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Iris Recognition: Consumer Device Authentication, Border Control, Non-Governmental Agencies, Automated Teller Machines, Pharmacy Dispensing, Government IT Systems, and Other Iris Imaging Biometrics Use Cases

NEW YORK, March 9, 2017 /PRNewswire/ -- For many years, iris recognition was largely a technology constrained to works of science fiction, being hamstrung by a major conceptual patent remaining in force until 2005. However, in the following years, more than 10 well-qualified manufacturers of iris recognition hardware, all with market presence and awareness, along with various software providers, have launched around the world, thereby making the technology a reality across a variety of geographic regions and use cases. Iris recognition is now gaining traction as a secure and consumerfriendly biometric modality, thanks to growing competition and innovation as well as successful deployments of pilot programs around the world.

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Iris recognition presently requires photography in the infrared (IR) light spectrum. Traditionally, iris recognition has been the domain of purpose-built devices for industrial use cases, such as defense, border control, and in-the-field distribution of charitable aid. However, recent product releases have shown IR cameras and light sources integrated into smartphones and tablets, which opens up a new world of use cases for iris recognition. Despite the introduction of these new hardware components, other modalities, such as voice and facial recognition, have been able to use existing, consumer-grade microphones and cameras as inputs, and thereby can be deployed more widely without incurring additional hardware costs.

Tractica forecasts that iris recognition biometrics revenue will increase from $631.6 million in 2016 to $4.1 billion in 2025, at a compound annual growth rate (CAGR) of 23.1%. This Tractica report examines the market for iris recognition biometrics hardware, including 10-year forecasts for the period from 2016 through 2025. The report examines 20 use cases specific to iris recognition. The report forecasts revenue and device shipments for standalone devices and integration into mobile devices. Within each world region, market forecasts are further segmented by industry and use case. The report also includes profiles of 24 key industry players in the iris recognition market.

Key Market Forecasts
- Annual Iris Recognition Revenue by Region,
World Markets: 2016-2025
- Annual Iris Recognition Device Shipments by
Region, World Markets: 2016-2025
- Annual Iris Recognition Standalone Device
Shipments and Revenue by Region, World
Markets: 2016-2025
- Annual Iris Recognition in Mobile Device
Shipments and Revenue by Region, World
Markets: 2016-2025
- Annual Iris Recognition Device Shipments and
Revenue by Industry, World Markets: 2016-2025
- Annual Iris Recognition Device Shipments and
Revenue by Use Case, World Markets: 2016-

Key Use Cases
- Consumer Device

- Pharmacy Dispensing
- Cashpoint / ATM
- Aid Distribution / Fraud

- Care Provider Access
- Government IT System

- Border Control (entry / exit)
- Healthcare Tracking
- Voter Registration / Tracking
- Identify Persons of Interest
- Biometrics Passport
- National ID Card
- Arrest / Release Identification
- Doorway to Desktop
- Time & Attendance

Application Markets
- Consumer
- Defense
- Enterprise
- Finance
- Government
- Healthcare
- Law Enforcement
- Non-Governmental

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

Read the full report: http://www.reportlinker.com/p04764445-summary/view-report.html

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/iris-recognition-consumer-device-authentication-border-control-non-governmental-agencies-automated-teller-machines-pharmacy-dispensing-government-it-systems-and-other-iris-imaging-biometrics-use-cases-300421551.html