AFIS (Automated Fingerprint Identification System) market is expected to reach USD 13 billion by the end of 2022 with ~22% CAGR during forecast period 2017-2022
Automated Fingerprint Identification System is basically a process by which individual’s fingerprint is captured and stored in a digital manner. This software is widely used by various law agencies for criminal investigation ad to enhance security. Automated fingerprint identification system is used by organizations to let employees log in or logout at their workplace.
The factors driving the market are technological change from manual to digital process, increasing awareness of security and rising use of AFSI by the banking & finance sector for secure transactions. Whereas, availability of substitutes such as face recognition technologies and issues related to privacy are affecting the growth of the automated fingerprint identification market.
Mobile solutions accounted for the largest market share because of increasing demand for mobile payment through AFSI and using fingerprint for e-transaction which is contributing to the growth of the automated fingerprint identification system market.
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Scope of the Report
- Latent Searches
- Ten-print Searches
The key players in the global AFIS (Automated Fingerprint Identification System) market include 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.) and others.
North-America accounted for the largest market share because of the change in technology advancements and use of ten print searches in sectors such as healthcare and transportation are boosting the growth of the market in this region. Also, Asia-Pacific is expected to grow over the forecast period, 2016-2022 mainly due to rising infrastructure in the emerging economies.
List of Tables
1 Market Introduction
2 Research Methodology
3 Market Dynamics
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Global Security Solutions Market, By Segments
6.2 Market Statistics
6.2.1 by Component
6.2.2 by Type
6.2.3 by End-Users
6.2.4 by Geography
7 Competitive Analysis
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