The automated fingerprint identification system market size is expected to see exponential growth in the next few years. It will grow to $30.02 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to rising security concerns, increasing adoption in civil applications, increasing adoption in emerging economies, and rising demand in e-commerce and retail. Major trends in the forecast period include mobile AFIS solutions, cloud-based AFIS, integration with edge computing, blockchain for secure fingerprint data management, IoT integration for smart access control.
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Segmentation & Regional Insights
The automated fingerprint identification system market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Identification: Latent Print Identification, Tenprint Identification
3) By End Use: Banking And Finance, Consumer Electronics, Defense And Security, Government, Healthcare, Transport Or Logistics, Other End Uses
North America was the largest region in the automated fingerprint identification system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated fingerprint identification system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing incidence of identity theft and fraud is expected to propel the growth of the automated fingerprint identification system market going forward. Identity theft and fraud is a criminal act where an individual's personal information, such as name, social security number, or financial account details, is unlawfully obtained and used by another person for fraud. The increase in theft and fraud is due to the widespread adoption of digital technologies and online platforms, the proliferation of dark web marketplaces, weak security practices, and inadequate cybersecurity measures. Automated fingerprint identification systems are critical in combating identity theft and fraud by providing secure biometric authentication methods and safeguarding against unauthorized access and fraudulent activities. For instance, according to reports published by Experian, an Ireland-based information services company, the number of consumer identity theft complaints in the U.S. rose 3.3% to just over 1.43 million in 2022 from about 1.39 million in 2020. Therefore, the rise of identity theft and fraud drives the growth of the automated fingerprint identification system market.
Key Industry Players
Major companies operating in the automated fingerprint identification system market are Facebook, Fujitsu Limited, Safran Group, Thales Group, Gemalto Cogent Inc., NEC Technologies India Private Limited, HID Global Corporation, secunet Security Networks AG, M2SYS Technology, Suprema Incorporation, Crossmatch, Dermalog Identification Systems GmbH, 3M Cogent Inc., Daon, AFIX Technologies Inc., Cognitec Systems GmbH, Papillon Systems, Aware Inc., Biometrics4ALL Inc., BIO-key International Inc., Precise Biometrics AB, East Shore Technologies, Fulcrum Biometrics LLC, Morpho SA, Sonda Technologies Ltd.
The automated fingerprint identification system market report table of contents includes:
1. Executive Summary
2. Automated Fingerprint Identification System Market Characteristics
3. Automated Fingerprint Identification System Market Trends And Strategies
4. Automated Fingerprint Identification System Market - Macro Economic Scenario
5. Global Automated Fingerprint Identification System Market Size and Growth
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31. Automated Fingerprint Identification System Market Other Major And Innovative Companies
32. Global Automated Fingerprint Identification System Market Competitive Benchmarking
33. Global Automated Fingerprint Identification System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Fingerprint Identification System Market
35. Automated Fingerprint Identification System Market Future Outlook and Potential Analysis
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Global Automated Fingerprint Identification Systems (AFIS) Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “ Provides In-Depth Analysis Of Parent Market Trends, Macro-Economic Indicators And Governing Factors Along With Market Attractiveness As Per Segments.Introduction:Automated Fingerprint Identification Systems (AFIS) is a method in which fingerprints from individuals are stored as digital images in a database.
Automated fingerprint identification systems are primarily used by law enforcement agencies for criminal identification initiatives, the most important of which include identifying a person suspected of committing a crime or linking a suspect to other unsolved crimes.Scope of the Global Automated Fingerprint Identification Systems (AFIS) Market ReportThis report focuses on the Automated Fingerprint Identification Systems (AFIS) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
This report categorizes the market based on manufacturers, regions, type and application.Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2191998 The worldwide market for Automated Fingerprint Identification Systems (AFIS) is expected to grow at a CAGR of roughly 9.6% over the next five years, will reach 420 million US$ in 2023, from 240 million US$ in 2017, according to a new GIR (Global Info Research) study.Firstly, as for the global Automated Fingerprint Identification Systems (AFIS) industry, the top three manufacturers have 7.74% revenue market share in 2015.
Secondly, the revenue of world Automated Fingerprint Identification Systems (AFIS) sales market has a rising from 1597.30 m dollars in 2014 to 1808.28 m dollars.
In the foreseeable future, the Automated Fingerprint Identification Systems (AFIS) products will show an optimistic upward trend.
Finally, although sales of Automated Fingerprint Identification Systems (AFIS) products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the Automated Fingerprint Identification Systems (AFIS) field hastily.
The latest trending report Global Automated Fingerprint Identification Systems (AFIS) Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Automated Fingerprint Identification Systems (AFIS) market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Automated Fingerprint Identification Systems (AFIS) market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 9.1%% in the forecast period of 2020 to 2025 and will expected to reach USD 430.8 million by 2025, from USD 304.1 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/27679-automated-fingerprint-identification-systems-afis-market-analysis-reportThe major players covered in Automated Fingerprint Identification Systems (AFIS) are:NECCrossmatchSupremaMorphoFujitsu3M CogentAfix TechnologiesHID GlobalDermalogM2sysPapillon SystemsEast ShorePU HIGH-TECHBy Type, Automated Fingerprint Identification Systems (AFIS) market has been segmented intoSingle Modal AFISMulti Modal AFISBy Application, Automated Fingerprint Identification Systems (AFIS) has been segmented into:CriminalCivilThe report offers in-depth assessment of the growth and other aspects of the Automated Fingerprint Identification Systems (AFIS) market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Automated Fingerprint Identification Systems (AFIS) Market @ https://www.decisiondatabases.com/contact/download-sample-27679The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Automated Fingerprint Identification Systems (AFIS) product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Automated Fingerprint Identification Systems (AFIS), with price, sales, revenue and global market share of Automated Fingerprint Identification Systems (AFIS) in 2018 and 2019.Chapter 3, the Automated Fingerprint Identification Systems (AFIS) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Automated Fingerprint Identification Systems (AFIS) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Automated Fingerprint Identification Systems (AFIS) market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Automated Fingerprint Identification Systems (AFIS) sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Automated Fingerprint Identification Systems (AFIS) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-27679Other Reports by DecisionDatabases.com:Global Automatic Identification Systems Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Satellite-based Automatic Identification Systems Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Plant Identification Apps Market 2020 by Company, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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