Automated fingerprint identification systems (afis) market report 2018 economic indicators and product offerings worldwide with future prospects 2025 – openpr s note data recovery

The global automated fingerprint identification system market is expected to witness substantial growth on account of rising demand for advanced security systems across various business domains. The automated fingerprint identification system is a biometric identification technology which is used for obtaining, storing, and analyzing fingerprint data utilizing digital imaging technology which is used for authentication. Furthermore, rising demand for integrated automated fingerprint identification system solutions and increasing adoption of mobile payment solutions is expected to propel growth over the forecast period. Increasing demand for integrated AFIS solutions, increasing online transactions, increased national and network security threats are some of the reasons the market will flourish in the coming years.

However, issues such as performance deterioration over time leading to inaccurate detection of fingerprints are expected to hamper growth. Also, fear of intrusion of privacy and availability of subtitutes such as iris and face recognition technologies are likely to act as major obstacles impacting growth.

The market is segmented by hardware components into fingerprint input modules, displays, microprocessors/microcontrollers, others & different types of software. Fingerprint input modules include scanning the entire palm or any one of the fingers and the way this input is processed and recognized by the system.

The industry is segmented by application into governments, financial institutions, and investment communities, system integrators, analysts and strategic business planners, semiconductor foundries, biometric product manufacturers, software vendors

The growing investments in the government and banking & finance sectors to support e-governance and secure transactions are likely to drive growth over the projected period. The market is expected to witness significant demand from law enforcement application due to rising need to digitize criminal records. Furthermore, integration of this technology for law enforcement purposes in mobile devices is accelerating due to abundant cellular phone users across different sectors such as healthcare, government, private businesses, banks and other financial institutions and transportation. As a result, it increases the computing power for speedy as well as accurate detection of fingerprints using a variety of algorithms. In addition, mobile biometrics can be used to identify individuals in some locations such as prisons, patrol vehicles, booking stations, and battlefields.

Cloud-based AFIS technology uses cloud services through a web-based user interface, which can either be a browser or mobile application. The technology includes a server consisting a biometric template database for data processing credentials during the individual’s identification and verification.

Mobile payment solution is going to play a key role in the automated fingerprint identification system market. The increasing preference for mobile payments would help to drive the AFIS market to ensure safe transactions replacing password protection as a safety tool. The use of fingerprint identification is likely to augment security in e-transactions which in turn is expected to witness substantial growth over the forecast period.

The transportation and government sectors accounted for a majority share in the industry in 2017. This trend is anticipated to continue over the forecast period owing to increasing use of the technology in e-governance applications. In addition, rising use of AFIS by the law enforcement agencies is expected to drive growth over the next seven years.

The key competitors in the industry include Morpho SA, 3M Cogent Inc., NEC Corporation, Fujitsu Limited, Suprema Incorporation, Crossmatch Technologies Inc, HID Global Corporation, Sonda Technologies Ltd., Dermalog Identification Systems Gmbh, M2sys Technology, Papillon Systems, East Shore Technologies, and Afix Technologies Incorporation.

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