Automated Fingerprint Identification System Market Report

Automated Fingerprint Identification System Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2016 To 2024

Format: PDF  |  Report ID: 867

The global automated fingerprint identification system market is expected to witness substantial growth on account of rising demand for advanced security systems across various business domains. The automated fingerprint identification system is a biometric identification technology which is used for obtaining, storing, and analyzing fingerprint data utilizing digital imaging technology which is used for authentication. Furthermore, rising demand for integrated automated fingerprint identification system solutions and increasing adoption of mobile payment solutions is expected to propel growth over the forecast period. Increasing demand for integrated AFIS solutions, increasing online transactions, increased national and network security threats are some of the reasons the market will flourish in the coming years. However, issues such as performance deterioration over time leading to inaccurate detection of fingerprints are expected to hamper growth. Also, fear of intrusion of privacy and availability of subtitutes such as iris and face recognition technologies are likely to act as major obstacles impacting growth.

The market is segmented by hardware components into fingerprint input modules, displays, microprocessors/microcontrollers, others & different types of software. Fingerprint input modules include scanning the entire palm or any one of the fingers and the way this input is processed and recognized by the system.

The industry is segmented by application into governments, financial institutions, and investment communities, system integrators, analysts and strategic business planners, semiconductor foundries, biometric product manufacturers, software vendors

The growing investments in the government and banking & finance sectors to support e-governance and secure transactions are likely to drive growth over the projected period. The market is expected to witness significant demand from law enforcement application due to rising need to digitize criminal records. Furthermore, integration of this technology for law enforcement purposes in mobile devices is accelerating due to abundant cellular phone users across different sectors such as healthcare, government, private businesses, banks and other financial institutions and transportation. As a result, it increases the computing power for speedy as well as accurate detection of fingerprints using a variety of algorithms. In addition, mobile biometrics can be used to identify individuals in some locations such as prisons, patrol vehicles, booking stations, and battlefields.

Cloud-based AFIS technology uses cloud services through a web-based user interface, which can either be a browser or mobile application. The technology includes a server consisting a biometric template database for data processing credentials during the individual's identification and verification.

Mobile payment solution is going to play a key role in the automated fingerprint identification system market. The increasing preference for mobile payments would help to drive the AFIS market to ensure safe transactions replacing password protection as a safety tool. The use of fingerprint identification is likely to augment security in e-transactions which in turn is expected to witness substantial growth over the forecast period.

The transportation and government sectors accounted for a majority share in the industry in 2015. This trend is anticipated to continue over the forecast period owing to increasing use of the technology in e-governance applications. In addition, rising use of AFIS by the law enforcement agencies is expected to drive growth over the next seven years.

The industry is segmented by search type into tenprint to tenprint searches & latent to latent searches. The use of tenprint searches in sectors such as hospitality, healthcare, and transportation is fuelling the growth of the tenprint search AFIS market. Latent print searches are expected to grow significantly over the next few years owing to increasing demand from various end-user applications.

North America is expected to account for the largest market share among other regions between 2016 and 2024 due to the presence of several competitors in the region. The North American AFIS market offers various opportunities in sectors including law enforcement agencies including Federal Bureau of Investigation (FBI), using AFISs for criminal investigations.

APAC is a key market with substantial growth opportunities owing to increasing demand among enterprises using automated fingerprint identification system solutions to secure their infrastructure. Rising infrastructure expansion in major emerging economies of the world is expected to have a positive impact on market growth.

The key competitors in the industry include Morpho SA, 3M Cogent Inc., NEC Corporation, Fujitsu Limited, Suprema Incorporation, Crossmatch Technologies Inc, HID Global Corporation, Sonda Technologies Ltd., Dermalog Identification Systems Gmbh, M2sys Technology, Papillon Systems, East Shore Technologies, and Afix Technologies Incorporation.

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