapidly in recent years. It will grow from $3.96 billion in 2023 to $4.57 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to increasing security concerns, government initiatives for biometric id programs, expansion in law enforcement and surveillance, growing application in healthcare, increasing demand in financial services.

The countries covered in the iris recognition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The iris recognition market consists of revenues earned by entities by providing services such as fingerprint recognition, software for facial recognition, voice authentication, biometric liveness detection, and spoof detection, biometrics-as-a-service (BaaS), and mobile biometric authentication. The market value includes the value of related goods sold by the service provider or included within the service offering. The iris recognition market also includes sales of biometric ID cards, iris scanners, biometric mobile devices, automated biometric identification systems (ABIS) and facial recognition terminals, which are used in providing iris recognition services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Iris Recognition Market Characteristics3. Iris Recognition Market Trends and Strategies
4. Iris Recognition Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Iris Recognition Market Size and Growth
5.1. Global Iris Recognition Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Iris Recognition Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Iris Recognition Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Iris Recognition Market Segmentation
6.1. Global Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Smartphones
  • Wearables
  • Tablets and Notebooks
  • Personal Computers
  • Scanners
6.2. Global Iris Recognition Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Hardware
  • Software
6.3. Global Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Identity Management and Access control
  • Time Monitoring
  • E-Payment
6.4. Global Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Consumer Electronics
  • Healthcare
  • BFSI (Banking, Financial Services and Insurance)
  • Military and Defense
  • Government
  • Other End-User Industries
7. Iris Recognition Market Regional and Country Analysis
7.1. Global Iris Recognition Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Iris Recognition Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Iris Recognition Market
8.1. Asia-Pacific Iris Recognition Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Iris Recognition Market
9.1. China Iris Recognition Market Overview
9.2. China Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Iris Recognition Market
10.1. India Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Iris Recognition Market
11.1. Japan Iris Recognition Market Overview
11.2. Japan Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Iris Recognition Market
12.1. Australia Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Iris Recognition Market
13.1. Indonesia Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Iris Recognition Market
14.1. South Korea Iris Recognition Market Overview
14.2. South Korea Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Iris Recognition Market
15.1. Western Europe Iris Recognition Market Overview
15.2. Western Europe Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Iris Recognition Market
16.1. UK Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Iris Recognition Market
17.1. Germany Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Iris Recognition Market
18.1. France Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Iris Recognition Market
19.1. Italy Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Iris Recognition Market
20.1. Spain Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Iris Recognition Market
21.1. Eastern Europe Iris Recognition Market Overview
21.2. Eastern Europe Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Iris Recognition Market
22.1. Russia Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Iris Recognition Market
23.1. North America Iris Recognition Market Overview
23.2. North America Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Iris Recognition Market
24.1. USA Iris Recognition Market Overview
24.2. USA Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Iris Recognition Market
25.1. Canada Iris Recognition Market Overview
25.2. Canada Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Iris Recognition Market
26.1. South America Iris Recognition Market Overview
26.2. South America Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Iris Recognition Market
27.1. Brazil Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Iris Recognition Market
28.1. Middle East Iris Recognition Market Overview
28.2. Middle East Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Iris Recognition Market
29.1. Africa Iris Recognition Market Overview
29.2. Africa Iris Recognition Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Iris Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Iris Recognition Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Iris Recognition Market Competitive Landscape and Company Profiles
30.1. Iris Recognition Market Competitive Landscape
30.2. Iris Recognition Market Company Profiles
30.2.1. Honeywell International Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. NEC Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Safran Group
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Thales Group
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Gemalto NV
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Iris Recognition Market Other Major and Innovative Companies
31.1. IDEMIA
31.2. HID Global
31.3. SRI International
31.4. Cross Match Technologies Inc.
31.5. EyeVerify, Inc.
31.6. Bioenable Technologies
31.7. Aware Inc.
31.8. Iris ID Inc.
31.9. Iris Corporation Berhad
31.10. IrisTime
31.11. 3M Cogent Inc.
31.12. Irisity AB
31.13. Iritech Inc.
31.14. CMITech Company, Ltd.
31.15. Irisys
32. Global Iris Recognition Market Competitive Benchmarking33. Global Iris Recognition Market Competitive Dashboard34. Key Mergers and Acquisitions in the Iris Recognition Market
35. Iris Recognition Market Future Outlook and Potential Analysis
35.1 Iris Recognition Market in 2028 - Countries Offering Most New Opportunities
35.2 Iris Recognition Market in 2028 - Segments Offering Most New Opportunities
35.3 Iris Recognition Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Iris Recognition Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on iris recognition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for iris recognition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Product: Smartphones; Wearables; Tablets and Notebooks; Personal Computers; Scanners
2) By Component: Hardware; Software
3) By Application: Identity Management and Access control; Time Monitoring; E-Payment
4) By End-user Industry: Consumer Electronics; Healthcare; BFSI (Banking, Financial Services and Insurance); Military and Defense; Government; Other End-user Industries

Key Companies Mentioned: Honeywell International Inc.; NEC Corporation; Safran Group; Thales Group; Gemalto NV

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Honeywell International Inc.
  • NEC Corporation
  • Safran Group
  • Thales Group
  • Gemalto NV
  • IDEMIA
  • HID Global
  • SRI International
  • Cross Match Technologies Inc.
  • EyeVerify, Inc.
  • Bioenable Technologies
  • Aware Inc.
  • Iris ID Inc.
  • Iris Corporation Berhad
  • IrisTime
  • 3M Cogent Inc.
  • Irisity AB
  • Iritech Inc.
  • CMITech Company, Ltd.
  • Irisys
  • M2SYS Technology
  • Iris Automation
  • EyeLock Inc.
  • Herta Security
  • Princeton Identity
  • Vkansee
  • Smartmatic SGO Group
  • Irisguard Inc.
  • Delta ID
  • IrisAccess

Methodology

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