Iris recognition is the most accurate biometric modality available in the market today, scanning more than 250 signature points to collect data from a source while competing systems scan less than a 100, according to a report from Frost & Sullivan. But questions remain on the technology’s ability to succeed in the face of the rising popularity of fingerprint recognition solutions, the report says.

The study finds that the market earned revenues of $142.9 million in 2014 and estimates this will reach $167.9 million in 2019. Iris recognition will make gains in the hospitality, healthcare and finance sectors over the long term as prices decline, the firm says.

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