Automated Fingerprint Identification Systems Market Size and Growth
Posted by michael on August 13th, 2019
Automated Fingerprint Identification Systems Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Automated Fingerprint Identification Systems Market was valued at USD 5.61 billion in 2017 and projected to reach USD 25.49 billion by 2026 growing at a CAGR of 17.5% during 2017 to 2021.
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Automated Fingerprint Identification Systems Market Overview:
The automated fingerprint identification is a method which traces an unknown finger impression toward recognized fingerprints that are available in a database. Automatic fingerprint classification methods are commonly employed with law implementation services for validation, criminal distinguishing proof, individual historical verification, and as a standard next fraud blocking.
Automated Fingerprint Identification Systems Market Growth Drivers and Restraints:
Automatic fingerprint classification has considerable attention across the world, due to developing security concerns and unlawful activities. The requirement for effective investigation and obvious suspect description should expand to solve crime. Furthermore, this desire for industrialization in criminal classification system and storage of information is increasing due to sluggish conventional criminal classification process. Moreover, the improvements in digital electronics technology and growing need for more active fingerprint identification are anticipated to drive the automated fingerprint identification business. Furthermore, the reliability, and accuracy of fingerprint classification is a significant concern in the criminal classification process.
The mechanical breakdowns in the integration of hardware such as fingerprint scanner, and defects in software algorithm for fingerprint comparison are the important challenges holding this business. Moreover, with developing community in identification technologies such as palm recognition, and facial recognition, are likely to restraint the adoption of automated fingerprint identification market. The expanding adoption of this technology by government, and individual enterprises in civil identification schemes present opportunity for world market. Moreover, advancements in cloud based automatic fingerprint classification systems offer added increase chances.
Geographical Analysis of Automated Fingerprint Identification Systems Market:
In terms of the geography, this market is divided into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Amongst those countries, North America and Europe have observed massive scale adoption of automatic fingerprint identification systems due to developing security measures, and technological improvements in security systems. In the U.S., Federal Bureau of Investigation (FBI) uses this kind of identification for identifying criminals in case of any violent activities. Asia Pacific, and Middle East and Africa regions are expected to witness lucrative opportunities in this market with the increasing crime rate and demand for these identification systems.
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Key Players of Automated Fingerprint Identification Systems Market:
Some of the important players in the world automated fingerprint identification market include 3M Cogent, Inc., Fujitsu Limited, Suprema, Inc., Papillon Systems, M2SYS Technology, NEC Corporation, Morpho Detection LLC, Cross Match Holdings, Inc., Identification International, Inc., 4G Identity Solutions Pvt. Ltd., Sonda Technologies, Biometrics4All, Inc., AFIX Technologies, Inc., HID Global Corporation ABLOY AB., and others.
Automated Fingerprint Identification Systems Market Segmentation:
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About the Authormichael
Joined: April 4th, 2019
Articles Posted: 31
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