The Global Automated Fingerprint Identification System Market was valued at US$ 10.3 billion in 2021 and is expected to reach US$ 85 billion by 2032, finds Future Market Insights in a recent market survey. As per the findings of the report, it is projected that revenue through the Software segment in the Automated Fingerprint Identification System Market will grow at 21% CAGR during the forecast period.
The importance of automatic fingerprint recognition systems has increased due to the increase in criminal and terrorist activity. The automated fingerprint identification system is a biometric identification technique that gathers, stores, and analyses fingerprint data using digital imaging technology.
The fingerprint pattern-matching algorithm of software enables it to run significantly faster and more accurate searches of prints held in databases for research purposes in real-time at organizations like the FBI, CBI, and DAE. Traxler asserts that whereas the older.
North America will see continued revenue growth in the Automated Fingerprint Identification System Market throughout the Analysis Period
In terms of revenue, North America dominated the Automated Fingerprint Identification System (AFIS) market. This trend is anticipated to continue throughout the projection period due to the early adoption of the technology and the presence of prominent Automated Fingerprint Identification System manufacturers in the area.
The market is also anticipated to expand as a result of increased usage in the BFSI, retail, and educational sectors. The market for AFIS technology for criminal identification in North America is being driven by organizations like the Federal Bureau of Prisons, U.S. Customs and Border Protection (CBP), and the Federal Bureau of Investigation (FBI), among others.
Automated Fingerprint Identification System Market: Competition Insights
Automated Fingerprint Identification System manufacturing companies are largely aiming for mergers/partnerships and launching new products that cater to different domains. The key companies operating in the Automated Fingerprint Identification System Market Include Biometrics4ALL Inc., Suprema, Gemalto NV, Crossmatch (HID Global), DERMALOG Identification Systems GmbH, among others.
Recent Developments:
In May 2022, According to NRK, Norway aims to replace the digital ID authentication platform BankID with new apps that will require users to log in and access banking services online using face or fingerprint biometrics, as well as passwords or PINs in some situations.
In May 2022, Fingerprint Cards, a leading biometrics company announced a partnership with Transcorp and Mswipe to bring contactless biometric payment cards to India.
In March 2022, Suprema launched a new generation of access control products that focuses heavily on contactless solutions. The star of Suprema’s exhibit was BioStation 3, an all-in-one access control solution that provides multiple credential options from facial recognition and mobile access to QR codes, barcodes, and RFID cards. BioStation 3 will be released in the second half of the year.
In November 2021 — Suprema, announced the successful integration of its biometric access control products with Genetec Security Center, a unified security platform that connects security systems, sensors, and data in a single intuitive interface.
In November 2019, FingerID announced the launch of an artificial intelligence-enabled automated fingerprint identification system (AFIS) which provides accurate results in investigating criminals and fingerprint identification in immigration services.
Similarly, recent developments related to companies providing services for Automated Fingerprint Identification System Market have been tracked by the team at Future Market Insights, which is available in the full report.
Competitive Landscape:
Automated Fingerprint Identification System manufacturing companies are largely aiming for mergers/partnerships and launching new products that cater to different domains. The key companies operating in the Automated Fingerprint Identification System Market Include Biometrics4ALL Inc., Suprema, Gemalto NV, Crossmatch (HID Global), DERMALOG Identification Systems GmbH, M2SYS Technology, Morpho SA, 3M Cogent, Safran Identity and Security, NEC Corporation, Afix Technologies Inc., Biometrics4ALL, Fujitsu, Cross Match Technologies, HID Global Corporation, Morpho SA, The PU HIGH-TECH, IDEMIA, Suprema Incorporation, Papillon Systems, East Shore Technologies, Inc., AFIX Technologies, Sonda Technologies Ltd., ABC Inc., Accurate Biometrics, Inc., ACTAtek, Amadale Global Systems, Analogics Tech India Ltd., Anixter, Antheus Tecnologia LTDA, Aratek, Bio-Metrica LLC, BioRugged, BioRugged, Cognitec, Creative Time Solutions, Fingerprint Cards AB, Giesecke+Devrient Mobile Security GmbH, The Fingerprint Room Inc., ThreatMark, Veridas, UNION COMMUNITY Co., Ltd., IrisGuard, JENETRIC GmbH.
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