Biometric use set to increase with expansion of iris recognition technology
New research points to major developments in global iris recognition, with the market set to grow from this year’s figure of $2.3bn to $4.3bn by 2024.
The upsurge comes as biometrics systems across the world become increasingly relied upon in both private and public sectors.
One of the primary reasons for this rise in demand is the increasing need for surveillance and security, owing to factors such as the rise in terrorist attacks, crime rate, data breaches, and cybercrimes. As iris recognition is one of the most preferred biometric technologies, this factor has also led to the rise in the demand for iris recognition systems.