Automated Fingerprint Identification Systems (AFIS) Market 2021-2027 Complete Data Analysis with Future Outlook | 3M Cogent, Fujitsu, HID Global Corporation

Latest added Automated Fingerprint Identification Systems (AFIS) Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are 3M Cogent Inc., Morpho SA, NEC Corporation, Fujitsu Ltd., Crossmatch Technologies Ltd., HID Global Corporation. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

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This report studies the Automated Fingerprint Identification Systems (AFIS) Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Automated Fingerprint Identification Systems (AFIS) Market by companies, region, type and end-use industry.

Several market analysis factors covered in the credible Automated Fingerprint Identification Systems (AFIS) Market report include industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and & technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, & company market share analysis. Thus, the Automated Fingerprint Identification Systems (AFIS) Market research report provides a comprehensive analysis on the study of industry with respect to number of aspects. This report is a valuable source of assistance for companies and individuals that provides industry chain structure, business strategies and proposals for new project investments.

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The automated fingerprint identification system market size is estimated to reach USD 8.49 Billion by 2020, at an estimated CAGR of 21.0% between 2015 and 2020. The automated fingerprint identification system is the biometric identification technique which obtains, stores, and analyzes the fingerprint data using digital imaging technology. The report aims at estimating the market size and future growth potential of the market across different segments such as components, search types, applications, and regions. The base year considered for the study is 2014, and the market size is estimated for the period 2015–2020. With the rise in use of identification systems, AFIS is expected to play a key role in fueling the growth of the market in the next five years.

The research methodology used to estimate and forecast the automated fingerprint identification system market begins with capturing data on key vendors’ revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

The automated fingerprint identification system ecosystem comprises stakeholders such as the electronic hardware suppliers, mobile application developers, research organizations, and the technology standards organizations, alliances, forums among others.

Key Target Audience:

Governments, financial institutions, and investment communities
System integrators
Analysts and strategic business planners
Semiconductor foundries
Biometric product manufacturers
Software vendors

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis:

Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis:

Further breakdown of the MEA automated fingerprint identification system market
Further breakdown of the Latin American market

Company Information:

Detailed analysis and profiling of additional market players

The automated fingerprint identification system (AFIS) market size is expected to grow from USD 3.28 Billion in 2015 to USD 8.49 Billion by 2020, at a CAGR of 21.0% between 2015 and 2020. The increasing implementation of AFIS as the secure identification system is creating a huge demand for automated fingerprint identification system solutions across the world. The major factors driving the market are the transformation and technology evolution from manual process to digital process and the need for secure transaction. Furthermore, due to rise in the demand for integrated automated fingerprint identification system solutions and increasing adoption of mobile payment solutions, the market finds huge opportunity to flourish in the next five years.

In this report, the market is segmented on the basis of component, search type, application, and region. The AFIS market for software is expected to have the largest market share and is likely to dominate the market between 2015 and 2020because of the growing demand for integrated AFIS products. The government and transportation sectors are expected to play a key role in changing the automated fingerprint identification system landscape and would grow at the highest rate during the forecast period.

Automated fingerprint identification systems for tenprint searches are expected to dominate the AFIS market and to hold the largest market share, whereas latent print searches would grow at a steady rate during the forecast period from 2015-2020. The use of tenprint searches in the sectors such as hospitality, healthcare, and transportation is fueling the growth of the tenprint search AFIS market.

The automated fingerprint identification system solutions are being increasingly adopted in other verticals, such as the banking and finance, which have led to the growth of the market across the globe. The AFIS market for the hospitality and government sectors is estimated to witness high growth during the forecast period.

North America is expected to hold the largest market share and dominate the automated fingerprint identification system market between 2015 and 2020because of the presence of large number of biometric vendors. APAC offers potential growth opportunities as there is rise in adoption among enterprises and law enforcement agencies that are turning towards automated fingerprint identification system solutions to secure against potential threats.

The market, however, is restrained to grow as the devices are not compatible with each other. The data sharing and algorithmic performances have been a major drawback for the market to pick up. These technical challenges of interoperability need to be addressed to ensure the continual growth of the AFIS market. The major vendors in the 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). These players adopted various strategies such as new product developments, collaborations, partnerships, and expansions to cater to the needs of the market.

An international Automated Fingerprint Identification Systems (AFIS) Market research report is an absolute overview of the market that spans various aspects such as product definition, customary vendor landscape, & market segmentation based on various parameters such as type of product, its components, type of management & geography. Most relevant, unique and creditable global market research report is put forth for the valuable customers & clients depending upon their specific business needs. The report includes major manufacturers, suppliers, distributors, traders, customers, investors, major types, and major applications. The comprehensive Automated Fingerprint Identification Systems (AFIS) Market business report helps strengthen organization and make better decisions for driving business on the right track.

Automated Fingerprint Identification Systems (AFIS) Market Reports – Table of Contents
1. Preface
2. Assumptions and Research Methodology
3. Executive Summary: Global Automated Fingerprint Identification Systems (AFIS) Market
4. Market Overview
5. Key Insights
6. Global Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast, By Product
7. Global Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast, By Detector
8. Global Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast, By Technology
9. Global Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast, By Application
10. Global Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast, By End-user
11. Global Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast, By Region
12. North America Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast
13. Europe Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast
14. Asia Pacific Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast
15. Latin America Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast
16. Middle East & Africa Automated Fingerprint Identification Systems (AFIS) Market Analysis and Forecast
17. Competitive Landscape

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