Description
Global AFIS (Automated Fingerprint Identification System) Market Research Report—Forecast till 2026
Market Snapshot
Global AFIS (Automated Fingerprint Identification System) Market is anticipated to register a notable CAGR of 23.8% to surpass the market value of USD 33,395.2 Million during the review period, 2020–2026. The AIFS uses digital imaging technology to acquire, collect, and determine fingerprint data. The technique has been around since25 years and now the advanced version of AIFS has been introduced as plain-impression live scanning. The system is mainly used for general biometric identification and fraud detection. The global AFSI market is expected to witness significant market growth due to the increasing applications of Automated fingerprint Identification systems in computers, mobile phones, electronic door locks, access control systems, and security safes. Additionally, one more factor fuelling the market growth is many organizations are using this system for employees to log in or log out at their workplace.
The global AFIS (Automated Fingerprint Identification System) Market accounted for USD 7,646.2 Million in 2019 and it is projected to witness an incredible market expansion during the forecast period. The Law of administrative agencies is using AFIS to compare fingerprints and arrest criminals. Moreover, increasing demand for access control systems in the government and civil sectors across the world is expected to enhance the market during upcoming years.
Market Segmentation
The global AIFS market has been categorized based on component, search type, End-User, and Region.
Based on components, the global AFIS (Automated Fingerprint Identification System) market has been categorized into fingerprint input modules, microprocessors, displays, and others.
The software segment is anticipated to register the largest market share to register a CAGR of 24.6% during the forecast period. The segment accounted for the highest share of 53.4% in 2018 with a market value of USD 3,326.1 million.
In terms of search type technique, the global market has been divided into Ten-Print Searches, Latent Searches. Based on the End User category the global AFIS market has been segmented into BFSI, Retail and Consumer Goods, Transportation, Healthcare, Government, Education, Hospitality, and Others.
Regional Analysis
The region-specific analysis of the Global AFIS (Automated Fingerprint Identification System) Market has been studied across four major regions namely North America, Europe, Asia-Pacific, the rest of the world.
North America is likely to drive the global AFIS market owing to the largest market share in 2019 with a market value of USD 2,755.3 million. The regional market is expected to exhibit a CAGR of 22.0% during the review period. The US drives the largest regional market owing to the existence of major market players.
Asia-Pacific is anticipated to drive the second largest market for AFIS followed by Europe.
Major Players
The Major players of the global AFIS (Automated Fingerprint Identification System) Market are 3M Cogent, Inc. (U.S.), M2SYS Technology (U.S.), Afix Technologies Inc (U.S.), Biometrics4ALL (U.S.), Safran Identity & Security (U.S.), NEC Corporation (Japan), Fujitsu (Japan), Cross Match Technologies, Inc. (U.S.), HID Global Corporation (U.S.), M2SYS Technology (U.S.) among others.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
