Fingerprinting market to increase despite falling prices

Nov 19, 2003 12:00 PM

Though prices of finger-scan systems, also known as non-automated fingerprint identification systems (Non-AFIS), have been declining over the years, they are still relatively more expensive than other existing security solutions such as magnetic stripe cards and proximity cards.

However, finger-scan devices are more robust, reliable and accurate than traditional devices, leading research firm Frost and Sullivan to predict total market revenues to reach $1,562.6 million in 2009, rising from $75.4 million in 2002.

The trade-off between price and value received in the non-AFIS fingerprint market must be advantageous to clients, especially since biometric systems are more expensive than traditional security solutions, the firm says. Most customers have begun to prioritize security over price but several cost-conscious clients may choose to adopt inexpensive, though less reliable solutions.

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