Worldwide Automated Fingerprint Identification System (AFIS) Markets to 2026 - Projected to Exceed $26 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Automated Fingerprint Identification System (AFIS) - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Automated Fingerprint Identification System (AFIS) market accounted for $5.79 billion in 2017 and is expected to reach $26.55 billion by 2026 growing at a CAGR of 18.4% during the forecast period.
Some of the key factors such as increasing demand technological advancements, growing investments in the government sector, growing adoption of mobile payment solutions and growth in online transactions are driving the market growth.
However, iris identification and authentication and performance deterioration for inaccurate detection of fingerprint are some of the factors hindering the market growth.
By end-user, government segment witnessed steady growth during the forecast period owing to increase adoption of unique identity for an individual that helps eliminate issues such as identity theft or false identity.
Based on geography, Asia Pacific region is expected to register the highest market growth rate during the forecast period due to increasing focus of governments towards the deployment of biometric solutions at airports and for border control to boost the security level.
Search Types Covered:Latent Print to Latent Print Search Tenprint to Tenprint Search Other Search Types
Components Covered:Service Hardware Software
Products Covered:Single Modal Automated Fingerprint Identification Systems (AFIS) Multi Modal Automated Fingerprint Identification Systems (AFIS)
End-Users Covered:Government Banking, Financial Services and Insurance (BFSI) Consumer Electronics Defense & Security Education Healthcare Hospitality Retail Transport/Logistics Other End-Users
Companies Profiled:3M Cogent Afix Technologies Incorporation Crossmatch Technologies Dermalog Identification Systems East Shore Technologies Fujitsu Gemalto HID Global Corporation DEMIA M2sys Technology NEC Corporation Papillon Systems Sonda Technologies Suprema Incorporation
For more information about this report visit https://www.researchandmarkets.com/research/zgqnks/worldwide?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005283/en/
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INDUSTRY KEYWORD: TECHNOLOGY SECURITY
SOURCE: Research and Markets
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PUB: 01/18/2019 09:58 AM/DISC: 01/18/2019 09:58 AM