Automated Fingerprint Identification System (AFIS) Market projected to reach USD 12.46 billion by 2025

6-dec-2018  It is anticipated to expand at a CAGR of 18.4% over the forecast period. Increasing demand for advanced security systems across various business domains is expected to boost the growth. In addition, rising adoption of mobile payment solutions and demand for integrated AFIS solutions are expected to fuel the expansion.

AFIS is increasingly used to cater to the safety and security needs of individuals and organizations, on account of growing number of threats across the globe. A biometric identification system is difficult to circumvent. Systems based on this technology provide a secure identification and verification mechanism to mitigate the level of transaction frauds and security breaches. This factor is expected to drive the demand for automated fingerprint identification systems over the forecast period.

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Smart homes are equipped with advanced security systems such as fingerprint access control. Additionally,existing building retrofits are installing biometric security systems to counter thefts and malicious entries. This is further expected to boost the market growth. Furthermore, increasing terrorist activities and theft cases have compelled governments to deploy AFIS solutions in various government agencies, which, in turn, is expected to drive the market in near future.

The rising demand for AFIS technology in enterprises to monitor the attendance of employees is expected to propel the market growth. Developers are focusing on introducing automated fingerprint identification systems that can withstand extreme conditions and can be used suitably across various industries, including manufacturing, IT and telecommunication, construction, and oil and gas, among others.

Further key findings from the study suggest:

• Software segment is anticipated to account for a significant market share over the forecast period owing to the advantages offered by biometric identity and security software

• Government segment is expected to account for a significant market share over the forecast period owing to the increasing use of AFIS technology in e-governance applications and law and enforcement agencies

• North America is expected to continue to lead the market over the forecast period and reach USD 4.05 billion by 2025. Growing adoption of AFIS by law enforcement agencies for criminal identification is anticipated to propel regional market

• Key companies operating in the Automated Fingerprint Identification System (AFIS) market include Gemalto NV; NEC Corporation; Crossmatch; IDEMIA; Dermalog Identification Systems GmbH; SUPREMA; Fujitsu Limited; Sonda Technologies; HID Global Corporation; Papillon Systems; East Shore Technologies, Inc.; and AFIX Technologies.

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 Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Automated Fingerprint Identification System (AFIS) Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Global Automated Fingerprint Identification System (AFIS) Market, 2014 - 2025
2.2.1 Global Automated Fingerprint Identification System (AFIS) market, by region, 2014 - 2025
2.2.2 Global Automated Fingerprint Identification System (AFIS) market, by component, 2014 - 2025
2.2.3 Global Automated Fingerprint Identification System (AFIS) market, by end-use, 2014 - 2025
Chapter 3 Automated Fingerprint Identification System (AFIS) Industry Outlook
3.1 Market Segmentation & Scope
3.2 Market Size and Growth Prospects
3.3 Automated Fingerprint Identification System (AFIS) - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Automated Fingerprint Identification System (AFIS) Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing investments in enterprise and government sectors
3.4.1.2 Rising demand for secure financial transactions
3.4.2 Market restraint analysis

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