North America Iris Scanning System Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
In recent years, the North American iris scanning system market has experienced significant growth, driven by the increasing demand for secure and reliable biometric authentication across various industries. Iris recognition technology offers a high level of accuracy by analyzing the unique patterns in an individual's iris, making it a preferred choice for identity verification.
One notable application of iris scanning systems is in border security and immigration control. For instance, since 2011, Google has implemented iris scanners to manage access to their data centers, ensuring that only authorized personnel can enter sensitive areas. Similarly, in 2010, Leon, Mexico, deployed iris scanners in public spaces capable of identifying up to fifty individuals simultaneously, enhancing public safety and security.
The financial sector has also embraced iris recognition technology to combat fraud and enhance customer authentication. In 1999, Bank United of Texas became the first bank North Americaly to introduce iris recognition ATMs, allowing customers to access their accounts securely without the need for cards or PINs. This innovation has paved the way for other financial institutions to explore biometric solutions for secure transactions.
Healthcare is another industry benefiting from iris scanning systems. Accurate patient identification is crucial to prevent medical errors and ensure proper treatment. M2SYS Technology has implemented their RightPatient biometric patient identification system using iris recognition at 11 Novant Health hospitals in the Charlotte and Winston-Salem markets, streamlining patient verification processes and improving overall healthcare delivery.
In the realm of consumer electronics and virtual reality, iris recognition is gaining traction for user authentication. Augmented and virtual reality applications often require access to sensitive information, necessitating strict access control. Research has demonstrated the feasibility of integrating iris recognition within head-mounted displays for continuous user authentication, enhancing security in immersive environments.
Despite its advantages, the adoption of iris scanning systems faces challenges, including privacy concerns and the need for robust data protection measures. Ensuring that biometric data is securely stored and processed is paramount to gaining public trust and meeting regulatory requirements. As the technology continues to evolve, addressing these concerns will be essential for the widespread acceptance and implementation of iris recognition systems across various sectors in North America.
North America Iris Scanning System Market
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Thales
IDEMIA
NEC Corporation
CMI Tech
HID North America
eyeLock
IrisGuard
IriTech
Inc.
Iris ID
Princeton Identity
Unisys
BioEnable
4G Identity Solutions
BI2 Technologies
Aware
Inc.
Mantra
Dermalog
SRI International
M2SYS Technology
BioID
Tascent
Aditech
BioLink Solutions
Pixsur Smart Technology
Anviz
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Iris Scanning System Market
Smartphones
Wearables
Tablets & Notebooks
Scanners
Others
Based on Types the Market is categorized into Below types that held the largest Iris Scanning System market share In 2023.
Hardware
Software
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Iris Scanning System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Iris Scanning System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Iris Scanning System Market, By Type
6. North America Iris Scanning System Market, By Application
7. North America Iris Scanning System Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Iris Scanning System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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