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.
Full Research Report On Automated Fingerprint Identification System Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/automated-fingerprint-identification-system-market
Automated
Fingerprint Identification System Market Report Highlights
- 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.
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https://www.grandviewresearch.com/industry-analysis/automated-fingerprint-identification-system-market/request/rs1
Automated Fingerprint
Identification System Market Segmentation
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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