Automated Fingerprint Identification Systems (AFIS) Market To Witness Comprehensive Growth By 2030

Rise in demand of the ASFI systems in banking & finance, & government sector and surge in adoption of AFIS in smartphones & automated teller machines (ATM) drive the growth of the global AFIS market.

However, lack of skilled technicians hinders the market growth. On the other hand, rise in demand of AFSI in border management and growth in adoption of online transactions across the globe present new opportunities in the coming years.

Download Sample Report (Get Full Insights in PDF - 295 Pages) at: https://www.alliedmarketresearch.com/request-sample/12561

Based on component, the hardware segment held the highest market share in 2020, accounting for nearly three-fifths of the global AFIS market, and is estimated to maintain its leadership status throughout the forecast period.

This is due to adoption of hardware system in police department. Moreover, the software segment is projected to manifest the highest CAGR of 24.8% from 2021 to 2030, owing to continuous technological advancements in software technology.

Based on application, the government segment accounted for the largest share in 2020, contributing to more than one-fourth of the global AFIS market, and is projected to maintain its lead position during the forecast period.

This is due to usage of AFSI in government for security verification. However, the hospitality segment is expected to portray the largest CAGR of 26.6% from 2021 to 2030, owing to usage of AFSI for passport services.

Access full summary at: https://www.alliedmarketresearch.com/automated-fingerprint-identification-system-market-A12196

Based on region, North America held the highest market share in terms of revenue in 2020, accounting for more than one-third of the global AFIS market.

This is due to presence of major players in this region. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 26.6% from 2021 to 2030, owing to increase in demand for security screening.

Key Benefits for Stakeholders:

• This study comprises analytical depiction of the Automated Fingerprint Identification Systems (AFIS) market size, Automated Fingerprint Identification Systems (AFIS) market growth along with the current trends and future estimations to depict imminent investment pockets.

• The overall Automated Fingerprint Identification Systems (AFIS) market analysis and Automated Fingerprint Identification Systems (AFIS) market outlook is determined to understand the profitable trends to gain a stronger foothold.

• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

• The present Automated Fingerprint Identification Systems (AFIS) market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.

• Porter's five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.

• The report includes the market trends, Automated Fingerprint Identification Systems (AFIS) market size and the Automated Fingerprint Identification Systems (AFIS)market share of key vendors.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/12561

Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.