Automated Fingerprint Identification Systems (AFIS) Market Technological Advancements & Competitive Insights to 2023
3rd May 2019 - The global automated fingerprint identification system (AFIS) market is set to witness a higher CAGR during the forecast period. Automated fingerprint identification systems (AFIS) is a type of biometric that encompasses digital imaging to register a fingerprint for records to match with central database in order to conclude upon the identity of an individual. It is highly known to reduce labour intensive process of searching, identifying, and matching the fingerprint for identification. Mainly used by law enforcement agencies to detect criminal identification plus it also helps to determine the identity of victims of natural and man-made disasters.
Automated fingerprint identification systems market is driven by rise in technological transformation in the digital process coupled with growing investments in the government and enterprise sectors to assist e-governance applications that would drive AFIS market during the forecast period.
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By component, automated fingerprint identification systems (AFIS) market comprises fingerprint input modules, displays, matchers, microprocessors/microcontrollers. By search type, automated fingerprint identification systems market is segmented as latent search and tenprint search. Application category is categorized into governments, financials, institutions, system integrators, semiconductors, foundries, analysts, biometric and software vendors.
Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America market is more likely to witness a higher CAGR during the forecast period owing to presence of several players in the region. Technological advances in the region have helped the market grow by leap and bounds. Asia-Pacific regions are likely to grow at a higher CAGR during the forecast period.
Asia-Pacific regions are more likely to grow at a significant pace in automated fingerprint identification systems (AFIS) market due to increase in use of digital devices in workplaces and companies. Rise in awareness for asset security against potential threats is more likely to supplement the market demand. In addition, the market is loaded with the presence of software vendors and OEMs that are highly responsible for market growth during the forecast period. The key players profiled in the automated fingerprint identification systems (AFIS) market report are 3M Cogent Inc, Morpho SA and NEC Corporation.
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