Automated Fingerprint Identification System Market:
Growth opportunities in the Automated Fingerprint Identification System Market look promising over the next six years. This is mainly due to their help which helps in general identification and fraud prevention by comparing fingerprints and arresting criminals.
Automated Fingerprint Identification System (Afis) Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The automated fingerprint identification system market is forecasted to experience a significant demand in the near future. The major reason behind this stimulating prominence is their features, such as a better level of safety in private, commercial, and public sectors. In addition, it assists in mitigating security violations and frauds better than traditional methods, including tokens and passwords. Furthermore, the growing acquisition of these systems by law administrations to identify criminals due to the accelerating crime rate has strengthened the automated fingerprint identification system market size.
In addition, it is a more efficient technique to classify, search, and match fingerprints than another conventional identification method. The surging demand for integrated AFIS solutions and the rising penetration of mobile payment solutions worldwide are some other factors driving the market growth. Moreover, the technological expansion from manual to digital identification techniques that offer more accurate results will propel the automated fingerprint identification system market share.
However, the accessibility of substitutes of identification techniques, including voice, face, and iris identification and authentication, will hinder the market share. In addition, various difficulties associated with feature extrication, faulty sensors, matching techniques, and challenges like the inability to seize and compare fingerprint patterns due to disturbing patterns will restrain the market growth.
Regional Drivers
Based on the regional coverage, North America is projected to witness a higher CAGR over the forecast period. It is primarily because of the early endorsement of the AFIS technology and the prevalence of leading market players, which include 3M Cogent Inc., HID Global Corporation, and M2SYS Technology. Moreover, their aggravating implementation by BFSI, government, and retail sectors further drive the market growth. The extensive usage of this system by law enforcement agencies like U.S. Customs and Border Protection (CBP), the Federal Bureau of Investigation (FBI), and the Federal Bureau of Prisons will propel the market share.
Automated Fingerprint Identification System (Afis) Market’s leading Manufacturers:
- Papillon Systems
- M2SYS Technology
- HID Global Corporation
- SUPREMA
- NEC Corporation
- DERMALOG Identification Systems GmbH
- Sonda
- FUJITSU
- IDEMIA
- 3M Cogent Inc.
Automated Fingerprint Identification System (Afis) Market Segmentation:
Segmentation by Component
- Hardware
- Fingerprint Input Modules
- Microprocessors/Microcontrollers
- Displays
- Others
- Software
- Matchers
- Database Fingerprints
Segmentation by Search Type
- Ten-print to Ten-print Search
- Latent Print to Latent Print Search
- Others
Segmentation by End-Use Industry
- Banking & Finance
- Government
- Hospitality
- Healthcare
- Transportation
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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