There is a need for advanced levels of security in various sectors such as Financial, Government, Transportation, Healthcare, and Defense because they handle very sensitive and confidential data. Theft of any critical data from the Government sector could endanger the national security. Likewise, the Transportation sector deals with border safety, which requires a high level of security to avoid unauthorized intrusions.
Also, the Healthcare sector deals with bio-chemicals and lab research data that need to be protected against theft and terrorist attacks. Strong security measures such as iris recognition are therefore the need of the hour in these sectors. The uniqueness of irises helps provide a higher level of security than other authentication solutions.
This increased need for security, as well as the three factors mentioned below, are helping to fuel Global Iris Recognition Market growth at a CAGR of 23.5 percent from 2014-2019.
Increased Threat of Unauthorized Intrusions
The increased threat of terrorism has compelled countries to improve their security infrastructure. With the increase in terrorist attacks worldwide, advanced security at airports is mandatory. Thousands of passengers are traveling on a daily basis, and tracking each one is a challenge. To deal with the increase in unauthorized intrusions, iris recognition software is being deployed at airports.
Iris recognition systems screen travelers at airports and match their identities against the database of terrorists stored in their systems. In the case of a match, the security agencies at the airport receive an alert, thereby mitigating any possible attacks. This also eliminates the need for displaying passports at security checks.
Increased Need to Reduce Identity Duplication
With the advances in technology, the number of frauds and forgeries has seen a rise. To counter these fraudulent activities, there is an urgent need for a solution that is difficult to duplicate. Because iris recognition technology uses the irises of eyes, it provides a high level of accuracy and thus is difficult to forge, duplicate, or misuse.
Therefore, adoption of iris recognition systems can reduce the chances of data theft or identity duplication. This is driving many governments and private authorities to adopt iris recognition systems.
Increased Use in Law Enforcement
Because iris recognition systems use the unique patterns of irises to identify individuals, they are considered to be highly accurate. Therefore, they enable law enforcement agencies to maintain a high level of accuracy in their investigations.
For instance, Iris on the Move, which is a mobile biometric system, is used by traffic police for enforcing road safety. This increased usage of iris recognition systems by law enforcement agencies is supporting the growth of the Global Iris Recognition market.
