worldwide iris biometric market global drivers trends and forecast to 2020

Worldwide Iris Biometric Market- Global Drivers, Trends and Forecast to 2020

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Iris biometrics is used for the verification and authentication of one’s identity. It is done by measuring the unique patterns of the video images of either one or both of the irises of a person’s eyes. The measurements are contactless, fast and highly accurate, and are known for even operating at long distances. At present, apart for being used in physical access control, iris scanners are also being deployed in consumer based smart devices.

Iris biometrics are highly being used in settings which demands high standards of security, stability and accuracy. While the iris biometrics have already seen large scale deployments in national elections and big financial institutions, it is now being widely deployed in scientific facilities, such as CERN, and border control areas. Iris biometrics require special kind of hardware as compared to voice and face recognition, thus, adding to the installation and maintenance costs. Although, recent developments in technology has made it more accessible in terms of installation and cost.

Advancements in technology of biometrics & recognition, and rise in use of surveillance, identity, and access applications are some of the major drivers for the growth of the market. The Iris Biometric market is segmented by components, deployment, end users, and regions. Some of the key Iris Biometric Market vendors are Smartmatic, Anviz Global, Smart Sensors Limited, MorphoTrak, IrisGuard Inc., EyeLock Corp., and BioEnable Technologies Pvt. Ltd.

The study covers and analyses the “Iris Biometric” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

1       Industry Outlook 

1.1             Industry Overview

1.2             Industry Trends

1.3             PESTEL Analysis

2       Report Outline 

2.1             Report Scope

2.2             Report Summary

2.3             Research Methodology

2.4             Report Assumptions

3       Market Snapshot

3.1             Total Addressable Market (TAM)

3.2             Segmented Addressable Market (SAM)

3.3             SAM as a Segment of TAM

3.5             Related Markets

4       Market Outlook 

4.1             Overview

4.2             Evolution of Iris biometrics

4.3             Advantages and disadvantages of iris biometrics

4.4             Segmentation

4.5             Porter 5 (Five) Forces

5       Market Characteristics 

5.1             Market Trends

5.2             Value Chain

5.3             Market Dynamics

5.3.1               Drivers

5.3.2               Restraints

5.3.3               Opportunities

5.4             DRO – Impact Analysis

5.5             Key Stakeholders

6       Deployment type: Market Size and Analysis 

6.1             Overview

6.2             External scanners

6.3             Smartphones

6.4             Tablets and notebooks

6.5             Smart watches

6.6             PC’s and laptops

6.7            Others

7       End user: Market Size and Analysis 

7.1             Overview

7.2             Government

7.3             Military and defense

7.4             BFSI

7.5             Manufacturing

7.6             Others

8       Components: Market Size & Analysis 

8.1             Overview

8.2             Hardware

8.3             Software

9       Regions: Market Size & Analysis 

9.1             Overview

9.2             Americas

9.3             Europe

9.4             Asia Pacific

9.5            MEA

10     Competitive Analysis

10.1           Overview

10.2           Anviz Global

10.3           Smartmatic

10.4           MorphoTrak

10.5           Smart Sensors Limited

Includes other major vendors

11     Vendor Profiles*

11.1           Anviz Global

11.2           Smartmatic

11.3           MorphoTrak

11.4           Smart Sensors Limited

Includes other major vendors

12     Companies to Watch for # 

13     Expert’s Views 



* Vendor profiles will include: overview, business units, geographical revenue, recent developments, business focus, SWOT, and business strategy

# Companies to watch for will include small private players present in the market

Research Framework

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.


Worldwide Iris Biometric Market- Global Drivers, Trends and Forecast to 2020
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