Automated Fingerprint Identification System (AFIS) Global Market Overview:
Machine learning in automated fingerprint identification system is the new trend in the market. The current state of fingerprint identification system is capable of identifying fingerprints collected under controlled conditions. However, it is not able to provide appropriate results if the fingerprint images are incomplete, and distorted. To address this issue and to make results of AFIS more reliable, the scientists from National Institute of Standards and Technology (NIST) and Michigan State University are designing AFIS developed from machine learning algorithm able to speed up the process and cutting down on backlogs.
The Global Automated Fingerprint Identification System Market is expected to get high growth in coming years. The increasing adoption of fingerprint detection system by law enforcement agencies, and deployment of biometric systems by banks, retail and education sectors, is expected to drive the market during forecast period 2016-2022. However, privacy issues, and emerging biometric substitutes such as facial and iris recognition technology are some of the factors hampering the market growth.
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Major Key Players:
Gemalto (U.S.), Safran Identity & Security (U.S.), NEC Corporation (Japan), M2SYS Technology (U.S.), Afix Technologies Inc. (U.S.), Biometrics4ALL (U.S.), Fujitsu (Japan), Cross Match Technologies, Inc. (U.S.), and HID Global Corporation (U.S.), are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automated Fingerprint Identification System Market.
October 2017 – Gemalto, a leading digital security solution provider, introduced biometric identification system named “CABIS” which supports fingerprint, palm print, face and iris recognition technology. This new innovation would reduce installation and training cost while deploying any biometric solution separately. This will further enhance the company marker value and customer base.
September 2017 – HID Global, a growing company having expertise in identity management, signed an agreement of acquiring Mercury Security, a hardware provider for facility security and access control. This acquisition would enhance the market position of HID global in the field of access control solution.
June 2017 – M2sys technology, a leading provider of biometric identification system, has announced its partnership with Secugen, a leading supplier of optical fingerprint readers, sensors, and related products. This partnership would help customers of Secugen to adopt cloud based biometric identification system named “CloudABIS”. This biometric solution is a scalable solution for fingerprint, iris, finger vein, and facial recognition system
Automated Fingerprint Identification System Global Market Competitive Analysis:
Automated Fingerprint Identification System market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Automated Fingerprint Identification System Global Market Segmentation:
The Automated Fingerprint Identification System Market can be classified into 4 key segments as follows:
Segmentation by Type: Latent searches, and Ten-print searches
Segmentation by Component: Hardware (Sensors, microcontrollers, and displays) and Software
Segmentation by End-User: Hospitality, Government, Transportation, BFSI, Healthcare, and Education.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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Automated Fingerprint Identification System Global Market Regional Analysis:
North America has dominated the Automated Fingerprint Identification System market in 2016. The technology advancement, and rising adoption of automated finger print systems for criminal investigations and fraud detection by law enforcement agencies in U.S. and Canada. Europe on the other hand, is expected to grow with significant growth rate during forecast period 2016-2022.
The countries such as The U.K, and Italy has adopted fingerprint systems to increase the safety in financial and education institutes and used by law enforcement agencies for crime investigations. Asia-Pacific is expected to grow with highest CAGR during the forecast period. Increasing adoption of biometric systems by enterprises to monitor the regular activities of their employees. Government bodies of countries such as China, India, and South Korea has also adopted fingerprint identification system to increase the security in their premises. These factors are expected to drive the market in Asia-Pacific region during forecast period 2016-2022.
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