Global Iris Recognition Market Research 2020-2024 | Market Impact Analysis due to COVID-19 Spread | Technavio

The iris recognition market is poised to grow by USD 2.08 billion during 2020-2024 progressing at a CAGR of over 23% during the forecast period.
This press release features multimedia. View the full release here:
Technavio has announced its latest market research report titled Global Iris Recognition Market 2020-2024 (Graphic: Business Wire)
Worried about the impact of COVID-19 on your business? Here is an exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour.
Get FREE Sample Report in Minutes!
The report on the iris recognition market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing need to reduce identity duplication.
The iris recognition market analysis includes the end-user and region. This study identifies the increased adoption of iris recognition in the government sector as one of the prime reasons driving the iris recognition market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The iris recognition market covers the following areas:
Iris Recognition Market Sizing
Iris Recognition Market Forecast
Iris Recognition Market Analysis
Companies Mentioned

  • Aware Inc.
  • BioEnable Technologies Pvt. Ltd.
  • EyeLock LLC
  • Honeywell International Inc.
  • Iris ID Systems Inc.
  • IrisGuard UK Ltd.
  • M2SYS Technology
  • Safran SA
  • Thales Group

Related Reports on Information Technology Include:
Global Voice Recognition Biometrics Market – The voice recognition biometrics market is segmented by end-user (BFSI, government, telecommunications, healthcare, and others) and geography (North America, APAC, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Global Facial Recognition Market – The facial recognition market is segmented by technology (3D facial recognition and 2D facial recognition), end-user (government sector, BFSI sector, transportation sector, and other sectors), application (Identification and Verification), and geography (North America, Europe, APAC, MEA, and South America). Click Here to Get an Exclusive Free Sample Report
Key Topics Covered:
Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Government – Market size and forecast 2019-2024
  • Transportation – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aware Inc.
  • BioEnable Technologies Pvt. Ltd.
  • EyeLock LLC
  • Honeywell International Inc.
  • Iris ID Systems Inc.
  • IrisGuard UK Ltd.
  • M2SYS Technology
  • Safran SA
  • Thales Group


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on
CONTACT: Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200 
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 01/29/2021 08:09 AM/DISC: 01/29/2021 08:09 AM