Automated Fingerprint Identification System (AFIS) Market Size, Share, Report, Analysis, Trends & Forecast to 2026
Jan 2, 2019
According to Stratistics MRC, the Global Automated Fingerprint Identification System (AFIS) Market is accounted for $5.79 billion in 2017 and is expected to reach $26.55 billion by 2026 growing at a CAGR of 18.4% during the forecast period.
Gaithersburg, Maryland, United States - January 2, 2019 /MarketersMedia/ —
Some of the key factors such as increasing demand technological advancements growing investments in the government sector, growing adoption of mobile payment solutions and growth in online transactions are driving the market growth. However, iris identification and authentication and performance deterioration for inaccurate detection of fingerprint are some of the factors hindering the market growth.
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The Automated Fingerprint Identification System is a biometric categorization method that uses digital imaging information. It is majorly used by law organization agencies to compare fingerprints and capture criminals. As digital technology progresses, fingerprinting is increasingly being used as a fraud prevention measure. It has been used in large-scale community identifications, the chief reason of which is to prevent multiple enrollments in an electoral. AFIS is gaining popularity as a method used to identify individual user logons.
By End User, government segment witnessed steady growth during the forecast period owing to increase adoption of unique identity for an individual that helps eliminate issues such as identity theft or false identity. Based on geography, Asia Pacific region is expected to register the highest market growth rate during the forecast period due to increasing focus of governments towards the deployment of biometric solutions at airports and for border control to boost the security level.
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Some of the key players profiled in the Automated Fingerprint Identification System (AFIS) Market include 3M Cogent Inc., Afix Technologies Incorporation , Crossmatch Technologies Inc., Dermalog Identification Systems Gmbh, East Shore Technologies, Fujitsu Limited, Gemalto NV, HID Global Corporation, IDEMIA, M2sys Technology, Morpho SA, NEC Corporation, Papillon Systems, Sonda Technologies Ltd. and Suprema Incorporation.
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Search Types Covered:
• Latent Print to Latent Print Search
• Tenprint to Tenprint Search
• Other Search Types
Components Covered:
• Service
• Hardware
• Software
Products Covered:
• Single Modal Automated Fingerprint Identification Systems (AFIS)
• Multi Modal Automated Fingerprint Identification Systems (AFIS)
End Users Covered:
• Government
• Banking, Financial Services and Insurance (BFSI)
• Consumer Electronics
• Defense & Security
• Education
• Healthcare
• Hospitality
• Retail
• Transport/Logistics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com
Source: MarketersMedia
Release ID: 465114
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