Automated Fingerprint Identification System Market Synopsis:
Market Research Future (MRFR)’s assessment report suggests that the global AFIS (Automated Fingerprint Identification System) market is expected to expand at 22% CAGR during the projection period 2017 to 2022. Also, the report underscores that the global market’s valuation is likely to reach USD 13 Bn towards the end of 2022. The developments in sensor technology are leading the expansion of the market. In addition, the threats posed by security breaches are expected to boost the growth trajectory of the market over the next couple of years.
AFIS assures better security than traditional systems of tokens and passwords. Data theft is a grave concern in the corporate world which has been prognosticated to catalyze the growth of the AFIS (Automated Fingerprint Identification System) market in the years to come. The market has gained much popularity in the past few years and has been forecasted to gain further momentum across the review period. The increasing rate of crime has paved the way across residential applications. Rapid urbanization is anticipated to catapult the AFIS (Automated Fingerprint Identification System) Market on an upward trajectory.
The technology has been accepted well enough by government organizations for keeping records and criminal recognition. Thus, the AFIS (Automated Fingerprint Identification System) market is presumed to witness a boom over the assessment period. However, the availability of alternative technology for identification such as iris, voice, etc. remains an impediment to market growth.
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Competitive Dashboard:
Some of the major players of the AFIS (Automated Fingerprint Identification System) market are 3M Cogent, Inc. (U.S.), NEC Corporation (Japan), Safran Identity & Security (U.S.), M2SYS Technology (U.S.), Biometrics4ALL (U.S.), Fujitsu (Japan), Afix Technologies Inc (U.S.), Cross Match Technologies, Inc. (U.S.), M2SYS Technology (U.S.), and HID Global Corporation (U.S.).
Market Segmentation:
- By component, the global AFIS (Automated Fingerprint Identification System) market has been segmented into hardware and software.
- By type, the AFIS (Automated Fingerprint Identification System) market has been segmented into latent searches and ten-print searches.
- By end-user, the global AFIS (Automated Fingerprint Identification System) market has been segmented into healthcare, BFSI, government, transportation, hospitality, education, and others.
Regional Analysis:
By region, the global AFIS (Automated Fingerprint Identification System) market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to account for the lion’s share of the global market owing to the rapid technological innovations and their quick adoption by the end-users.
Also, the boom witnessed in the end-user industries is projected to have a favorable impact on the growth of the AFIS (Automated Fingerprint Identification System) market over the assessment period. The region houses most of the major global leaders which is likely to augment the market in the forthcoming years.
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Industry News:
In March 2019, Gemalto, an international digital security company, has announced the acquisition of Green Bit for providing automated fingerprint identification system (AFIS) services.
In March 2019, General Interface Solution (GIS), a professional supplier of integrated solutions to touch display, has announced its plan of shipping in-display fingerprint sensors from the second quarter of 2019 to Samsung Electronics Co., Ltd., a South Korean multinational electronics company.
In March 2019, Feitian Technologies Co., Ltd. a provider of security devices and solutions, has unveiled a new “all-in-one” card solution known as “Fingerprint Power Card” featuring biometric authentication ability that uses built-in fingerprint sensor.
In March 2019, NEXT Biometrics, a provider of flexible fingerprint sensor chipset and modules, has been selected as the supplier of AADHAR-certified fingerprint readers to India’s Maharashtra Department Of Agriculture. It will be used for a project on Climate Resilient Agriculture (POCRA) funded by the World Bank.
Intended Audience:
- Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Software Developers
- Vendors
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
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
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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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