- 11 July 2019 14:18
Why Is Automated Fingerprint Identification System (AFIS) Market The Most Trending Thing Now?
New York, Jul 11, 2019: Automated fingerprint identification is one of the major types of biometric identification that helps in general identification and fraud prevention. This identification system is used by organizations to let employees log in or log out at their workplaces. The automated fingerprint identification system is based on two major components such as hardware and software.
Increasing adoption of advanced biometric technology i.e. automated fingerprint identification in the government sector is one of the key factors increases demand for automated fingerprint identification system. Automated fingerprint identification system demand is also rising in the maintenance of law and enforcement services such as tracking criminals’ records. Automated fingerprint identification system has two major types such as inked prints and latent fingerprints. Inked fingerprints obtained by inking fingers’ one edge to another edge on the paper whereas in the latent fingerprint is obtained by using powder to visible the fingerprint.
The automated fingerprint identification is also used for safety transactions across the banking and finance sector. In addition, usage of automated fingerprint identification system is also increasing in several applications such as banking & finance, consumer electronics, defence & security, government, healthcare, transport which improves efficiency and save time for the identification process.
However, performance failure owing to inaccurate detection of fingerprint, fear of interruption of privacy and availability of substitutes are some of the restraining factors of the automated fingerprint identification system.
The major opportunities recognized in the global automated fingerprint identification system market are the integration of various advanced technologies in automated fingerprint identification system which resulted into an increasing preference for mobile payments and it also ensures safe transactions instead of using password as a safety tool. In addition, increasing fingerprint verification technology for mobile banking for customers who use mobile phone or tablet enabled with fingerprint access control. Rising usage of an automated fingerprint identification system in healthcare sector as a better security solution in patient data management system.
The global automated fingerprint identification system market is segmented into component, end-user and region. The component segment is further bifurcated into hardware, software and services. The software provides a biometric platform for payment which provides high image quality and it takes more than 1 second time for verification procedure. Hardware component provides fingerprint touch sensor which provides less power consumption and user flexibility. On the basis of end user, the target market is segmented into government banking, Financial Services and Insurance (BFSI), consumer electronics, defence & security, education, healthcare, hospitality, retail and transport/logistics. The government banking has the maximum usage of automated fingerprint identification system due to security purpose. In financial services and insurance (BFSI), identification system protects the company’s revenue and financial information and background of employ for security purpose of the company.
North America has the largest adoption for the automated fingerprint identification system owing to increasing usage of highly advanced verification mechanism for secure identification in various applications. Asia Pacific market also has a significant share due to increasing awareness about security of defence, government banking, and healthcare data.
Please Visit, Our More Research Blog: