Iris Recognition Market
Iris Recognition Market Forecasts to 2028 - Global Analysis By Product (Tablets & Notebooks, Scanners, Smartphones, Personal Computers/Laptops and Wearables), Component (Software and Hardware), Application (E-Payment, Identity Management and Access Control and Time Monitoring), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $2.91 BN |
|
Projected Year Value (2028) |
US $6.90 BN |
|
CAGR (2022 - 2028) |
15.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global IRIS Recognition Market is accounted for $2.91 billion in 2022 and is expected to reach $6.90 billion by 2028 growing at a CAGR of 15.5% during the forecast period. IRIS recognition is a computerised biometric identification method that employs mathematical pattern-recognition techniques on video images of one or both of an individual's eyes. Eyes exhibit detailed patterns that are unique, stable, and visible from a distance. IRIS identification uses this in conjunction with video camera technology and subtle near-infrared illumination to obtain clear photos of the delicate and sophisticated structures of the IRIS that are visible from the outside. IRIS Recognition works well with contact lenses and regular eyeglasses and can be utilised by blind people who have an IRIS.
According to the US Federal Trade Commission, a US-based trade law enforcement agency, in 2021, fraud complaints increased by 19% as compared to 2020. Identity theft was the most common fraud and increased by 3.3% to reach 1.43 million as compared to 1.39 million in 2020.
Market Dynamics:
Driver:
Increased adoption of IRIS recognition technology for identification and authentication by government organizations
The government sector was an early adoption of IRIS recognition technology, resulting in significant demand for its products and solutions. This is one of the primary factors driving the growth of the IRIS recognition market. Worldwide, government organizations/agencies/departments use IRIS recognition technology for identification and authentication. For example, the Federal Bureau of Investigation (FBI) collaborated with local, state, tribal, and federal agencies to develop the National Crime Information Center (NCIC) and Next Generation Identification (NGI) systems. These systems make use of IRIS recognition as a reliable means of identification.
Restraint:
Presence of competing biometric technologies
There are numerous biometric technologies on the market, including face recognition, fingerprint recognition, IRIS recognition, voice recognition, and vascular recognition. The market acceptability of these technologies varies according to their advantages and shortcomings. Face and fingerprint recognition technologies compete heavily with IRIS recognition technology. One of the key reasons for this is its high cost. IRIS scanners are more expensive than alternatives such as face and fingerprint detection devices. As a result, rising adoption of fingerprint and face recognition biometric systems in numerous areas, including travel, business offices, and others, is impeding market growth.
Opportunity:
Penetration of biometric technologies in automotive and military & defense sectors
Touchless biometric products are predicted to be in great demand in the automotive industry in the future years. Scanning the vein, face, IRIS, or finger can be utilised for a variety of applications, including user/driver authentication, in-car payment, in-cabin personalization, and intra-vehicle network encryption. Because of its ability to work in dark situations, high accuracy, and non-contact features, IRIS-recognition-based biometric devices are gaining popularity in the automotive industry. The rising use of IRIS recognition in the military and defence sectors is also driving market demand. The US military has utilised IRIS-scanning equipment to identify inmates in Afghanistan and Iraq.
Threat:
Complexity of integrating IRIS recognition technology into conventional identification solutions
One key problem in using IRIS recognition technology is integrating it with current systems to enable security, surveillance, and access control. The integration of IRIS biometrics technology with other biometric devices has become increasingly sophisticated as the technology advances, such as the deployment of high-definition camera technology, algorithms, and other analytics solutions. Furthermore, the expensive cost of installing IRIS recognition scanners is a concern that may limit market revenue growth to some extent.
Covid-19 Impact
The COVID-19 outbreak boosted the global IRIS recognition market. It had a huge impact on people, organisations, and industries. The epidemic has stimulated biometric research, which has resulted in a surge in the usage of IRIS and periocular recognition. This is owing to the shift from touch-based technology to contactless alternatives, which has resulted in a decrease in the use of fingerprint recognition methods. Touchless recognition systems have become the new standard for maintaining sanitary safety. As a result, IRIS recognition is now regarded as the best solution.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is estimated to have a lucrative growth, because of the numerous advantages provided by these systems. IRIS recognition systems use hardware such as IRIS recognition cameras, modules, and readers. Because IRIS-based authentication requires specialised hardware, as opposed to software-based modalities like face and voice recognition, it is less common in consumer-facing implementations. The market's need for these hardware and other components is considerable, which promotes the segment's growth.
The healthcare segment is expected to have the highest CAGR during the forecast period
The healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, ascribed to rising penetration of digitization for boosting authentication process. The demand for patient identification, checkups, test scheduling, arranging, and patient data management is driving rising demand for IRIS recognition in the healthcare sector. In addition, IRIS recognition technologies are used to verify insurance information and to avoid fraud and duplicate medical reports. These key factors are expected to contribute significantly to revenue growth of this segment.
Region with highest share:
North America is projected to hold the largest market share during the forecast period. The presence of prominent players, as well as significant investment in R&D activities for the expansion of advanced technology, are major factors driving the growth of the target market in this region. Furthermore, governments in North American countries are using biometrics and IRIS scanners for security and identification purposes. The upcoming implementation of eye scanners at US borders is also likely to enhance market demand in this region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period due to the installation of IRIS recognition technology in nations such as the United Kingdom, Germany, and France. Furthermore, stringent regulations designed to protect the security, privacy, and confidentiality of patients, employees, bank officials, and various other delegates are expanding the deployment of biometrics such as IRIS recognition in banking and insurance businesses, electronics, and health care industries. These important drivers are projected to fuel market revenue growth throughout the forecast period.
Key players in the market
Some of the key players profiled in the IRIS Recognition Market include Princeton Identity, NEC Corporation, Thales Group, EyeLock LLC, IriTech, Inc., IRIS ID, Inc., HID Global, 3M Cogent, Bioenable Technologies, Safran, Smartmatic, Sri International Inc., Crossmatch Technologies Inc., DERMALOG Identification Systems GmbH and IRISguard Inc.
Key Developments:
In March 2022, IriTech, Inc stepped up its IRIS recognition products by releasing IRIShield Binocular (BK2121) and cloud-based IRIS recognition service (IRISecureID). IriTech offers a more convenient way to access IRIS recognition functions, including enrollment, identification, verification, and de-duplication through a web service interface that can be easily integrated into any enterprise application.
In February 2022, IriTech, Inc. entered a co-promotion agreement with Egis Technology Inc. (Egistec), a leading global provider of fingerprint sensors. The co-promotion with Egistec, which is already providing fingerprint solutions to top-tier smartphone manufacturers, is expected to create more opportunities for IriTech and Egistec in consumer technology while focusing on the mobile industry.
In January 2022, Princeton Identity (PI) and Emphor Trading Abu Dhabi, a division of ScreenCheck and a subsidiary of The Centena Group, formed a new biometrics partnership. According to the partnership, Emphor Trading will offer PI's entire portfolio of IRIS and face biometric security solutions to its customers as part of the partnership and tailored integrations to suit specific security and operational demands.
In April 2021, EyeLock LLC, a provider of IRIS identity authentication solutions and a subsidiary of VOXX International Corporation, was awarded a contract to control individual access to the four data center facilities in charge of monitoring and controlling all governmental buildings, streets, and service providers for Egypt's New Capital City.
Products Covered:
• Tablets & Notebooks
• Scanners
• Smartphones
• Personal Computers/Laptops
• Wearables
Components Covered:
• Software
• Hardware
Applications Covered:
• E-Payment
• Identity Management and Access Control
• Time Monitoring
End Users Covered:
• Automotive
• Banking & Finance
• Consumer Electronics
• Government
• Healthcare
• Military & Defense
• Travel & Immigration
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global IRIS Recognition Market, By Product
5.1 Introduction
5.2 Tablets & Notebooks
5.3 Scanners
5.4 Smartphones
5.5 Personal Computers/Laptops
5.6 Wearables
6 Global IRIS Recognition Market, By Component
6.1 Introduction
6.2 Software
6.3 Hardware
7 Global IRIS Recognition Market, By Application
7.1 Introduction
7.2 E-Payment
7.3 Identity Management and Access Control
7.4 Time Monitoring
8 Global IRIS Recognition Market, By End User
8.1 Introduction
8.2 Automotive
8.3 Banking & Finance
8.4 Consumer Electronics
8.5 Government
8.6 Healthcare
8.7 Military & Defense
8.8 Travel & Immigration
8.9 Other End Users
9 Global IRIS Recognition Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Princeton Identity
11.2 NEC Corporation
11.3 Thales Group
11.4 EyeLock LLC
11.5 IriTech, Inc.
11.6 IRIS ID, Inc.
11.7 HID Global
11.8 3M Cogent
11.9 Bioenable Technologies
11.10 Safran
11.11 Smartmatic
11.12 Sri International Inc.
11.13 Crossmatch Technologies Inc.
11.14 DERMALOG Identification Systems GmbH
11.15 Irisguard Inc.
List of Tables
1 Global IRIS Recognition Market Outlook, By Region (2020-2028) ($MN)
2 Global IRIS Recognition Market Outlook, By Product (2020-2028) ($MN)
3 Global IRIS Recognition Market Outlook, By Tablets & Notebooks (2020-2028) ($MN)
4 Global IRIS Recognition Market Outlook, By Scanners (2020-2028) ($MN)
5 Global IRIS Recognition Market Outlook, By Smartphones (2020-2028) ($MN)
6 Global IRIS Recognition Market Outlook, By Personal Computers/Laptops (2020-2028) ($MN)
7 Global IRIS Recognition Market Outlook, By Wearables (2020-2028) ($MN)
8 Global IRIS Recognition Market Outlook, By Component (2020-2028) ($MN)
9 Global IRIS Recognition Market Outlook, By Software (2020-2028) ($MN)
10 Global IRIS Recognition Market Outlook, By Hardware (2020-2028) ($MN)
11 Global IRIS Recognition Market Outlook, By Application (2020-2028) ($MN)
12 Global IRIS Recognition Market Outlook, By E-Payment (2020-2028) ($MN)
13 Global IRIS Recognition Market Outlook, By Identity Management and Access Control (2020-2028) ($MN)
14 Global IRIS Recognition Market Outlook, By Time Monitoring (2020-2028) ($MN)
15 Global IRIS Recognition Market Outlook, By End User (2020-2028) ($MN)
16 Global IRIS Recognition Market Outlook, By Automotive (2020-2028) ($MN)
17 Global IRIS Recognition Market Outlook, By Banking & Finance (2020-2028) ($MN)
18 Global IRIS Recognition Market Outlook, By Consumer Electronics (2020-2028) ($MN)
19 Global IRIS Recognition Market Outlook, By Government (2020-2028) ($MN)
20 Global IRIS Recognition Market Outlook, By Healthcare (2020-2028) ($MN)
21 Global IRIS Recognition Market Outlook, By Military & Defense (2020-2028) ($MN)
22 Global IRIS Recognition Market Outlook, By Travel & Immigration (2020-2028) ($MN)
23 Global IRIS Recognition Market Outlook, By Other End Users (2020-2028) ($MN)
24 North America IRIS Recognition Market Outlook, By Country (2020-2028) ($MN)
25 North America IRIS Recognition Market Outlook, By Product (2020-2028) ($MN)
26 North America IRIS Recognition Market Outlook, By Tablets & Notebooks (2020-2028) ($MN)
27 North America IRIS Recognition Market Outlook, By Scanners (2020-2028) ($MN)
28 North America IRIS Recognition Market Outlook, By Smartphones (2020-2028) ($MN)
29 North America IRIS Recognition Market Outlook, By Personal Computers/Laptops (2020-2028) ($MN)
30 North America IRIS Recognition Market Outlook, By Wearables (2020-2028) ($MN)
31 North America IRIS Recognition Market Outlook, By Component (2020-2028) ($MN)
32 North America IRIS Recognition Market Outlook, By Software (2020-2028) ($MN)
33 North America IRIS Recognition Market Outlook, By Hardware (2020-2028) ($MN)
34 North America IRIS Recognition Market Outlook, By Application (2020-2028) ($MN)
35 North America IRIS Recognition Market Outlook, By E-Payment (2020-2028) ($MN)
36 North America IRIS Recognition Market Outlook, By Identity Management and Access Control (2020-2028) ($MN)
37 North America IRIS Recognition Market Outlook, By Time Monitoring (2020-2028) ($MN)
38 North America IRIS Recognition Market Outlook, By End User (2020-2028) ($MN)
39 North America IRIS Recognition Market Outlook, By Automotive (2020-2028) ($MN)
40 North America IRIS Recognition Market Outlook, By Banking & Finance (2020-2028) ($MN)
41 North America IRIS Recognition Market Outlook, By Consumer Electronics (2020-2028) ($MN)
42 North America IRIS Recognition Market Outlook, By Government (2020-2028) ($MN)
43 North America IRIS Recognition Market Outlook, By Healthcare (2020-2028) ($MN)
44 North America IRIS Recognition Market Outlook, By Military & Defense (2020-2028) ($MN)
45 North America IRIS Recognition Market Outlook, By Travel & Immigration (2020-2028) ($MN)
46 North America IRIS Recognition Market Outlook, By Other End Users (2020-2028) ($MN)
47 Europe IRIS Recognition Market Outlook, By Country (2020-2028) ($MN)
48 Europe IRIS Recognition Market Outlook, By Product (2020-2028) ($MN)
49 Europe IRIS Recognition Market Outlook, By Tablets & Notebooks (2020-2028) ($MN)
50 Europe IRIS Recognition Market Outlook, By Scanners (2020-2028) ($MN)
51 Europe IRIS Recognition Market Outlook, By Smartphones (2020-2028) ($MN)
52 Europe IRIS Recognition Market Outlook, By Personal Computers/Laptops (2020-2028) ($MN)
53 Europe IRIS Recognition Market Outlook, By Wearables (2020-2028) ($MN)
54 Europe IRIS Recognition Market Outlook, By Component (2020-2028) ($MN)
55 Europe IRIS Recognition Market Outlook, By Software (2020-2028) ($MN)
56 Europe IRIS Recognition Market Outlook, By Hardware (2020-2028) ($MN)
57 Europe IRIS Recognition Market Outlook, By Application (2020-2028) ($MN)
58 Europe IRIS Recognition Market Outlook, By E-Payment (2020-2028) ($MN)
59 Europe IRIS Recognition Market Outlook, By Identity Management and Access Control (2020-2028) ($MN)
60 Europe IRIS Recognition Market Outlook, By Time Monitoring (2020-2028) ($MN)
61 Europe IRIS Recognition Market Outlook, By End User (2020-2028) ($MN)
62 Europe IRIS Recognition Market Outlook, By Automotive (2020-2028) ($MN)
63 Europe IRIS Recognition Market Outlook, By Banking & Finance (2020-2028) ($MN)
64 Europe IRIS Recognition Market Outlook, By Consumer Electronics (2020-2028) ($MN)
65 Europe IRIS Recognition Market Outlook, By Government (2020-2028) ($MN)
66 Europe IRIS Recognition Market Outlook, By Healthcare (2020-2028) ($MN)
67 Europe IRIS Recognition Market Outlook, By Military & Defense (2020-2028) ($MN)
68 Europe IRIS Recognition Market Outlook, By Travel & Immigration (2020-2028) ($MN)
69 Europe IRIS Recognition Market Outlook, By Other End Users (2020-2028) ($MN)
70 Asia Pacific IRIS Recognition Market Outlook, By Country (2020-2028) ($MN)
71 Asia Pacific IRIS Recognition Market Outlook, By Product (2020-2028) ($MN)
72 Asia Pacific IRIS Recognition Market Outlook, By Tablets & Notebooks (2020-2028) ($MN)
73 Asia Pacific IRIS Recognition Market Outlook, By Scanners (2020-2028) ($MN)
74 Asia Pacific IRIS Recognition Market Outlook, By Smartphones (2020-2028) ($MN)
75 Asia Pacific IRIS Recognition Market Outlook, By Personal Computers/Laptops (2020-2028) ($MN)
76 Asia Pacific IRIS Recognition Market Outlook, By Wearables (2020-2028) ($MN)
77 Asia Pacific IRIS Recognition Market Outlook, By Component (2020-2028) ($MN)
78 Asia Pacific IRIS Recognition Market Outlook, By Software (2020-2028) ($MN)
79 Asia Pacific IRIS Recognition Market Outlook, By Hardware (2020-2028) ($MN)
80 Asia Pacific IRIS Recognition Market Outlook, By Application (2020-2028) ($MN)
81 Asia Pacific IRIS Recognition Market Outlook, By E-Payment (2020-2028) ($MN)
82 Asia Pacific IRIS Recognition Market Outlook, By Identity Management and Access Control (2020-2028) ($MN)
83 Asia Pacific IRIS Recognition Market Outlook, By Time Monitoring (2020-2028) ($MN)
84 Asia Pacific IRIS Recognition Market Outlook, By End User (2020-2028) ($MN)
85 Asia Pacific IRIS Recognition Market Outlook, By Automotive (2020-2028) ($MN)
86 Asia Pacific IRIS Recognition Market Outlook, By Banking & Finance (2020-2028) ($MN)
87 Asia Pacific IRIS Recognition Market Outlook, By Consumer Electronics (2020-2028) ($MN)
88 Asia Pacific IRIS Recognition Market Outlook, By Government (2020-2028) ($MN)
89 Asia Pacific IRIS Recognition Market Outlook, By Healthcare (2020-2028) ($MN)
90 Asia Pacific IRIS Recognition Market Outlook, By Military & Defense (2020-2028) ($MN)
91 Asia Pacific IRIS Recognition Market Outlook, By Travel & Immigration (2020-2028) ($MN)
92 Asia Pacific IRIS Recognition Market Outlook, By Other End Users (2020-2028) ($MN)
93 South America IRIS Recognition Market Outlook, By Country (2020-2028) ($MN)
94 South America IRIS Recognition Market Outlook, By Product (2020-2028) ($MN)
95 South America IRIS Recognition Market Outlook, By Tablets & Notebooks (2020-2028) ($MN)
96 South America IRIS Recognition Market Outlook, By Scanners (2020-2028) ($MN)
97 South America IRIS Recognition Market Outlook, By Smartphones (2020-2028) ($MN)
98 South America IRIS Recognition Market Outlook, By Personal Computers/Laptops (2020-2028) ($MN)
99 South America IRIS Recognition Market Outlook, By Wearables (2020-2028) ($MN)
100 South America IRIS Recognition Market Outlook, By Component (2020-2028) ($MN)
101 South America IRIS Recognition Market Outlook, By Software (2020-2028) ($MN)
102 South America IRIS Recognition Market Outlook, By Hardware (2020-2028) ($MN)
103 South America IRIS Recognition Market Outlook, By Application (2020-2028) ($MN)
104 South America IRIS Recognition Market Outlook, By E-Payment (2020-2028) ($MN)
105 South America IRIS Recognition Market Outlook, By Identity Management and Access Control (2020-2028) ($MN)
106 South America IRIS Recognition Market Outlook, By Time Monitoring (2020-2028) ($MN)
107 South America IRIS Recognition Market Outlook, By End User (2020-2028) ($MN)
108 South America IRIS Recognition Market Outlook, By Automotive (2020-2028) ($MN)
109 South America IRIS Recognition Market Outlook, By Banking & Finance (2020-2028) ($MN)
110 South America IRIS Recognition Market Outlook, By Consumer Electronics (2020-2028) ($MN)
111 South America IRIS Recognition Market Outlook, By Government (2020-2028) ($MN)
112 South America IRIS Recognition Market Outlook, By Healthcare (2020-2028) ($MN)
113 South America IRIS Recognition Market Outlook, By Military & Defense (2020-2028) ($MN)
114 South America IRIS Recognition Market Outlook, By Travel & Immigration (2020-2028) ($MN)
115 South America IRIS Recognition Market Outlook, By Other End Users (2020-2028) ($MN)
116 Middle East & Africa IRIS Recognition Market Outlook, By Country (2020-2028) ($MN)
117 Middle East & Africa IRIS Recognition Market Outlook, By Product (2020-2028) ($MN)
118 Middle East & Africa IRIS Recognition Market Outlook, By Tablets & Notebooks (2020-2028) ($MN)
119 Middle East & Africa IRIS Recognition Market Outlook, By Scanners (2020-2028) ($MN)
120 Middle East & Africa IRIS Recognition Market Outlook, By Smartphones (2020-2028) ($MN)
121 Middle East & Africa IRIS Recognition Market Outlook, By Personal Computers/Laptops (2020-2028) ($MN)
122 Middle East & Africa IRIS Recognition Market Outlook, By Wearables (2020-2028) ($MN)
123 Middle East & Africa IRIS Recognition Market Outlook, By Component (2020-2028) ($MN)
124 Middle East & Africa IRIS Recognition Market Outlook, By Software (2020-2028) ($MN)
125 Middle East & Africa IRIS Recognition Market Outlook, By Hardware (2020-2028) ($MN)
126 Middle East & Africa IRIS Recognition Market Outlook, By Application (2020-2028) ($MN)
127 Middle East & Africa IRIS Recognition Market Outlook, By E-Payment (2020-2028) ($MN)
128 Middle East & Africa IRIS Recognition Market Outlook, By Identity Management and Access Control (2020-2028) ($MN)
129 Middle East & Africa IRIS Recognition Market Outlook, By Time Monitoring (2020-2028) ($MN)
130 Middle East & Africa IRIS Recognition Market Outlook, By End User (2020-2028) ($MN)
131 Middle East & Africa IRIS Recognition Market Outlook, By Automotive (2020-2028) ($MN)
132 Middle East & Africa IRIS Recognition Market Outlook, By Banking & Finance (2020-2028) ($MN)
133 Middle East & Africa IRIS Recognition Market Outlook, By Consumer Electronics (2020-2028) ($MN)
134 Middle East & Africa IRIS Recognition Market Outlook, By Government (2020-2028) ($MN)
135 Middle East & Africa IRIS Recognition Market Outlook, By Healthcare (2020-2028) ($MN)
136 Middle East & Africa IRIS Recognition Market Outlook, By Military & Defense (2020-2028) ($MN)
137 Middle East & Africa IRIS Recognition Market Outlook, By Travel & Immigration (2020-2028) ($MN)
138 Middle East & Africa IRIS Recognition Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
