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Automated Fingerprint Identification System Market by Component, Search Type, Application, and Geography - Global Forecast to 2020

Automated Fingerprint Identification System Market: Global Forecast until 2020

  • February 2016
  • 152 pages
  • ID: 3703373
In this report:
The market for fingerprint modules of the hardware component was valued at USD ##.## million in 2014 and is expected to grow at a CAGR of ##.##% during the forecast period due to the large-scale production of finger sensors using latest technologies in automated fingerprint identification systems in the next five years.

Summary

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"The need for secure transaction and identification is likely to drive the automated fingerprint identification system market"

The automated fingerprint identification system market size is forecasted to reach ~$8.5B by 2020, at an estimated compound annual growth rate of 21.00 percent from 2015 to 2020. The automated fingerprint identification system market is influenced by Elements such as the need to mitigate transaction risks, increasing need for identification, and rise in the frequency of internal and external security threats.

"The use of AFIS in law enforcement agencies to benefit maximum traction during the estimate period"

The use of automated fingerprint identification sysetms by the government industries, including the law enforcement agencies, would be a main driver for the increase ot the AFIS market global. Fingerprint identification has been accepted as the refined methodology that has been in practice for many years and has been used by the agencies including the FBI since many years. The automated fingerprint identification system market is also forecasted to witness increase in healthcare, hospitality, and transportation markets with transportation and government industries providing the biggest market share during the outlook period.

"North America (NA) would lead the AFIS market with applications in the government and transportation markets"

North America continent would lead the AFIS market compared to other regions. The early adoption and development of the AFIS technology has helped the North American AFIS market to lead. Also, the presence of main players including the 3M Cogent Inc., Crossmatch Technologies Inc., HID Global Corporation among others has helped to boost the AFIS market in the area. The use of AFIS by the law enforcement agencies is maximum in the territory, with U.S.A leading the way.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main people. Distribution of profile of primary members taking part is given below as:

- By Company Type: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and 1/3 3 - 20.0 percent

- By Designation: C-Level - 35.0 percent, Director Level - 25.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 45.0 percent, Europe - 20.0 percent, APAC - 30.0 percent, and rest of the world - 5.0 percent

Due to increase in the industry demand for integrated automated fingerprint identification system solutions and growing adoption of fingerprint identification as the system for identification and authentication, the automated fingerprint identification system market finds huge opportunity to thrive in the upcoming five years.

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the automated fingerprint identification system market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report would benefit partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, newproduct developments, colloborations, business developments, and mergers & acquisitions.

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