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Automated Fingerprint Identification System Market Regional Revenue 2019 By Global Players 3M Cogent, Afix Technologies Incorporation, Dermalog Identification Systems Gmbh, East Shore Technologies, Gemalto NV

01-28-2019 04:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

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. 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.

Top Industry Players:
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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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.

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

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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India.
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