World Automated Fingerprint Identification System Marketplace Analysed in In-demand M&M Report Published at MarketPublishers.com21 Mar 2016 • by Natalie Aster
LONDON – Globally, the automated fingerprint identification system (AFIS) market is poised to grow at a CAGR of 21% during 2015-2020, reaching a value of USD 8.49 billion by the end of the forecast period. The factors driving the market’s growth include the increasing need for identification, need to reduce transaction risks, and a hike in the frequency of security threats, external and internal alike.
The usage of automated fingerprint identification systems by the government sectors, like the law enforcement establishments, is anticipated to be a key driver of the expansion of the world’s AFIS marketplace. Fingerprint identification has been recognised as the refined methodology that has been practiced for a long period and has been utilised by such agencies as the FBI for many years. The AFIS market is also forecast to see growth in hospitality, healthcare, and transportation sectors with government and transportation sectors accounting for the lion’s market share in the years to come.
The North American region takes the lead in the AFIS market as against other regions. The early uptake and evolution of the AFIS technology has given the boost to the region’s AFIS market to be a leader. Additionally, the presence of the top players like the 3M Cogent Inc., Crossmatch Technologies Inc., HID Global Corporation, amongst others, has underpinned the growth of the regional AFIS marketplace. The use of AFIS by the law enforcement establishments is maximum in North America, with the USA setting the tone.
In-demand research report “Automated Fingerprint Identification System Market” drawn up by M&M is a must have for anyone interested in the AFIS market. It comprehensively categorises the market by component, search type, application and geography; and provides the detailed revenue figures for the overall market and the sub-segments across various verticals and geographies. The study presents true insights into the market dynamics, covering key drivers and restraints, lucrative opportunities and key challenges. It presents a supply-side assessment, providing a value chain analysis, technology roadmap, Porter’s five forces analysis, etc. The report limelights the competitive landscape alongside providing company profiles of top 13 industry players. Additionally, detailed market forecasts up to 2020 are at hand in the report.
Automated Fingerprint Identification System Market
Published: February, 2016
Price: US$ 4,650.00
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