The global automated fingerprint identification system (AFIS) market size
is projected to reach USD 12.46 billion by 2025, according to a new study
conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of
18.4% over the forecast period. Increasing demand for advanced security systems
across various business domains is expected to boost the growth. In addition,
rising adoption of mobile payment solutions and demand for integrated AFIS
solutions are expected to fuel the expansion.
AFIS is increasingly used to cater to the safety
and security needs of individuals and organizations, on account of growing
number of threats across the globe. A biometric identification system is
difficult to circumvent. Systems based on this technology provide a secure
identification and verification mechanism to mitigate the level of transaction
frauds and security breaches. This factor is expected to drive the demand for
automated fingerprint identification systems over the forecast period.
Smart homes are equipped with advanced security
systems such as fingerprint access control. Additionally,existing building
retrofits are installing biometric security systems to counter thefts and
malicious entries. This is further expected to boost the market growth.
Furthermore, increasing terrorist activities and theft cases have compelled
governments to deploy AFIS solutions in various government agencies, which, in
turn, is expected to drive the market in near future.
The rising demand for AFIS technology in
enterprises to monitor the attendance of employees is expected to propel the
market growth. Developers are focusing on introducing automated fingerprint
identification systems that can withstand extreme conditions and can be used
suitably across various industries, including manufacturing, IT and
telecommunication, construction, and oil and gas, among others.
Browse full research report on Automated
Fingerprint Identification System Market:
https://www.grandviewresearch.com/industry-analysis/automated-fingerprint-identification-system-market
Further key
findings from the study suggest:
- Software segment is anticipated to account for a significant
market share over the forecast period owing to the advantages offered by
biometric identity and security software
- Government segment is expected to account for a significant market
share over the forecast period owing to the increasing use of AFIS
technology in e-governance applications and law and enforcement agencies
- North America is expected to continue to lead the market over the
forecast period and reach USD 4.05 billion by 2025. Growing adoption of
AFIS by law enforcement agencies for criminal identification is
anticipated to propel regional market
- Key companies operating in the Automated Fingerprint
Identification System (AFIS) market include Gemalto NV; NEC Corporation;
Crossmatch; IDEMIA; Dermalog Identification Systems GmbH; SUPREMA; Fujitsu
Limited; Sonda Technologies; HID Global Corporation; Papillon Systems;
East Shore Technologies, Inc.; and AFIX Technologies.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/automated-fingerprint-identification-system-market/request/rs1
Grand
View Research has segmented the global Automated Fingerprint Identification
System (AFIS) market on the basis of component, end use, and region:
Automated
Fingerprint Identification System (AFIS) Component Outlook (Revenue, USD
Million; 2014 - 2025)
- Hardware
- Software
- Service
Automated
Fingerprint Identification System (AFIS) End-use Outlook (Revenue, USD Million;
2014 - 2025)
- Banking &
Finance
- Consumer Electronics
- Defense &
Security
- Government
- Healthcare
- Transport/Logistics
- Others
Automated
Fingerprint Identification System (AFIS) Regional Outlook (Revenue, USD
Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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