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Abstract, Snapshot, Market Analysis & Market Definition: Global Automated Fingerprint Identification System Market The global Automated Fingerprint Identification System (AFIS) market size was valued at USD 3.26 billion in 2017. It is expected to expand at a CAGR exceeding 18.4% from 2018 to 2025. The market has witnessed considerable growth over the past few years owing to the advantages of AFIS technology, such as the high level of security in commercial, private, and public sectors. It helps minimize frauds and security breaches better than traditional methods such as passwords and tokens. Increasing crime rate is expected to drive the demand for AFIS technology in the law enforcement application for the identification of criminals. The technology is used to search a set of known or latent fingerprints from the crime scene and compare them with a database of existing fingerprints. AFIS is an effective process of searching, classifying, and matching fingerprints than traditional identification methods. This, in turn, is expected to propel the growth of the market. AFIS uses digital imaging technology to capture and store fingerprints that can be then compared with the database records to help identify an individual. The technological evolution and transformation from the manual to the digital identification process, which provides more accurate results, is expected to drive the demand for the technology over the forecast period. Increasing demand for integrated AFIS solutions and adoption of mobile payment solutions across the globe are expected to propel the market growth. In addition, rising security threats, demand for integrated solutions, and growth in online transactions are expected to boost market growth. However, availability of substitute identification techniques such as a face, voice, and iris identification and authentication is expected to hamper growth of the automated fingerprint identification system market over the forecast period. Furthermore, problems associated with feature extraction and matching techniques and faulty sensors as well as other challenges, such as the inability to capture and compare fingerprint patterns because of distorted fingerprint patterns are expected to restrict the growth to a certain extent. Market Segmentation, Outlook & Viewpoint: Global Automated Fingerprint Identification System Market Component Market Segmentation & Outlook (Revenue, USD Million; 2014 - 2025) Hardware Software Service End-use Market Segmentation & Outlook (Revenue, USD Million; 2014 - 2025) Banking & Finance Consumer Electronics Defense & Security Government Healthcare Transport/Logistics Others Key Players, Recent Developments & Regional Insights: Global Automated Fingerprint Identification System Market The government segment dominated the market owing to rising adoption of AFIS to ensure unique identity for an individual that helps eliminate issues such as identity theft or false identity. Increasing adoption of advanced authentication and recognition systems in smartphones and tablets is expected to drive the demand from consumer electronics segment. The BFSI segment is expected to register significant growth over the forecast period. This growth can be attributed to the increasing adoption of AFIS technology to facilitate secure financial transactions. For instance, in April 2015, Standard Bank introduced fingerprint authentication technology for mobile banking for customers who use mobile phones or tablets enabled with fingerprint access control. In 2013, Bank of America filed a patent application for biometric ATMs that would use a combination of a pin code and fingerprint biometrics for cash deposit and withdrawal. Component Insights The software segment is projected to dominate the market over the forecast period. This can be attributed to rising demand for integrated AFIS products for individual or criminal identification. Furthermore, automated fingerprint identification system providers are focusing on developing high-performance and standard-compliant systems with full modularity, which allow users to get a solution tailored to the specific business processes efficiently. Introduction of open architecture platform based on AFIS which allows users to choose components based on their business needs to develop a customized identity management solution. This is expected to drive demand for the software segment over the forecast period. Development of advanced authentication security solutions that allows enterprises to integrate authentication solution into an existing application and eliminate hardware costing is further expected to drive demand. Regional Insights North America dominated the Automated Fingerprint Identification System (AFIS) market in terms of revenue with a market size of USD 1.09 billion in 2017. This trend is projected to continue over the forecast period attributed to early adoption of the technology and the presence of major AFIS vendors in the region. In addition, growing adoption by BFSI, retail, and education sectors is expected to drive the market growth. North America is mainly driven by law enforcement agencies, such as the Federal Bureau of Prisons, U.S. Customs and Border Protection (CBP), and Federal Bureau of Investigation (FBI), among other prominent end users of AFIS technology for criminal identification. The Asia Pacific AFIS market is expected to witness significant growth over the forecast period. This growth can be attributed to rise in government initiatives to create personal tax ID, unique identity number, and e-passport, among others, based on biometric information such as fingerprint, iris, and face recognition. Moreover, governments are focusing on the deployment of biometric solutions at airports and for border control to boost the security level. This, in turn, is expected to drive the demand over the forecast period. Automated Fingerprint Identification System (AFIS) Market Share Insights The key market players include Gemalto NV; NEC Corporation; Crossmatch; IDEMIA; Dermalog Identification Systems GmbH; SUPREMA; Fujitsu Limited; Sonda Technologies; HID Global Corporation; Papillon Systems; East Shore Technologies, Inc.; and AFIX Technologies. In April 2018, SUPREMA launched BioLite N2 at ISC West 2018, a security and safety exhibition in Las Vegas, Nevada. BioLite N2 was designed for time and attendance applications and enterprise access control systems. It features a 1.2 GHz CPU, 4 GB memory, and IP67-compliant weatherproof design. AFIS providers are adopting various strategies such as mergers and acquisitions, new product/solution development, and collaborations. For instance, in June 2018, Crossmatch announced a strategic partnership with Accordant Technology, Inc. to offer advanced authentication solutions to enterprise customers. Through this partnership, Accordant Technology, Ltd. would be an authorized seller of Crossmatch’s DigitalPersona software. Key Insights Covered: Global Automated Fingerprint Identification System Market 1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Automated Fingerprint Identification System industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Automated Fingerprint Identification System industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Automated Fingerprint Identification System industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Automated Fingerprint Identification System industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Automated Fingerprint Identification System industry. Research Methodology: Global Automated Fingerprint Identification System Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data SourcesChapter 2 Executive Summary 2.1 Automated Fingerprint Identification System (AFIS) Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2 Global Automated Fingerprint Identification System (AFIS) Market, 2014 - 2025 2.2.1 Global Automated Fingerprint Identification System (AFIS) market, by region, 2014 - 2025 2.2.2 Global Automated Fingerprint Identification System (AFIS) market, by component, 2014 - 2025 2.2.3 Global Automated Fingerprint | read more...