The Iris Recognition Market size has witnessed consistent growth due to the increasing use of biometric verification across industries. The market was valued at USD 4.04 billion in 2024 and is anticipated to reach USD 17.21 billion by 2035, achieving a CAGR of 10.9%. The increasing adoption of digital security systems, combined with AI-enhanced iris scanning, is redefining how businesses and governments authenticate users. With its non-intrusive and high-accuracy capabilities, iris recognition outperforms other biometric methods such as facial or fingerprint recognition, especially in environments requiring stringent identity validation. The growing integration of this technology into mobile devices, ATMs, and surveillance systems has further driven market size expansion. The healthcare and financial sectors are expected to remain among the top adopters, while education and transportation sectors are emerging markets. Moreover, the shift toward cloud-based biometric platforms allows for centralized data management, enhancing both scalability and security.
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