Automated Fingerprint Identification Systems (AFIS) Market By Component (Software and Hardware), By Search Type (Tenprint Search, and Latent Search) and Application (Commercial, Governments, Banking & Finance, Healthcare, Hospitality, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global automated fingerprint identification system market was valued at $8.42 Billion in 2020, and is projected to reach $68.00 Billion by 2030, growing at a CAGR of 23.3% from 2021 to 2030.
The Automated Fingerprint Identification System (AFIS) is a biometric identification system that uses digital imaging technology to obtain, store, and analyze fingerprint data. Fingerprinting is a form of personal identification using finger print scan. Automated Fingerprint Identification Systems (AFIS) are widely used in ATM’s, smartphones, government sector, commercial & industrial sector and more.
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The Rising Demand of the ASFI Systems in Banking & Finance, and Government Sector
Increasing demand for secure financial transactions and rising investments in banking & finance & government sectors are driving the growth of the ASFI market.
There is an increasing acceptance of automated fingerprint identification system technology in government and banking sector to make simple protected financial transactions and maintain the security and privacy.
For instance, now-a-days banks introduced fingerprint verification technology for mobile banking for customers who use mobile phones enabled with fingerprint access control. Moreover in government sector, fingerprinting is largely being used for criminal investigation and for fraud prevention.
Also government bodies highly adopt AFIS as it improve crime solving performance. In addition it is also used for attendance and identification in these sectors. Hence these factors are driving the market growth.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the Automated Fingerprint Identification Systems (AFIS) market size, Automated Fingerprint Identification Systems (AFIS) market growth along with the current trends and future estimations to depict imminent investment pockets.
- The overall Automated Fingerprint Identification Systems (AFIS) market analysis and Automated Fingerprint Identification Systems (AFIS) market outlook is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The present Automated Fingerprint Identification Systems (AFIS) market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
- The report includes the market trends, Automated Fingerprint Identification Systems (AFIS) market size and the Automated Fingerprint Identification Systems (AFIS)market share of key vendors.
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Automated Fingerprint Identification Systems (AFIS) Market Report Highlights
| Aspects | Details |
|---|---|
| By Component | SoftwareHardware |
| By Search Type | Tenprint SearchLatent Search |
| By Application | CommercialGovernmentsBanking & FinanceHealthcareHospitalityOthers |
| By Region | North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Rest of Europe)Asia-Pacific (China, Japan, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa) |
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