Noida, UP -- (SBWire) -- 03/13/2011 -- Automated Fingerprint Identification System (AFIS) technology is used in various law enforcement and civil applications. As an established technology in law enforcement settings, AFIS is one of the most widespread applications of biometrics today, and will continue to be so in near future as well. As many law enforcement organizations are already using AFIS, its primary growth will come from private sector employee background check applications.
According to our research report “Global Biometric Forecast to 2012”, AFIS technology will continue to dominate the global biometric market with a market share of around 33% by the end of 2013. With response times in a few minutes, these systems can be used to identify patients and providers from databases of tens to hundreds of thousands of fingerprints. Hence, this is anticipated to propel the global AFIS market to nearly US$ 2.6 Billion by 2013, growing at a CAGR of nearly 20% since 2011.
We have also found that the escalating demand for more integrated security solutions from vertical sectors, such as manufacturing facilities, education, healthcare, government, and law enforcement will drive the overall biometric market. Furthermore, the global biometric industry is poised for explosive growth in the foreseeable future. As the technology continues to improve, the prices will continue to decrease. Further, consumers are also becoming more accustomed to use it as an efficient way to prove their identity and make secure transactions.
As per our research, AFIS/live scan market will be followed by fingerprint and face recognition in the coming years. These technologies are expected to account for around majority of the market, leaving little space for the other biometric technologies.
This is possible due to the growing acceptance of these technologies in various civil and commercial applications including financial sector, security, POS (Point of Sale), ATMs, border security (passports and customer ID), and so on.
“Global Biometric Forecast to 2012” thoroughly analyzes global biometric market growth drivers, biometric standards, and competitive landscape. The report has clearly segmented the biometric market in terms of region, technologies, applications, and verticals. The report provides forecast up to 2013 for various technologies and regions. Our report aims at providing the best insight to clients for the global biometric market.
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AFIS Technology to Dominate the Global Biometric Market till 2013
Law enforcement organizations and background check applications across various sectors will be the major consumer for AFIS technology, says RNCOS.