Automated Fingerprint Identification Systems Market Trends & Forecast to 2017- Industry Analysis by Regions, Type and Application
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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Automated
fingerprint identification is considered as a sophisticated method which has
been in practice for several years. It is an electronic matching of one or more
unknown fingerprints against the database of existing fingerprints. The
matching is done on the pattern-based algorithm such as whorls, arches, and
loops of the fingerprints. The AFIS market is segmented on the basis of the
component into hardware and software. Hardware is further classified into
microprocessors/microcontrollers, matchers, displays and fingerprint input
modules. The segmentation is also done on the basis of search type into ten
print searches and latent searches. Ten print searches are expected to dominate
the segment owing to its wide use in the sectors such as healthcare,
transportation, and hospitality.
On
the basis of the application area, the AFIS market is categorized into
government sector, transportation, healthcare, hospitality, and banking and
finance sector. Among these application areas, the government and
transportation sector is estimated to hold the significant share of the AFIS
market. The use of automated fingerprint identification system by law
enforcement agencies such as the Federal Bureau of Investigation (FBI) and in
e-governance applications support the growth of the market in the government
sector. Geographically, North America, Latin America, the Middle East and
Africa, Europe and Asia Pacific are identified as the major regions in the
market. North America is estimated to dominate the industry due to the presence
of a large number of vendors in this region. Also, early implementation and
development of the AFIS technology have helped North America to hold the
largest market share.
Asia
Pacific is expected to witness the fastest growth over the forecast period. The
rising government initiatives for secure transactions, increasing per capita
income and growing population base are the factors anticipating the demand for
automated fingerprint identification system. The major players in this industry
include 3M Cogent Inc., NEC Corporation, Morpho SA, Crossmatch Technologies
Inc., Fujitsu Ltd., HID Global Corporation, Suprema Inc., and AFIX Technologies
Inc. Other prominent players are Dermalog Identification System GmbH, M2SYS
Technology, Sonda Technologies Ltd., East Shore Technologies, and Papillon
Systems.
To
increase their market share, the companies are adopting competitive strategies
such as new product developments, mergers and acquisition, expansion of their
product portfolio and collaborations. In March 2016, Innovatrics released its
next generation automated fingerprint identification system named as
Innovatrics AFIS. The solution is fully scalable, customizable and multimodal,
and can be easily integrated into a customer’s existing biometrics system.
In
January 2016, Dermalog Identification System GmbH has delivered the biometric passports
and an IT system for e-passport registration and personalization to the
Republic of Maldives. It has also delivered a new border control system which
includes a high-speed automatic fingerprint identification system to Maldives
immigration. It is considered as one of the most secure devices. Recently, ID
Global Solutions Corporation (a company which provides secure biometric
identity and electronic transaction solutions) announced its acquisition of FIN
Holdings Inc. which is specialized in biometric fingerprint software technology
and algorithms. It has also acquired a South African Company named as Cards
Plus SA which provides unique secure credential products and solutions to the
government in Africa. This acquisition helps in improving the accuracy of
IDGS’s transaction security and financial inclusion platform.
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