Automated Fingerprint Identification System (AFIS) Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2022

“Automated Fingerprint Identification System (AFIS) Market”
AFIS (Automated Fingerprint Identification System) market is expected to reach USD 13 billion by the end of 2022 with ~22% CAGR during forecast period 2017-2022

Automated Fingerprint Identification System Market Overview:

Some of the prominent areas of application of AFIS include General identification and fraud prevention, ID registries, e-passports, biometric visas, digitized driver’s licenses, and electronic voter registration and election management.  Augmented penetration of internet ensured upsurge demand for online transaction prompting the need for AFIS (biometric identification) for authentication purposes. Telecommunication sector is second largest adopter (after Govt.entities) of Automated Fingerprint Identification Systems worldwide.

Wide adoption of this technology to ensure security is the key factor that allows the AFIS market to garner exponential traction on the global platform.

Acknowledging the kind of accruals the market is gaining currently demonstrating the growth prospects worldwide, Market Research Future has recently published a study report giving out the complete market insight up to 2022. Automated Fingerprint Identification System MarketThis study report indicates that the global Automated Fingerprint Identification Systems Market will accrue USD 13 billion by 2022 registering a whooping double digit CAGR of ~22% during 2017-2022.

Augmented demand for AFIS across government sectors (eGovernance usages) is boosting the market growth. Factors such as spurting digitization, usage of internet coupled with the trend of digital database management systems fuel the growth of the AFIS market. Rising security concerns in banking activities is one of the key market growth propellers. Wide penetration of smart phone contributes the AFIS market growth to an extent.

Despite ensuring a wide uptake, the AFIS still lack substantial technological breakthroughs – one among these is – accuracy of these systems is determined for consideration up to 30-40% remaining highly dependent on the skills of technicians.. This major drawback restricts its market growth. However, the expected technological advancements in the recent future give some relief promising a good fortune for the global Automated Fingerprint Identification Systems Market. 

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Major Key Players:

3M Cogent, Inc. (US) Safran Identity & Security (US), NEC Corporation (Japan), M2SYS Technology (US), Afix Technologies Inc (US), Biometrics4ALL (US.), Fujitsu (Japan), Cross Match Technologies, Inc. (US), HID Global Corporation (US), and M2SYS Technology (US) 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.

Worldwide AFIS Market Competitive Analysis:

The Market of Automated Fingerprint Identification System appears to be competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. The market will witness intensified competition with an increase in R&D innovations and M&A.

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Industry/ Innovation/ Related News:

January 27, 2018 – Komaram Bheem district (Bangalore – India) launched a New Automated Fingerprint Identification System (AFIS) and scanning software with the help of this system the finger print of any accused may be obtained and could be uploaded directly to the central server. 

Although India is a vast and developing country about half of total police headquarters of the country are fully equipped with modern technology like AFSI. Kudos to the India & their Digital India Program ran by the current PM – Mr. Modi

January 17, 2018 – The Regional Crime Laboratory Office (Philippines) declared their readiness of its new building equipped with modern deoxyribonucleic acid (DNA) equipment and that they will be using from Feb’18, to serve the DNA tests requirements for crime scene investigations for the whole Mindanao state. RCLO has already implemented a P269 million Automated Fingerprint Identification System along with some high-end DNA testing equipments.  The funding was sourced from the General Appropriation Act of 2017 for the Philippine National Police.

Automated Fingerprint Identification System Market Segmentation:

For the convenience of the report and enhanced understanding; the report has been segmented in to 4 key dynamics:-

By Component : Comprises Hardware (Displays, Fingerprint Input Modules, Microcontrollers, others) and Software. 

By Type : Latent Searches and Ten-print Searches. 

By End-User: Banking & Finance, Defence & Security, Forensic Sector, and Government (eGovt. Passport & Verification offices, Visa/eVisa, etc.)

By Regions :  North America, Europe, APAC and Rest of the World.

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Worldwide AFIS Market Regional Analysis:

Regionally, North-America accounted for the largest market share because of the technological advancements, several opportunities in various sectors and increasing usage by the law enforcement agencies.

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