Automated Fingerprint Identification System (AFIS) Market Share, Growth and Demand Forecast 2025
The global automated fingerprint identification system (AFIS) market is expected to witness lucrative growth over the forecast period due to the growing investments in the banking & finance sectors and government to support e-governance and secure transactions. With the rising criminal records, the need for the digitalization of the data using AFIS would drive the market for law enforcement applications in the government sector. In addition, the technology evolution and transformation from the manual process to digital process also fuel the AFIS market.The increase in the frequency of internal and external security threats, rising need for identification and increasing demand for integrated automated fingerprint identification system solutions also contribute towards the growth of AFIS industry. The integration of AFIS technology in mobile devices improves the computer power for fast and precise detection of fingerprints using different algorithms. Furthermore, the increasing adoption of mobile payment solutions shows a positive impact on the AFIS market. The mobile payment solutions ensure safe transactions instead of using password as a safety tool.
The global automated fingerprint identification system (AFIS) market is expected to witness lucrative growth over the forecast period due to the growing investments in the banking & finance sectors and government to support e-governance and secure transactions. With the rising criminal records, the need for the digitalization of the data using AFIS would drive the market for law enforcement applications in the government sector. In addition, the technology evolution and transformation from the manual process to digital process also fuel the AFIS market.The increase in the frequency of internal and external security threats, rising need for identification and increasing demand for integrated automated fingerprint identification system solutions also contribute towards the growth of AFIS industry. The integration of AFIS technology in mobile devices improves the computer power for fast and precise detection of fingerprints using different algorithms. Furthermore, the increasing adoption of mobile payment solutions shows a positive impact on the AFIS market. The mobile payment solutions ensure safe transactions instead of using password as a safety tool.
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ase are the factors anticipating the dem<strong>and</strong> for automated fingerprint identification system. The<br />
major players in this industry include 3M Cogent Inc., NEC Corporation, Morpho SA, Crossmatch<br />
Technologies Inc., Fujitsu Ltd., HID Global Corporation, Suprema Inc., <strong>and</strong> AFIX Technologies Inc.<br />
Other prominent players are Dermalog <strong>Identification</strong> <strong>System</strong> GmbH, M2SYS Technology, Sonda<br />
Technologies Ltd., East Shore Technologies, <strong>and</strong> Papillon <strong>System</strong>s.<br />
To increase their market share, the companies are adopting competitive strategies such as new<br />
product developments, mergers <strong>and</strong> acquisition, expansion of their product portfolio <strong>and</strong><br />
collaborations. In March 2016, Innovatrics released its next generation automated fingerprint<br />
identification system named as Innovatrics AFIS. The solution is fully scalable, customizable <strong>and</strong><br />
multimodal, <strong>and</strong> can be easily integrated into a customer’s existing biometrics system.<br />
In January 2016, Dermalog <strong>Identification</strong> <strong>System</strong> GmbH has delivered the biometric passports <strong>and</strong><br />
an IT system for e-passport registration <strong>and</strong> personalization to the Republic of Maldives. It has also<br />
delivered a new border control system which includes a high-speed automatic fingerprint<br />
identification system to Maldives immigration. It is considered as one of the most secure devices.<br />
Recently, ID Global Solutions Corporation (a company which provides secure biometric identity <strong>and</strong><br />
electronic transaction solutions) announced its acquisition of FIN Holdings Inc. which is specialized<br />
in biometric fingerprint software technology <strong>and</strong> algorithms. It has also acquired a South African<br />
Company named as Cards Plus SA which provides unique secure credential products <strong>and</strong> solutions<br />
to the government in Africa. This acquisition helps in improving the accuracy of IDGS’s transaction<br />
security <strong>and</strong> financial inclusion platform.<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/technology<br />
<strong>Market</strong> Segment:<br />
The major manufacturers covered in this report<br />
• NEC Corporation<br />
• Morpho SA
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