Fior Markets launched a study titled “Global Automated Fingerprint Identification System (AFIS) Market by Component (Hardware, Software), Search Type (Tenprint to Tenprint Search, Others), Application, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global Automated Fingerprint Identification System (AFIS) market is expected to grow from USD 6.67 Billion in 2017 to USD 36.6 Billion by 2025 at a CAGR of 23.7% during the forecast period from 2018-2025. Switching to manual process to a digital process due to improvement in technology and rising online transactions are the two factors deriving the growth of the Automated Fingerprint Identification System (AFIS) Market
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Software segment dominated with the highest market share of 68.90% in 2017
The component segment is classified into hardware and software. The hardware segment is divided into fingerprint input modules, microprocessors/microcontrollers displays and others. The fingerprint input modulessegment is further sub segmented as sensor type which is again bifurcated into optical sensors, capacitive sensors,ultrasound sensors and thermal sensors. The software segment is categorized in matchers and database fingerprints. The matchers segment is further classified as miniature-based matching and pattern matching. The software segment is dominating the Automated Fingerprint Identification System (AFIS) market with the highest market share in 2017 due to the increased implementation of integrated AFIS products.
Tenprint to tenprint search segment valued around USD 3.11 Billion in 2017
Search type segment includes tenprint to tenprint search, latent print to latent print search and others. Tenprint to tenprint search segment is dominating the market in 2017. The tenprint searches are used in various sectors such as hospitality, healthcare, and transportation which is causing the growth of the tenprint search in AFIS market.
Government and hospitality sectors segment growing with the highest CAGR of 25.2% over the forecast period
Application segment is divided into segments such as banking & finance, government, hospitality, healthcare, transportation and others. Government and hospitality sectors is growing with the highest CAGR of 25.2% in the forecast period as these sectors mainly use AFIS technology.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share of approximately 36.70% in 2017. The dominance of North America region is attributed to early implementation of the technology and the presence of major AFIS vendors in the region.
The major players of market include 3M Cogent Inc., Morpho SA, NEC Corporation, Fujitsu Ltd., Crossmatch Technologies Ltd., HID Global Corporation, M2SYS Technology, East Shore Technologies, AFIX Technologies Inc., Papillon Systems, Sonda Technologies Ltd., Dermalog Identification Systems GmbH, Safran Identity & Security, Biometrics4ALL, Cross Match Technologies, Inc. and Suprema Incorporation
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