The automated fingerprint identification system (AFIS) is the biometric technique that stores and analyzes the fingerprint data using digital imaging technology. The increased implementation of AFIS as a secure identification system has created a huge demand for AFIS solutions from various application industries across the world. Moreover, transition from traditional manual process to digital process and growing need for secure and safe transaction procedures coupled with growing online transactions has boosted the growth of this market, globally.
What Drives the Market?
The global market for automated fingerprint identification system is growing at an impressive rate due to the following factors:
- Evolution and transformation from manual to digital process
- Growing need for secure transactions
- Rising demand for integrated AFIS solutions
- Increasing online transactions
- Increased national and network security threats
In addition, high demand for access control systems in government and civil sectors and increasing demand for biometric systems offer potential growth opportunities for this market. Moreover, growth in mobile solutions market is also likely to fuel the growth of AFIS market. However, issues related to inconvenience and fear of privacy and intrusion and availability of substitutes such as Iris and face recognition technologies are likely to act as major obstacles for the growth of this market.
What the Market Looks Like?
The size of the worldwide automated fingerprint identification system market which was expected to be USD 3.28 Billion in 2015 is estimated to reach USD 8.49 Billion by the end of 2020, growing at a CAGR of 21.0% between 2015 and 2020. Among regions, North America is predicted to hold the largest market share and also grow at the highest rate over the forecast period, owing to the presence of large number of biometric vendors. On the other hand, Asia-Pacific is likely to offer potential growth opportunities since there has been a rise in the adoption of AFIS solutions among enterprises and law enforcement agencies.
By component, the AFIS market for software is expected to hold the largest market share and is likely to dominate the market over the forecast period due to the rising demand for integrated AFIS products. Based on application, the government, transportation, and hospitality sectors are likely to play a vital role in changing the landscape of AFIS and are expected to grow at the highest CAGR during the forecast period. On the basis of search type, automated fingerprint identification systems for tenprint searches are projected to govern the market with the highest market share, whereas the latent print searches will grow at a steady CAGR over the forecast period.
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Scope of the Research
The global market for automated fingerprint identification system (AFIS) has been analyzed and forecasted on the basis of following segmentation:
- Component: Hardware (including Fingerprint input modules, microprocessors/microcontrollers, displays, and others), Software
- Search Type: Tenprint to Tenprint Searches, Latent to Latent Searches
- Application: Government, Healthcare, Transportation, Hospitality, Banking & Finance, Others
- Geography: North America, Europe, Asia-Pacific, RoW (including Middle East & Africa and Latin America)
The major giants operating in the global automated fingerprint identification system market include 3M Cogent Inc. (U.S.), Morpho SA (France), NEC Corporation (Japan), Fujitsu Ltd. (Japan), Crossmatch Technologies Ltd. (U.S.), HID Global Corporation (U.S.), M2SYS Technology (U.S.), East Shore Technologies (U.S.), AFIX Technologies Inc. (U.S., Papillon Systems (Russia), Sonda Technologies Ltd. (Russia), Dermalog Identification Systems GmbH (Germany), and Suprema Incorporation (South Korea).
