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Home / India News / 2007 / February / February 13, 2007
Large Scale Government Deployment on a Global Basis Spurring Growth in Iris Recognition Technology Sector

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Large Scale Government Deployment on a Global Basis Spurring Growth in Iris Recognition Technology Sector

Mumbai, Maharashtra, India

The ever-increasing need for security globally in combination with the mounting need for 1:N authentication has enabled iris recognition technology to gain a strong foothold in the security markets. Moreover, the falling prices of iris cameras in combination with the unique use of multimodal iris cameras are aiding its escalating deployment.

New analysis from Frost & Sullivan (http://www.autoid.frost.com), World Iris Recognition Biometrics Market, reveals that the market earned revenues of $31.4 million in 2005 and estimates this to reach $313.3 million in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the World Iris Recognition Biometrics Market, then send an e-mail to Ravinder Kaur & Nimisha Iyer, Corporate Communications, at ravinder.kaur@frost.com / niyer@frost.com with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

Wider deployment of iris recognition technologies expects to result in a fall in prices. Furthermore, prices of cameras have been decreasing following a recent boost in research and development (R&D), facilitating smaller cameras with higher processing speeds. Another factor promoting iris recognition technology is end-user preference as it is viewed as non-intrusive and more hygienic due to its non-contact nature.

"One of the most important events to occur in the iris recognition biometric market to date is expiration of the Flom Patent. This has encouraged new entrants into the market," says Frost & Sullivan Industry Analyst Sapna Capoor. "High accuracy levels for one-to-many authentication for large-scale applications provided iris recognition technologies a distinct competitive advantage, in particular in the government sphere."

Iris recognition technology is suitable right from high security applications to restricted access sites across industries. However, the most significant impact is being witnessed in the government vertical. Iris recognition biometrics is the most suitable for 1:N authentication, and as a result, the government vertical prefers utilizing it for border control management. The increasing need for tighter border and immigration control throughout the world, and the realization of projects such as expedited passenger processing globally expects to spur revenue growth in this marketplace.

"Nonetheless, a key project based on government subsidies, conducted in Andhra Pradesh, India, has set the precedence for the adoption of iris technology for government and law enforcement applications," elaborates Capoor. "The aim of the project is to use iris recognition biometrics to control and manage the distribution of subsidized food and affordable housing to eligible individuals."

With Europe dominating the global arena of the iris recognition biometrics market, increased implementation in North America is likely to change market leadership dynamics. However, the Middle East and Asia Pacific regions are also fast catching up to ensure a positive outlook for this market.

The World Iris Recognition Biometrics Market is part of the AutoID and Security Growth Partnership Service, which includes research services in the following geographic sectors: North America, EMEA, Asia Pacific and Latin America. Information on application segments such as physical access control/ time and attendance, PC/network security, government and law enforcement, and transactional authentication are also provided. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.

World Iris Recognition Biometrics Market
6029

Ravinder Kaur, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 (044) 4204 4515 ravinder.kaur@frost.com

Nimisha Iyer, Corporate Communications, South Asia and Middle East, Frost & Sullivan, + 91 (022) 4001 3431 niyer@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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