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Automated Fingerprint Identification System Market to Witness Huge Growth by 2021: Key Players - NEC Corporation, Fujitsu Limited, Suprema Incorporation, Crossmatch Technologies Inc., Sonda Technologies, 3M Cogent Inc. and Morpho SA

10-10-2018 11:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Cosmos

/ PR Agency: Research Cosmos
Automated Fingerprint Identification System Market

Automated Fingerprint Identification System Market

Automated Fingerprint Identification System Market Overview:
An automated fingerprint identification system is used to obtain, protect and analyse fingerprints. Traditionally, this system has been used mainly in law enforcement units. The system is widely used to detect criminals. An automated fingerprint identification system is used to attach the fingerprints of a suspect to the database. This procedure is useful for analysing a criminal case. However, the use of this system recently gained momentum in a variety of commercial entities due to the growing emphasis on security.

Automated Fingerprint Identification System Market was valued at USD XX million in 2017 and expected to reach USD XX million by 2021 growing at a CAGR of XX% during the forecast period 2017 to 2021.

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Drivers and Restraints:
The automatic fingerprint identification system is used for biometric identification, which is also used for authentication purposes. The demand for online transactions has increased with the arrival of the Internet. This raises the need for an automated fingerprint identification system. An automated fingerprint identification system solution and a mobile payment solution should boost the market for the automatic fingerprint identification system during the forecast period. The demand for an integrated system of automatic identification of fingerprints has increased due to the proliferation of cyber threats at the national and international levels. This, in turn, should stimulate the market during the forecast period. However, this system suffers from a lack of performance. Provides inaccurate fingerprints due to mechanical or other defects. It is estimated that this will hamper the market during the forecast period. The threat of intrusion into privacy should create barriers to market growth during the forecast period. A lot of substitutes like the facial recognition system are available in the market. It is expected that the growing demand for alternative biometric systems will affect the market for the automatic fingerprint identification system during the forecast period. The growing trend towards digitalization and the transformation of the manual process into the digital process is fuelling the market for the automated fingerprint identification system. It is expected that the increasing trend of increasing use of digital database management systems creates new opportunities for growth and growth of the fuel market during the forecast period.

Geographic Insights:
Depending on the region, the Automated Fingerprint Identification System Market can be categorized in Europe, North America, Middle East and Africa, Asia-Pacific, and Latin America. North America accounted for the majority of the market for automated fingerprint identification systems during the forecast period. The automated fingerprint identification system is widely used by law enforcement agencies, government offices, health care centres and other commercial offices in the region. Asia-Pacific is expected to become a growing region of the market for automated fingerprint identification systems due to a higher proportion of government operations and the growing number of criminal incidents.

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Key Players of Automated Fingerprint Identification System Market:
Some of the key players of Automated Fingerprint Identification System Market are NEC Corporation, Fujitsu Limited, Suprema Incorporation, Crossmatch Technologies Inc., Sonda Technologies, 3M Cogent Inc., and Morpho SA. are the major players of the Automated Fingerprint Identification System Market.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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