Industry Background:
The Automated Fingerprint Identification System basically a technology-enabled biometric system which is having software and hardware both. And it works on digital imaging technology to analyze, store fingerprint data. Originally, it is used by the United States Federal Bureau of Investigation in Criminal Cases. In last few years AFIS is developed many technological developments. There are various technologies are used in this system such as NEC Technologies.This growth is primarily driven by There is a growing demand for vertical specialized biometric solutions, with the government concern from developed countries and an increasing number of crimes across the globe. And the demand is growing because of high adoption from government agencies. The reason behind this high adoption is surging concerns regarding internal and external securities in various sectors including banking, military & defense and others..
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as NEC (Japan), IDEMIA (France), Cogent Systems (United States), Suprema (South Korea), Dermalog (Germany), HID Global (United States), Fujitsu (Japan), Crossmatch (United States), M2sys (United States) and Afix Technologies (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Mar 2019, Gemalto announced the acquisition of Green Bit to provide biometric scanners and automated fingerprint identification system. The company revealed that there is an increase in demand from the government sector, and the company got the chance to enhance its customer base. And also Green Bit can enhance its product development with technology advancement.
In Jun 2019, NEC Technologies announced the partnership with Centre for Development System for the deployment of an automated fingerprint identification system for the Kerala State Police in India. This new system accelerates the investigations procedure more efficiently and also offers enhanced quality of fragmented fingerprints verification.The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Influencing Trend:
Mobile Biometric Technology, Multimodal Biometric Authentication Systems and Cloud-Based Biometric Solutions
Market Growth Drivers:
There is a growing demand for vertical specialized biometric solutions, with the government concern from developed countries and an increasing number of crimes across the globe. And the demand is growing because of high adoption from government agencies. The reason behind this high adoption is surging concerns regarding internal and external securities in various sectors including banking, military & defense and others.
Challenges:
The Rising Number of Data Security Concern
Restraints:
The High Cost of Deployment of Software and Hardware System and Requires skilled personnel to get the task done
Opportunities:
Technology Advancement and High-Security Demand Create Huge Opportunity in Future and Enable easy and convenient customer verification and access control features
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automated Fingerprint Identification Systems Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automated Fingerprint Identification Systems Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automated Fingerprint Identification Systems players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automated Fingerprint Identification Systems Study Sheds Light on
The Automated Fingerprint Identification Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automated Fingerprint Identification Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automated Fingerprint Identification Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.