Press release
Automated Fingerprint Identification System Market Set to Reach 36.31 Billion by 2029 with 21% Yearly Growth
Automated Fingerprint Identification System Market
The automated fingerprint identification system market has expanded exponentially in recent years. It is anticipated to grow from $13.97 billion in 2024 to $16.94 billion in 2025, at a CAGR of 21.2%. The past growth was driven by increasing crime rates, the need for enhanced identity verification, heightened security concerns, rapid urbanization and population growth, and overall economic expansion.
The automated fingerprint identification system market is forecasted to experience rapid growth, reaching $36.31 billion by 2029 at a CAGR of 21.0%. Key drivers include growing security concerns, the increased adoption in civil applications, expanding markets in emerging economies, and the rise in demand for e-commerce and retail security. Trends include mobile AFIS solutions, cloud-based AFIS, edge computing integration, blockchain for secure data management, and IoT-based access control.
What Are the Forces Behind the Rapid Growth of the Automated Fingerprint Identification System Market?
The increasing incidence of identity theft and fraud is expected to propel the growth of the automated fingerprint identification system market. As identity theft and fraud become more prevalent, driven by increased online activities and weak security practices, the need for advanced biometric authentication methods is rising. Automated fingerprint identification systems help prevent unauthorized access and protect against fraudulent activities. In June 2024, the Identity Theft Resource Center reported an 11% increase in identity crime cases in 2023, with significant rises in check fraud and credit card fraud, highlighting the growing demand for fingerprint identification systems.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14637&type=smp
Who Are the Dominant Companies Influencing Automated Fingerprint Identification System Market Trends?
Major companies operating in the automated fingerprint identification system market are Facebook, Fujitsu Limited, Safran Group, Thales Group, Gemalto Cogent Inc., NEC Technologies India Private Limited, HID Global Corporation, Secunet Security Networks AG, M2SYS Technology, Suprema Incorporation, Crossmatch, Dermalog Identification Systems GmbH, 3M Cogent Inc., Daon, AFIX Technologies Inc., Cognitec Systems GmbH, Papillon Systems, Aware Inc., Biometrics4ALL Inc., BIO-key International Inc., Precise Biometrics AB, East Shore Technologies, Fulcrum Biometrics LLC, Morpho SA, Sonda Technologies Ltd.
How Is the Automated Fingerprint Identification System Market Evolving?
Companies in the automated fingerprint identification systems market are advancing with technologies like NADIR to maintain their market position. For example, in April 2023, the National Database and Registration Authority (NADRA), a Pakistan-based government agency, launched NADIR, a fingerprint identification technology for civil identification, border control, and e-governance applications, enhancing security and reliability.
What Are the Different Segmentations in the Automated Fingerprint Identification System Market?
The automated fingerprint identification system market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Identification: Latent Print Identification, Tenprint Identification
3) By End Use: Banking And Finance, Consumer Electronics, Defense And Security, Government, Healthcare, Transport Or Logistics, Other End Uses
Subsegments:
1) By Hardware: Fingerprint Scanners, Sensors, Other Hardware Devices
2) By Software: Fingerprint Matching Software, Enrollment Software, Image Processing Software
3) By Services: Integration Services, Maintenance And Support Services, Consulting Services
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automated-fingerprint-identification-system-global-market-report
Which Region Is at the Forefront of the Automated Fingerprint Identification System Market?
North America was the largest region in the automated fingerprint identification system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated fingerprint identification system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Automated Fingerprint Identification System Global Market Report?
- Market Size Analysis: Analyze the Automated Fingerprint Identification System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automated Fingerprint Identification System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automated Fingerprint Identification System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automated Fingerprint Identification System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14637
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: mailto:info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automated Fingerprint Identification System Market Set to Reach 36.31 Billion by 2029 with 21% Yearly Growth here
News-ID: 3848098 • Views: …
More Releases from The Business Research Company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Identification
Microbial Contamination Identification Market Size Analysis by Application, Type …
According to Market Research Intellect, the global Microbial Contamination Identification market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for microbial contamination identification is expanding steadily due to growing concerns about product safety in industries…
Major Market Shift in Microbial Identification Industry: Automated Systems Trans …
What Is the Forecasted Market Size and Growth Rate for the Microbial Identification Market?
In the last few years, the size of the microbial identification market has seen significant expansion. It is projected to rise from $5.57 billion in 2024 to $6.44 billion in 2025, with a compound annual growth rate (CAGR) of 15.7%. The exponential growth during the historic period is credited to initiatives and funding from the government which…
Drone Identification Systems Market
Drone Identification Systems Market research involves the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.
Get Sample Brochure at https://www.theinsightpartners.com/sample/TIPRE00019354/?utm_source=Openpr&utm_medium=10503
Top Listed Players in this Report are:
1.Thales Group
2.Mistral Solutions Pvt. Ltd.
3.Leonardo S.P.A.
4.Kelvin Hughes Limited
5.Precision Hawk
6.Dedrone, Inc.
7.Droneshield
8.Blighter Surveillance Systems Ltd.
9.Dronelabs LLC
10.Rinicom Ltd
Competitive Analysis:
In…
Radiofrequency Identification Market 2023
This comprehensive report thoroughly assesses various regions, estimating the volume of the global Radiofrequency Identification market within each region during the projected timeframe. The report is meticulously crafted and includes valuable information on the current market status, historical data, and projected outlook. Furthermore, it presents a detailed market analysis, segmenting it based on regions, types, and applications. The report closely monitors key trends that play a crucial role in determining…
Automated Fingerprint Identification System Market
According to a new market research report published by Global Market Estimates, the Automated Fingerprint Identification System Market is projected to grow from USD 8.5 billion in 2020 to USD 33.4 billion by 2026 at a CAGR of 23.8%. The market is expected to grow as the need for unified Automated Fingerprint Identification System (AFIS) rises and digital payment alternatives become more widely accepted all around the globe. Furthermore, increased…
Fact.MR Biometric Authentication Solution Market Segmented By Component Hardware …
Biometric Authentication Solution Market: Overview
As organizations are focusing on secure authentication methods for user access, e-commerce, and other safety applications, the demand for biometric authentication solutions is growing rapidly. The increasing dependency on digital technologies and automation is further expected to drive the growth of the biometric authentication solutions market.
Moreover, the continuous demand for enhanced security and identification system has led to the increasing adoption of biometric authentication solutions. Furthermore,…
