The article cited AMA's Europe Iris Recognition Market Study explored significant growth with CAGR of 18.29%. According to the report, Increasing Adoption of Aris Recognition in Developing Secure ID Proves is one of the primary growth factors for the market. Growing Adoption of E-Passport Programs which requires Iris Recognition is also expected to contribute significantly to the Iris Recognition market. Overall, Access Control applications of Iris Recognition, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Europe Iris Recognition Market identified that the demand is rising in many different parts of the world due to "Favorable Government Initiatives in Iris Recognition System Development ". Furthermore, some recent industry insights like "In March 22, 2019, Safran Electronics & Defense Australasia Pty Ltd (SEDA) has been awarded a contract by the Australian Defence Force (ADF) to provide in-service support to the Royal Australian Navy's Infrared Search and Track (IRST) VAMPIR systems. Under the VAMPIR support contract, Safran Electronics & Defense Australasia Pty Ltd will allocate most of the work in Australia, including full support and maintenance for the defense platforms, engineering management, strategic procurement, and inventory management." is constantly making the industry dynamic. One of the challenges that industry facing is "Availability of Alternative Cheaper Biometric Systems and Upsurging Cost for Highly Automated Sensors"

The End Use Industry, such as Consumer Electronics, is boosting the Iris Recognition market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Component, such as Hardware, is boosting the Iris Recognition market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Europe Iris Recognition market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Iris Recognition market and other related sub-markets covered in the study.

o Key & emerging players in the Iris Recognition market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Iris Recognition market size is calculated using market estimation process, the Iris Recognition market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Europe Iris Recognition market size has been validated using both top-down and bottom-up approaches.