Outlook for the global automated fingerprint identification system (AFIS) market
AFIS or automated fingerprint identification system is a method in which fingerprints from individuals are stored as digital images in a database. Each fingerprint has features like arches, loops, and whorls that are unique to an individual. The current version of AFIS has been in use only for a few years and has revolutionized the way matches are made. AFIS is best known for use by law enforcement agencies to compare prints and apprehend criminals. These days, a slightly different version of AFIS is used by companies to let employees gain access to their workplace. Technavio’s market research analyst predicts the global AFIS market to grow at a steady CAGR of over 12% during the forecast period.
AFIS related technology is evolving daily thanks to mobile devices and their extensive use in different sectors. Fingerprints can be used not only to authenticate a person’s identity but also to ensure that they have the permission to use equipment or gain access to an office. For instance, 3M offers scalable packages that can be customized to meet any needs, whether it is for companies or government organizations. AFIS is used in situations when access to sensitive information has to be restricted.
Geographical segmentation and analysis of the AFIS market
In this market study, analysts have estimated the Americas to be the largest market for AFIS during the forecast period. The US will be the biggest market for AFIS technology in this region as AFIS is extensively used by law enforcement agencies here to apprehend criminals. The AFIS technology is also used to monitor visitor traffic at airports located in and around the Americas. Advances in programming and related technologies are anticipated to bring changes like iris scanning, which in turn will help to make the system foolproof. Revenues for the Americas will surpass USD 2 billion by 2020.
Application-based segmentation and analysis of the AFIS market
According to Technavio’s market research report, the civil application segment will be the largest market segment for AFIS technology during the forecast period. The extensive use of AFIS technology for commercial applications in the financial sector, point-of-sale systems, and ATMs will result in this market segment’s high growth over the next few years. Though the adoption of criminal AFIS will increase significantly during the forecast period, the civil AFIS segment will dominate this market by accounting for almost 56% of the total market share by 2020.
Competitive landscape and key vendors
AFIS technology and the related technologies market are in their infancy. There are several large and small vendors competing to gain market share. There is a lot of potential in the market for new players, and many are expanding their portfolios to distinguish themselves from the rest. To survive, vendors have to offer customized and unique products.
Key vendors in this market are -
- 3M Cogent
- M2SYS Technology
- NEC Corporation
- Safran Group
Other prominent vendors in the market include AFIX Technologies, BioEnable, BioLink Solutions, Biometrics4All, Crossmatch, Dermalog Identification Systems, Futronic, Innovatrics, Papillon Systems, Sonda Technologies, Secure Outcomes, and Suprema.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the AFIS market?
- What are the key market trends impacting the growth of the global AFIS market?
- What are the challenges to market growth for AFIS?
- Who are the key vendors in the global AFIS market?
- What are the market opportunities and threats faced by the vendors in the AFIS market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global AFIS market?
Technavio also offers customization on reports based on specific client requirement.
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