SOURCE: MarketResearch.com

MarketResearch.com

January 30, 2012 05:08 ET

Market Research Projects Automated Fingerprint Identification System Market Growth at 15% CAGR Through 2014

ROCKVILLE, MD--(Marketwire - Jan 30, 2012) - MarketResearch.com has announced the addition of the new report "Global Automated Fingerprint Identification System Market 2010-2014" to their collection of Security & Privacy market reports. For more information, visit http://www.marketresearch.com/Infiniti-Research-Limited-v2680/Global-Automated-Fingerprint-Identification-System-6773841/

This report forecasts the Global Automated Fingerprint Identification System (AFIS) market to grow at a CAGR of 15 percent over the period 2010-2014. One of the key factors contributing to this market growth is the increase in implementation of e-Governance projects. The Global AFIS market has also been witnessing the increase in availability of tailor-made AFIS applications as per the customers' requirements. However, the need for higher standards and the ability to intercommunicate could pose a challenge to the growth of this market.

Commenting on the report, an IT Security analyst said, "With increasing price pressure and increasing competition, many new vendors are expected to enter the market; these new vendors are local niche vendors already present in other verticals. Currently, the market is witnessing strong adoption of AFIS applications in developing regions further driving the market. Hence, one of the major trends for the future will be expected entrance of new vendors in the market."

According to the report, the identification of individuals for security reasons is a high concern for governments and hence the increasing demand for issuing assured certificates such as e-passports, national ID cards, driving licenses, and voter registration is driving the civil AFIS demand. As a result of its high reliability, speed, and accuracy, it can prevent or identify duplicate applications and fraudulent documents by efficiently verifying available database. Currently, strong growth is anticipated in larger projects from different geographies such as the APAC region, Latin America, and Eastern Europe.

For more information, visit http://www.marketresearch.com/Infiniti-Research-Limited-v2680/Global-Automated-Fingerprint-Identification-System-6773841/

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