LONDON, Nov. 27, 2015 /PRNewswire/ -- The rising use of biometrics in law enforcement mainly depends on the development of automated fingerprint identification system (AFIS). In addition to the advances in AFIS itself, extension of its life cycle and reduction in associated maintenance spend will be important to boost the technology's uptake.
New analysis from Frost & Sullivan, Enforcing the Law Using Biometrics, finds that the market earned revenues of $838 million in 2014 and estimates this to reach $1,129 million in 2021. The study covers LiveScan, Mobile ID and AFIS.
For complimentary access to more information on this research, please visit: http://ow.ly/V9aSN
The ever-increasing concern over domestic terrorism is one of the major drivers for biometrics in law enforcement. With biometrics, law enforcement agencies can deny anonymity to fraudsters, terrorists and criminals using the latest technology to calibrate attacks. Agencies can get information and intelligence to identify the criminal with precision and speed.
"While the need for system maintenance will strengthen the biometrics market across mature economies, new product adoption will be the key factor fuelling growth in less mature geographies," said Frost & Sullivan Manufacturing 4.0 Industry Analyst Ram Ravi. "Biometrics vendors will have to demonstrate their capabilities and establish a strong brand reputation to win tenders in these markets."
A key concern for vendors, however, is the limited budget allotted for new biometric technologies so that larger funds can be made available for projects of greater significance to countries' growth and security. The unfavourable global economic conditions will further cause governments to defer expenditure on new biometric technologies and reforms.
"One way to counter tight defence budgets is to slash the prices of biometric systems. This, in turn, will heighten the importance of middleware/services over hardware," noted Ravi.
Impending opportunities for middleware and software vendors are driving efforts to improve biometric algorithms for higher accuracy in the law enforcement process. Vendors that can successfully achieve this will have brighter prospects in the law enforcement space.
Enforcing the Law Using Biometrics is part of the Automatic Identification & Security Growth Partnership Service program. Frost & Sullivan's related studies include: Connected Devices and Growth of Global Radio Frequency Identification Market, The Global Finger and Palm Vein Biometrics Market, World Real-time Location Systems (RTLS) Market, and Global Iris Recognition Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Enforcing the Law Using Biometrics
SOURCE Frost & Sullivan