Automated Fingerprint Identification Systems (AFIS) Market

Automated Fingerprint Identification Systems (AFIS) Market Size

             2022                         2023 to 2030      

Report	Details
Market Size Value	USD 14.8 Billion in 2023
Market Size Value	USD XX Billion by 2030
CAGR	20.64%
Forecast Period	2023 to 2030
Historic Data	2022
Segments Covered	Component, Search Type, End-use Industry
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players in the Automated Fingerprint Identification Systems (AFIS) Market include Cisco Systems, Inc., Hewlett Packard Enterprise (HPE), IBM Corporation, Juniper Networks, Inc., Netscout Systems, Inc., Broadcom Inc., Nokia Corporation, SolarWinds Worldwide, LLC, VIAVI Solutions Inc., Riverbed Technology, Inc., AppNeta, Gigamon, Paessler AG, Micro Focus International plc, ExtraHop Networks, and Others.

Automated fingerprint identification systems are employed to authenticate individuals based on their fingerprints. The integration of biometric systems for authorized access to restricted areas and the prevention of unauthorized entry is anticipated to witness significant adoption by both enterprises and government institutions. AFIS applications find notable utility in various domains, including electronic voter registration, election management, fraud prevention, e-passports, biometric visas, and digital documentation.

AFIS serves as a solution to the labour-intensive and time-consuming process of categorizing, analysing, and comparing fingerprints for authentication purposes. Typically employed by government agencies, AFIS finds particular utility in criminal identification, enabling the identification of individuals accused of crimes or establishing links to previous wrongful convictions. Additionally, it plays a pivotal role in identifying victims of both environmental and man-made disasters. The market is poised for growth as the demand for comprehensive AFIS solutions increases and digital payment alternatives gain global traction. Moreover, the escalating security concerns, the imperative for seamless integration, and the surge in online transactions are anticipated to fuel the expansion of the market. However, during the projected period, the availability of alternative identification methods such as facial, voice, and retinal recognition is expected to hinder the growth of the automated fingerprint identification system market. Challenges related to the collection and analysis of fingerprint patterns due to distortions further stand to moderately restrict market growth.

Rising Demand of the ASFI Systems in Banking & Finance, and Government Sector

Increasingly, there is a growing demand for Automated Fingerprint Identification Systems (AFIS) in sectors such as banking and finance, as well as government agencies. These systems are sought after for their ability to provide enhanced security and efficient authentication processes. In the banking and finance sector, AFIS systems are being utilized to strengthen identity verification during financial transactions, preventing fraudulent activities, and ensuring the privacy of customer information. Similarly, in the government sector, AFIS systems play a crucial role in criminal identification, managing law enforcement databases, and securing sensitive government data. The heightened emphasis on security and accurate identity verification in these sectors is driving the adoption of AFIS systems, contributing to their increased prominence and usage.

Highly used in banking and financial sector

The ASFI market is poised for growth due to the escalation in investments within the banking and finance sectors, alongside the surging demand for secure financial transactions. The increasing adoption of automated fingerprint identification system (ASFI) technology is gaining momentum within the banking sector as a means to ensure heightened security, maintain privacy, and facilitate secure financial transactions with ease.

Dominating Region and Country:

In the Global Automated Fingerprint Identification Systems (AFIS) Market, North America has maintained its revenue dominance in the domain of Automated Fingerprint Identification Systems (AFIS). This trajectory is anticipated to persist throughout the forecast period, attributed to the early adoption of the technology and the presence of prominent AFIS providers within the region. Additionally, the market's growth is foreseen due to its escalating application in sectors like BFSI, retail, and education. Notably, within North America, entities like the Federal Bureau of Prisons, U.S. Customs and Border Protection (CBP), and the Federal Bureau of Investigation (FBI) are driving the demand for AFIS technology, particularly for criminal identification purposes. The awareness of privacy rights and responsible surveillance technology usage is mounting among the populace, especially in the United States. This has implications for the efficacy of facial recognition technology in ensuring national security, as continuous camera monitoring can compromise individuals' privacy.

As for upcoming regions, the Asia Pacific region is poised to present substantial growth prospects due to the increasing adoption of automated fingerprint identification systems by both law enforcement agencies and enterprises aiming to bolster security measures against potential threats. The rapid adoption of AFIS solutions in countries such as China, India, Singapore, South Korea, and others is projected to accelerate market growth in this geographical area. Moreover, the heightened awareness among end-users about the security applications of AFIS, the availability of cost-effective devices based on this technology, and continuous technological advancements in the system are pivotal factors driving the notable expansion of the market in the APAC region. Additionally, the presence of a sufficient number of market vendors is contributing to the rising demand for automated fingerprint identification systems within the region.

The Automated Fingerprint Identification Systems (AFIS) Market research report provides an in-depth overview of the industry including market segmentation by Component, Search Type, End-use Industry, and Region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players concerning each type of market, in-depth market share analysis with individual revenue, market shares, and top players’ rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, plans, and Automated Fingerprint Identification Systems (AFIS) Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

• By Component
  • Hardware
    • Fingerprint Input Modules
      • Optical Sensors
      • Capacitive Sensors
      • Ultrasound Sensors
      • Thermal Sensors
    • Microprocessors/Microcontrollers
    • Displays
    • Others
  • Software
    • Matchers
    • Database Fingerprints
  • Service
• By Search Type
  • Tenprint to Tenprint Searches
  • Latent to Latent Searches
• By End-use Industry
  • BFSI
  • Consumer Electronics
  • Defence & Security
  • Government
  • Healthcare
  • Transport/Logistics
  • Others
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
      • UAE
      • Saudi Arabia
      • Israel
      • Rest of the Middle East
    • Africa
      • South Africa
      • Rest of the Middle East & Africa

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