2012-10-15 12:37:25 - Global AFIS market is projected to grow at a CAGR of 19% during 2012-2015, says RNCOS in its research report.
AFIS is one of the most widespread applications of biometrics today and a well-known technology in the law enforcement settings. It will also go on doing the same in near future as well. As numerous law enforcement organizations are by now using AFIS, its major growth will come from check applications of private sector employee’s background. Because of the growing need to screen applicants for criminal records before hiring them, AFIS revenue is surging and account for significant share in the total biometric market. Moreover, the global AFIS market is anticipated to grow at a CAGR of around 19% during 2012-2015.
According to our report, “Biometric Market Forecast to 2014”, biometric, one of the world’s fastest growing technologies, has revolutionized business
security landscape at offices. Across the globe, government organizations as well as financial and educational institutions are benefiting from its applications. The technology uniquely identifies a person’s physical and behavioral characteristics, and worldwide, governments are adopting biometric to strengthen their national security and maintain individual identity. Various Companies are also coming up with automated biometric software or systems, which help to reduce costs and offer enhanced intelligence with, automated features.
Our report also provides detailed information about the other growing technologies and drivers, including the emergence of 3D technology as a more accurate complement or replacement to 2D, its little impact on existing processes and systems while deploying, and many more. Our in-depth analysis covers the prevalent market trends and presents the future scenario of the biometric market in different verticals, applications, and regions. E-commerce, financial services, and retail are set to emerge as the significant segments for biometrics vendors.
The report, “Biometric Market Forecast to 2014, covers various biometric technologies, and includes their working pattern and recent developments relating to them. The study identified that AFIS recognition currently dominates the global biometric technology market, and other tools are also gaining ground. Emerging technologies, like Gait and ear shape recognition, and keystroke dynamics, among others have also been discussed in the report along with their advantages. It was found that companies are looking for such software products which reduce time spent on integration, and biometric authentication in multi-layer security architecture would be the next big thing in network security. Such trends and drivers, which are influencing the market growth, have been elaborated in the comprehensive research report. It also includes the major biometrics initiatives being undertaken by various countries, and analysis and statistics regarding market size, growth, and segmentation, among others.
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