Automated Fingerprint Identification System (AFIS) Market
The Global Automated Fingerprint Identification Systems (AFIS) Market Size 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) Market Size are widely used in ATM’s, smartphones, government sector, commercial & industrial sector and more.
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In the coming years, the Automated Fingerprint Identification Systems (AFIS) Market industry is expected to generate moderate revenue with investments in development, research, and tests toward Automated Fingerprint Identification Systems (AFIS) Market Size. However, the Automated Fingerprint Identification Systems (AFIS) Market Size market is reaching its maturing stage, and is expected to generate modest revenue for key players in the coming years.
Factors such the rising demand of the ASFI systems in banking & finance, and government sector, the increasing advantages of automated fingerprint identification systems over conventional method, and rising adoption of AFIS in smartphones and automated teller machines are expected to drive growth of the market in the future. However, Lack of skilled technicians acts as major barrier and hampers the market growth. Furthermore, factors such as rising demand of AFSI in border management, and growing adoption of online transactions across the globe are expected to offer lucrative opportunities for growth of the market.
Factors such the rising demand of the ASFI systems in banking & finance, and government sector, the increasing advantages of automated fingerprint identification systems over conventional method, and rising adoption of AFIS in smartphones and automated teller machines are expected to drive growth of the market in the future. However, Lack of skilled technicians acts as major barrier and hampers the market growth. Furthermore, factors such as rising demand of AFSI in border management, and growing adoption of online transactions across the globe are expected to offer lucrative opportunities for growth of the market.
The Automated Fingerprint Identification Systems (AFIS) market is analyzed by component, search type, and application. By component, the market is divided into software, and hardware. By search type, the market is divided into tenprint search, and latent search. By application, it is divided into commercial, governments, banking &finance, healthcare, hospitality and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEAlong with its prominent countries.
Segmentation Analysis
The Automated Fingerprint Identification Systems (AFIS) Market is analyzed by component, search type, application and region. By component, the market is divided into software, and hardware. By search type, the market is divided into tenprint search, and latent search. By application, it is divided into commercial, governments, banking & finance, healthcare, hospitality and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.
COVID-19 Impact Analysis
The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.
The COVID-19 pandemic has impacted the society and overall economy across the globe. The impact of this outbreak has grown day-by-day that affects the supply chain. This has created uncertainty in the stock market, decreased business confidence, slowed supply chain, and increased panic among customers.
Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
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Automated Fingerprint Identification Systems (AFIS) Market Segments
Automated Fingerprint Identification Systems (AFIS) Market by Component
Software
Hardward
Automated Fingerprint Identification Systems (AFIS) Market by Search Type
Tenprint Search
Latent Search
Automated Fingerprint Identification Systems (AFIS) Market by Application
Commercial
Governments
Banking & Finance
Healthcare
Hospitality
Other
Automated Fingerprint Identification Systems (AFIS) Market 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
The future of Automated Fingerprint Identification System (AFIS) Market
The future of Automated Fingerprint Identification System (AFIS) Market looks bright as it continues to evolve with advancements in technology. With the growing demand for biometric identification systems, AFIS is expected to see significant growth in the coming years.
Competitive Landscape and Automated Fingerprint Identification System (AFIS) Market
Safran (France), NEC Technologies India Private Limited (India), FUJITSU (Japan), Aware, Inc. (U.S.), Gemalto Cogent, Inc. (U.S.), BIO-key International, Inc. (U.S.), Precise Biometrics AB (Sweden), secunet Security Networks AG. (Germany), Thales Group (France), Cognitec Systems GmbH (Germany), Crossmatch. (U.S.), Fulcrum Biometrics, LLC. (U.S.), Daon (Ireland)
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