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Automated Fingerprint Identification System Afis Market

Automated Fingerprint Identification System (AFIS) Market Forecasts to 2028 – Global Analysis By Component (Hardware, Software, Service), Search Type (Latent Print to Latent Print Search, Tenprint to Tenprint Search) and By Geography

4.1 (55 reviews)
Published: November 2021 ID: SMRC21131
4.1 (55 reviews)
Published: November 2021 ID: SMRC21131

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Automated Fingerprint Identification System (AFIS) Market is accounted for $8.49 billion in 2020 and is expected to reach $34.14 billion by 2028 growing at a CAGR of 19.0% during the forecast period. Factors such as increasing prevalence of network security threats, growing number of online transactions, and rising adoption of digital processes are driving the growth of the market. However, availability of alternative technologies like iris and face recognition technologies is hampering the growth of the market.

Automated fingerprint identification system is a biometric categorization method that uses digital imaging information. It is majorly used to compare fingerprints and capture criminals. It has been used in large-scale community identifications, the chief reason of which is to prevent multiple enrollments in an electoral.

Based on the end user, the government segment is anticipated to expand at a rapid pace during the forecast period due to the rising need to eliminate issues such as identity theft or false identity. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the due increasing focus of governments towards the deployment of biometric solutions to boost the security level.

Some of the key players profiled in the Automated Fingerprint Identification System (AFIS) Market include 3M Cogent Inc., Fujitsu Limited, Crossmatch Technologies Inc, Morpho SA, Suprema Incorporation, NEC Corporation, Dermalog Identification Systems Gmbh, HID Global Corporation, Papillon Systems, Afix Technologies Incorporation, East Shore Technologies, Sonda Technologies Ltd, Gemalto NV, DEMIA, and M2sys Technology.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 8.49 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

19.0%

Predicted 2028 Value:

USD 34.14 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

247

Chapters Covered:

Component, Search Type, Deployment, Product, Application, End User, and Region

Core Drivers and Opportunities:

  • Rising prevalence of network security threats
  • Increasing number of online transactions
  • Growing mobile solutions market

Restraining Factors & Market Threats:

  • Availability of alternative technologies
  • Entry barriers in large markets


Components Covered:
• Hardware
• Software
• Service

Search Types Covered:
• Latent Print to Latent Print Search
• Tenprint to Tenprint Search   

Deployments Covered:
• On Premises
• Cloud/Web Based

Products Covered:
• Multi Modal
• Single Modal

Applications Covered:
• Criminal
• Civil

End Users Covered:
• Defense & Security
• Government
• Banking, Financial services and Insurance (BFSI)
• Hospitality
• Consumer Electronics
• Healthcare
• Education
• Retail
• Transport/Logistics

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Automated Fingerprint Identification System (AFIS) Market is majorly driven by increasing prevalence of network security threats, growing number of online transactions, and rising adoption of digital processes.

The software segment is growing at a highest CAGR owing to the increasing demand for integrated AFIS products.

North America dominated with a significant market share due to the presence of major biometric vendors.

Asia Pacific market is growing at a highest CAGR owing to the increasing adoption of biometrics among enterprises and law enforcement agencies.

Key players in Automated Fingerprint Identification System (AFIS) Market include 3M Cogent Inc., Fujitsu Limited, Crossmatch Technologies Inc, Morpho SA, Suprema Incorporation, NEC Corporation, Dermalog Identification Systems Gmbh, HID Global Corporation, Papillon Systems, Afix Technologies Incorporation, East Shore Technologies, Sonda Technologies Ltd, Gemalto NV, DEMIA, and M2sys Technology.

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