Automated Fingerprint Identification System's (AFIS) Market is Expected to Reach US$ 510 Mn by 2025 - QY Research, Inc.

LOS ANGELES, BEIJING and PUNE, India, October 16, 2018 /PRNewswire/ --

According to QY Research's newly published report titled, "Global Automated Fingerprint Identification Systems (AFIS) Market Insights, Forecast to 2025," the global automated fingerprint identification Systems (AFIS) market was valued US$ 240 Mn in 2017 and is expected to reach US$ 510 Mn by 2025 end, expanding at a robust CAGR of 9.5% during the forecasted year, i.e. between 2018 and 2025.

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AFIS market is expected to grow tremendously in the forecasted period due to growing awareness among people about security and the expansion of commercial spending and high rate of unsolved criminal cases due to lack of evidence.

Global Automated Fingerprint Identification Systems Market: Top Players 

A lot of opportunities are brought by the sales of various products of automated fingerprint identification systems. The deep study about this market reveals that new entrants which have capital but lack in having downstream support, less technical and raw materials advantage should not enter hurriedly into the automated fingerprint identification systems market.

Firstly, as for the global Automated Fingerprint Identification Systems (AFIS) industry, the top three manufacturers have 7.74% revenue market share in 2015. The Japanese giant NEC, which has 62.01% market share in 2015, is the leader in the Automated Fingerprint Identification Systems (AFIS) industry. The manufacturers following are Morpho, 3M Cogent and Suprema, which respectively has 5.55%, 3.19% and 2.73% market share globally. The PU HIGH-TECH is the leader of China Automated Fingerprint Identification Systems (AFIS) industry.  

Some of the top players operating in the market are: PU HIGH-TECH, NEC, East Shore, Papillon Systems, Morpho, Afix Technologies, 3M Cogent, M2sys, Suprema, Crossmatch, Dermalog, Fujitsu and HID Global.

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Increasing number of criminal activities to boost the growth of automated fingerprint identification system market in Asia Pacific region  

Based on regions, the global automated fingerprint identification system market is segmented into South America, North America, Middle East, and Africa, Asia Pacific and Europe. North America is expected to grab major revenue share of the automated fingerprint identification system market throughout the forecasted period.