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Global Automated Fingerprint Identification Systems (AFIS) Market will Generate New Growth Opportunities by 2027 | 3M Cogent, Morpho SA, NEC Corporation, Fujitsu Ltd

Global Automated Fingerprint Identification Systems (AFIS) Market

The global Automated Fingerprint Identification System (AFIS) market size was valued at USD 3.26 billion in 2020. It is expected to expand at a CAGR exceeding 18.4% from 2021 to 2027.

Latest added Automated Fingerprint Identification Systems (AFIS) Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are 3M Cogent Inc., Morpho SA, NEC Corporation, Fujitsu Ltd., Crossmatch Technologies Ltd., HID Global Corporation. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

This report studies the Automated Fingerprint Identification Systems (AFIS) Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Automated Fingerprint Identification Systems (AFIS) Market by companies, region, type and end-use industry.

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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Automated Fingerprint Identification Systems (AFIS) Market, By Component (Hardware, Software), Search Type (Tenprint to Tenprint Searches, Latent to Latent Searches), Application (Government, Healthcare, Transportation, Hospitality, Banking & Finance) and Geography – Global Forecast to 2026”. Early buyers will get 10% customization on study.

To Avail deep insights of Automated Fingerprint Identification Systems (AFIS) Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in Automated Fingerprint Identification Systems (AFIS) Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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The global Automated Fingerprint Identification System (AFIS) market size was valued at USD 3.26 billion in 2020. It is expected to expand at a CAGR exceeding 18.4% from 2021 to 2027.

The automated fingerprint identification system is the biometric identification technique which obtains, stores, and analyzes the fingerprint data using digital imaging technology. The report aims at estimating the market size and future growth potential of the market across different segments such as components, search types, applications, and regions. The base year considered for the study is 2014, and the market size is estimated for the period 2015–2020. With the rise in use of identification systems, AFIS is expected to play a key role in fueling the growth of the market in the next five years.

The research methodology used to estimate and forecast the automated fingerprint identification system market begins with capturing data on key vendors’ revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

The automated fingerprint identification system ecosystem comprises stakeholders such as the electronic hardware suppliers, mobile application developers, research organizations, and the technology standards organizations, alliances, forums among others.

Key Target Audience

  • Governments, financial institutions, and investment communities
  • System integrators
  • Analysts and strategic business planners
  • Semiconductor foundries
  • Biometric product manufacturers
  • Software vendors

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the MEA automated fingerprint identification system market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

The automated fingerprint identification system (AFIS) market size is expected to grow from USD 3.28 Billion in 2015 to USD 8.49 Billion by 2020, at a CAGR of 21.0% between 2015 and 2020. The increasing implementation of AFIS as the secure identification system is creating a huge demand for automated fingerprint identification system solutions across the world. The major factors driving the market are the transformation and technology evolution from manual process to digital process and the need for secure transaction. Furthermore, due to rise in the demand for integrated automated fingerprint identification system solutions and increasing adoption of mobile payment solutions, the market finds huge opportunity to flourish in the next five years.

In this report, the market is segmented on the basis of component, search type, application, and region. The AFIS market for software is expected to have the largest market share and is likely to dominate the market between 2015 and 2020because of the growing demand for integrated AFIS products. The government and transportation sectors are expected to play a key role in changing the automated fingerprint identification system landscape and would grow at the highest rate during the forecast period.

Automated fingerprint identification systems for tenprint searches are expected to dominate the AFIS market and to hold the largest market share, whereas latent print searches would grow at a steady rate during the forecast period from 2015-2020. The use of tenprint searches in the sectors such as hospitality, healthcare, and transportation is fueling the growth of the tenprint search AFIS market.

The automated fingerprint identification system solutions are being increasingly adopted in other verticals, such as the banking and finance, which have led to the growth of the market across the globe. The AFIS market for the hospitality and government sectors is estimated to witness high growth during the forecast period.

North America is expected to hold the largest market share and dominate the automated fingerprint identification system market between 2015 and 2020because of the presence of large number of biometric vendors. APAC offers potential growth opportunities as there is rise in adoption among enterprises and law enforcement agencies that are turning towards automated fingerprint identification system solutions to secure against potential threats.

The market, however, is restrained to grow as the devices are not compatible with each other. The data sharing and algorithmic performances have been a major drawback for the market to pick up. These technical challenges of interoperability need to be addressed to ensure the continual growth of the AFIS market. The major vendors in the automated fingerprint identification system market include 3M Cogent Inc. (U.S.), Morpho SA (France), NEC Corporation (Japan), Fujitsu Ltd. (Japan), Crossmatch Technologies Ltd. (U.S.), HID Global Corporation (U.S.), M2SYS Technology (U.S.), East Shore Technologies (U.S.), AFIX Technologies Inc. (U.S., Papillon Systems (Russia), Sonda Technologies Ltd. (Russia), Dermalog Identification Systems GmbH (Germany), and Suprema Incorporation (South Korea). These players adopted various strategies such as new product developments, collaborations, partnerships, and expansions to cater to the needs of the market.

The base year for calculation in this Automated Fingerprint Identification Systems (AFIS) Market business report is taken as 2020 while the historic year is 2019 which will tell how the market will perform in the forecast years by informing what the market definition, classifications, applications, & engagements are. This Automated Fingerprint Identification Systems (AFIS) Market report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers & market restraints that are based on the SWOT analysis. A large scale Automated Fingerprint Identification Systems (AFIS) Market report is a comprehensive study about the market which tells about the market status in the forecast period of 2021-2027.

All viewpoints in the report are based on iterative validation by engaging influencer, experts of the market, whose opinions supersede all other research methodologies. Both primary and secondary approach are used and detailed product portfolio / service offering were analysed and have been presented in a separate chapter of competitive landscape along with company profile.

Detailed Insights on Market Concentration Rate:
CR4, CR8 and HHI Index Analysis of Overall Market
Comparative Market Share Analysis (Y-o-Y)
Major Companies
Emerging Players – Heat Map Analysis

MarketDigits MR also offers Custom Research services providing focused, comprehensive and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter wise section or region wise report like North America, Europe or Asia.

Table of Contents
1 Market Overview
1.1 Global Automated Fingerprint Identification Systems (AFIS) Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force

2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Automated Fingerprint Identification Systems (AFIS) Type and Applications
2.1.3 Automated Fingerprint Identification Systems (AFIS) Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)

3 Global Automated Fingerprint Identification Systems (AFIS)Market Competition, by Manufacturer
4 Global Automated Fingerprint Identification Systems (AFIS)Market Analysis by Regions
5 Region 1, Type, Application and Manufacturers
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10 Global Automated Fingerprint Identification Systems (AFIS) Market Segment by Type
11 Automated Fingerprint Identification Systems (AFIS) Market Segment by Application
12 Automated Fingerprint Identification Systems (AFIS) Market Forecast (2021-2027)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
….Continued

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