Market Analysis
Market Research Future (MRFR) estimates the Global AFIS (Automated Fingerprint Identification System) Market size to reach USD 33,395.2 Million, registering 23.8% CAGR from 2020 to 2026 (forecast period).
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Market Segmentation
The global Automated Fingerprint Identification System Market has been segmented into components, types, and end-users.
By component, the global AFIS (Automated Fingerprint Identification System) market has been segmented into Hardware and Software.
By type, the global AFIS (Automated Fingerprint Identification System) market has been segmented into Latent Searches and Ten-print Searches.
By end-users, the global AFIS (Automated Fingerprint Identification System) market has been segmented into Healthcare, BFSI, Government, Transportation, Retail, Education, Hospitality, Others.
Regional Analysis
North America to Dominate the Global Market
North America holds the lion's share of the global market for automated fingerprint identification systems. The region's market value was USD 2,755.3 million in 2019 and is predicted to increase at a 22.0% CAGR over the forecast period. Because the region has a well-established infrastructure, advanced technologies can be implemented more quickly.
The region's early adoption of improved technologies is critical in driving the automated fingerprint identification system market size. Furthermore, the presence of numerous prominent competitors in the region, such as 3M Cogent, Inc. (US), Safran Identity & Security (US), and M2SYS Technology (US), drives the growth of the AFIS market.
Key Players
NEC Corporation (Japan), 3M Cogent, Inc. (U.S.), Afix Technologies Inc (U.S.), Safran Identity & Security (U.S.), M2SYS Technology (U.S.), Biometrics4ALL (U.S.), Cross Match Technologies, Inc. (U.S.), Fujitsu (Japan), HID Global Corporation (U.S.), and M2SYS Technology (U.S.).
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