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Global Automated Fingerprint Identification System Market to grow at a CAGR of 12.47% during 2016-2020

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Published on : Apr 19, 2016

ALBANY, New York, April 19, 2016: The major driving factors and barriers of the automated fingerprint identification system (AFIS) market are also included in the scope of the research study. According to the research report, the global AFIS market is projected to register a significant 12.47% CAGR between 2016 and 2020.

Fingerprint biometrics is a technology used widely to recognize individuals with the help of their fingerprints, which are scanned and further matched with a preexisting database. The matching of the fingerprint is done on the basis of specific features, including whorls, arches, and loops, on the fingerprints. A specific pattern-based algorithm is used in order to match the fingerprints of a person with a prerecorded entry to offer access to premises and properties. 

In the early 2000s, an innovative fingerprint system named AFIS was introduced across the globe, with the help of advanced technology. AFIS have the capability to electronically capture the data and identify and analyze the fingerprint pattern among the millions of patterns that are stored in the database. AFIS are majorly used by law enforcement agencies for the identification of criminals. The global AFIS market has been segmented on the basis of product type, technology, application, and geography. The market share, revenue generation, and estimated figures of each segment have been included in the scope of the research study.

Click here to get more info with TOC in a PDF Format: https://www.researchmoz.us/enquiry.php?type=S&repid=685216

The increasing initiatives taken by governments and the introduction of cloud-based AFIS are some of the major factors fueling the growth of the global market. In addition, the growing adoption of mobile AFIS readers and the emergence of touchless sensing technology are some of the factors that are estimated to augment the growth of the market throughout the forecast period. On the other hand, the stiff competition from inexpensive non-biometric technologies, the high total cost of ownership, and the growing need to handle large-scale identification projects are some of the key challenges for the major players operating in the global AFIS market.

Furthermore, in the last section, the research study talks about the competitive scenario of the AFIS market, coupled with a detailed vendor analysis. The prominent players operating in the global AFIS market include M2SYS Technology, NEC Corp., 3M Cogent Inc., and Safran Group. The SWOT analysis of the major players included in the study helps the existing as well as new players in determining the market scenario and threats and opportunities they face in the forecast period. Some of the other key vendors mentioned in the research study are Sonda Technologies, Crossmatch, Biometrics4all, Futronic, Suprema, BioLink Solutions, BioEnable, Dermalog Identification Systems, AFIX Technologies, Papillon Systems, Innovatrics, and Secure Outcomes.

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