Automated Fingerprint Identification System Market Scenario:
Automated Fingerprint Identification System (AFIS) Automated Fingerprint Identification System or AFIS is a biometric identification methodology based on the digital imaging technology that can analyze and match fingerprints from the stored database. The System also allows obtaining, uploading and storing the database in real-time. Ideally, the System was conceptualized for law enforcement departments like Police/ Investigation agencies (to help them solve criminal cases) and Immigration & Border Protection. However, AFIS technology evolving vastly placed itself in many government and private entities. Evidently, growing online & offline security concerns worldwide was the key driving force behind the growth of Automated Fingerprint Identification System.
Some of the prominent areas of application of AFIS include General identification and fraud prevention, ID registries, e-passports, biometric visas, digitized driver’s licenses, and electronic voter registration and election management. Augmented penetration of internet ensured upsurge demand for online transaction prompting the need for AFIS (biometric identification) for authentication purposes. Telecommunication sector is second largest adopter (after Govt.entities) of Automated Fingerprint Identification Systems worldwide.
Wide adoption of this technology to ensure security is the key factor that allows the AFIS market to garner exponential traction on the global platform.
Acknowledging the kind of accruals the market is gaining currently demonstrating the growth prospects worldwide, Market Research Future has recently published a study report giving out the complete market insight up to 2022. Automated Fingerprint Identification System MarketThis study report indicates that the global Automated Fingerprint Identification Systems Market will accrue USD 13 billion by 2022 registering a whooping double digit CAGR of ~22% during 2017-2022.
Augmented demand for AFIS across government sectors (eGovernance usages) is boosting the market growth. Factors such as spurting digitization, usage of internet coupled with the trend of digital database management systems fuel the growth of the AFIS market. Rising security concerns in banking activities is one of the key market growth propellers. Wide penetration of smart phone contributes the AFIS market growth to an extent.
Despite ensuring a wide uptake, the AFIS still lack substantial technological breakthroughs – one among these is – accuracy of these systems is determined for consideration up to 30-40% remaining highly dependent on the skills of technicians.. This major drawback restricts its market growth. However, the expected technological advancements in the recent future give some relief promising a good fortune for the global Automated Fingerprint Identification Systems Market.
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Major Key Players:
- 3M Cogent, Inc. (U.S.)
- Safran Identity & Security (U.S.)
- NEC Corporation (Japan)
- M2SYS Technology (U.S.)
- Afix Technologies Inc (U.S.)
- Biometrics4ALL (U.S.)
- Fujitsu (Japan)
- Cross Match Technologies, Inc. (U.S.)
- HID Global Corporation (U.S.)
- M2SYS Technology (U.S.)
Automated Fingerprint Identification System Global Market Regional Analysis:
North America has dominated the Automated Fingerprint Identification System market in 2016. The technology advancement, and rising adoption of automated finger print systems for criminal investigations and fraud detection by law enforcement agencies in U.S. and Canada. Europe on the other hand, is expected to grow with significant growth rate during forecast period 2016-2022.
The countries such as The U.K, and Italy has adopted fingerprint systems to increase the safety in financial and education institutes and used by law enforcement agencies for crime investigations. Asia-Pacific is expected to grow with highest CAGR during the forecast period. Increasing adoption of biometric systems by enterprises to monitor the regular activities of their employees. Government bodies of countries such as China, India, and South Korea has also adopted fingerprint identification system to increase the security in their premises. These factors are expected to drive the market in Asia-Pacific region during forecast period 2016-2022.
Automated Fingerprint Identification System Global Market Segmentation:
The Automated Fingerprint Identification System Market can be classified into 4 key segments as follows:
- Segmentation by Type: Latent searches, and Ten-print searches
- Segmentation by Component: Hardware (Sensors, microcontrollers, and displays) and Software
- Segmentation by End-User: Hospitality, Government, Transportation, BFSI, Healthcare, and Education.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued….
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List of Tables
Table 1 Global Automated Fingerprint Identification System Market, By Component
Table 2 Global Automated Fingerprint Identification System Market, By Type
Table 3 Global Automated Fingerprint Identification System Market, By End-Users
Continued….
List of Figures
Figure 1 Research Component
Figure 2 Global Automated Fingerprint Identification System Market, By Component (%)
Figure 3 Global Automated Fingerprint Identification System Market, By Type (%)
Continued….
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