Market research firm TechNavio has issued a new report on the iris biometrics market. Entitled “Global Iris Recognition Market 2015-2019”, the report predicts strong growth, at a CAGR of 23.5 percent between 2014 and 2019.
The researchers point to a few trends driving the strong growth. One is the increasing level of concern about security connected to the threat of terrorism – a market factor that has been at work in the broader biometrics market for some time.
Another major factor is the rising adoption of this kind of biometric technology into official documents such as e-passports and driver’s licences, and indeed, these kinds of deployments do appear to be on the rise, with pioneers like Estonia leading the way with biometric citizen ID cards, and also states like Washington in the US implementing smart driver’s licences. Finally, the researchers note a trend “towards more user-friendly interfaces and increased awareness about the benefits of iris recognition” as another major factor boosting the market.
March 9, 2015 – by Alex Perala
Reproduced please specify：zkblog » New Report Adds to Enthusiasm Over Iris Biometrics