Automated Fingerprint Identification System (AFIS) Market to Reach USD 45.59 Billion by 2029

In this swiftly revolutionizing industry, market research or secondary research is the best approach to collect the information quickly and hence Global Automated Fingerprint Identification System (AFIS) Market research report is vital. This market report has been prepared with the combination of steps which employs a nice blend of industry insights, practical solutions, and latest tools and technologies. The report aids in identifying and analysing the rising trends along with major drivers, inhibitors, challenges and opportunities in the market. SWOT analysis and Porter's Five Forces Analysis are the two constantly and favorably used tools for structuring the world class market report.

The market analysis and insights covered in the persuasive Automated Fingerprint Identification System (AFIS) market research report provides key statistics on the market status of global and regional manufacturers and is an important source of guidance which gives proper direction to the companies and individuals interested in the industry. Deadline driven generation of report, commitment for the quality and transparency in research method are few of the features with which Automated Fingerprint Identification System (AFIS) report can be referred confidently. Achieving maximum return on investment (ROI) is one of the most aspiring goals for any industry which can be achieved with the greatest market research report.

Automated fingerprint identification system (AFIS) is a biometric identification system which has designed to help law enforcement authorities such as investigative agencies and police in solving the criminal cases as well as immigrant and border security. However, automated fingerprint identification software has found its way into various government and private organizations that are rapidly growing. Since each fingerprint has unique print, the fingerprints are regarded as a full-proof detection technique. Fingerprinting is progressively being used to prevent fraud as digital technology advances. Automated fingerprint verification is normally used in a variety of other systems, including attendance and access control.

Data Bridge Market Research analyses that the automated fingerprint identification system (AFIS) market was valued at USD 10.16 billion in 2021 and is expected to reach USD 45.59 billion by 2029, registering a CAGR of 20.64% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Automated Fingerprint Identification System (AFIS) is a biometric identification system which uses digital imaging technology to match and evaluate fingerprints from a database. The automatic fingerprint identification system software also allows real-time database uploading, acquisition, and storage.

Drivers

Payment Security Concerns

Growing offline and online payment security concerns globally is the vital factor which is expected to drive the growth of the automated fingerprint identification systems. Some of the prominent areas of AFIS application such as ID registries, e-passports, general identification and fraud prevention, biometric visas, digitized driver licenses, and electronic voter registration and election management.

Highly used in banking and financial sector

Increasing investments in banking and finance sectors and rising demand for secure financial transactions are those factor which are expected to drive the growth of the ASFI market. There is a growing acceptance of automated fingerprint identification system technology in banking sector to maintain the security and privacy and make simple protected financial transactions.

Global Automated Fingerprint Identification System (AFIS) Market: Competitive Analysis

This report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies. The competitive analysis helps the vendor to define an alignment or fit between their capabilities and opportunities for future growth prospects.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Automated Fingerprint Identification System (AFIS) Market including Safran (France), NEC Technologies India Private Limited (India), FUJITSU (Japan), Aware, Inc. (U.S.), Gemalto Cogent, Inc. (U.S.), BIO-key International, Inc. (U.S.), Precise Biometrics AB (Sweden), secunet Security Networks AG. (Germany), Thales Group (France), Cognitec Systems GmbH (Germany), Crossmatch. (U.S.), Fulcrum Biometrics, LLC. (U.S.), Daon (Ireland), Facebanx (U.S.), HID Global Corporation/ASSA ABLOY AB. (U.S.), SUPREMA. (South Korea), IRITECH, INC. (U.S.), and M2SYS Technology (U.S.), among others.

It becomes easy to achieve supreme level of insights and obtain knowhow of the best market opportunities into the specific markets with Automated Fingerprint Identification System (AFIS) market report. The report lists down the company profiles of major market players and brands which explore their actions about product launches, product enhancements, joint ventures, mergers and acquisitions with respect to effect on the sales, import, export, revenue and CAGR values. To acquire best quality market data and information specific to the niche and business requirements, this market report has a lot to offer.

For Complete Report Details, Visit @ https://www.databridgemarketresearch.com/reports/global-automated-fingerprint-identification-system-afis-market

Major Regions:

Geographically, this report split into several key regions, with sales (MT), Revenue (Million USD), market share, and growth rate for these regions, covering

**North America (United States, Canada and Mexico)

**Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

**Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

**South America (Brazil, Argentina, Colombia, and Rest of South America)

**Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

North America dominates the automated fingerprint identification system (AFIS) market in terms of market revenue. This is due to the dominance of majority of manufacturers along with the adoption of advanced technology in this region.

Asia-Pacific is anticipated to be the fastest developing region due to the growing initiatives which has taken by government to deliver personal tax ID and unique identity number based on their biometric information in this region.

Crucial Takeaways: Global Automated Fingerprint Identification System (AFIS) Market

Committed to offer real time data on ongoing market developments and trends, this detailed research report on global Automated Fingerprint Identification System (AFIS) market also entails a clear and detailed overview of the this market amidst the global pandemic and the various pandemic management operation designed and implemented by frontline and contributing players alike.

The report particularly zooms in to find the prominent market alterations affecting global Automated Fingerprint Identification System (AFIS) market in a multi-dimensional scheme encompassing production and consumption patterns, CAGR percentage, pricing alteration, besides lending significant awareness upon evident challenges, threats, development cycles.

The report includes detailed market overview inclusive of details in the historical and current timelines. The report scouts for noteworthy trends and profit generation trends in the past decades, followed by current status.

The multi-timeline Automated Fingerprint Identification System (AFIS) market analysis is in place to allow market players devise growth-oriented business strategies and tactical decisions, thus securing healthy growth trail and profit numbers in the foreseeable future.

Relevant details on prevalent market competition and rising intensity with inclusion of new market players also find ample mention in the report to evoke wise comprehension and appropriate growth related business strategies, favoring strong competitive edge. Details on technological innovation, and inputs on M&A developments, commercial agreements have all been touched upon in this illustrative research report on the Automated Fingerprint Identification System (AFIS) market.

Key Pointers Covered in Table of Content:

Chapter 1. Report Overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share by Key Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Market by End Users/Application

Chapter 6. COVID-19 Outbreak: Automated Fingerprint Identification System (AFIS) Industry Impact

Chapter 7. Opportunity Analysis in Covid-19 Crisis

Chapter 8. Market Driving Force

And Many More…

Customization of the Report:

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Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

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