Automated Fingerprint Identification System Market Overview:
For the global industry’s Automated Fingerprint Identification System market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict market size, and growth rate.
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Global Automated Fingerprint Identification System Market was worth US$ 5.41 Bn. in 2020 and total revenue is expected to grow at a rate of 18.4 % CAGR from 2021 to 2027, reaching almost US$ 17.65 Bn. in 2027.
Market Scope:
Our crew gathers market information and data from a variety of sources in order to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic data.
Drivers:
An increase in criminal and terrorist activities worldwide is driving demand for automatic fingerprint identification systems to identify people for security purposes. Over the past 20 years, crime and terrorism have dramatically increased on a global scale. Numerous of these incidents have led to both fatalities and sizable financial losses. These actions might slow a country’s economic development in the near future. For instance, the 26/11 terrorist attack in Mumbai, India, which left 164 people dead and enormous economic damage, had a negative effect on both the Bombay Stock Exchange and the National Stock Exchange. Additionally, it reduced India’s GDP growth for about 6 to 8 months.
Segmentation:
The market is divided into three categories: hardware, software, and services. The software sector is anticipated to dominate the market during the projected time frame. This can be the cause of the rising demand for integrated AFIS products for criminal or individual identification. Furthermore, makers of automated fingerprint identification systems are putting a lot of effort into creating highly effective, standards-compliant systems with complete adaptability, enabling users to get a solution tailored to their particular business operations very quickly.
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Key Players: The key players are
• Biometrics4ALL Inc.
• Suprema
• Gemalto NV
• Crossmatch (HID Global)
• DERMALOG Identification Systems GmbH
• M2SYS Technology
• Morpho SA (IDEMIA)
• 3M Cogent (US)
• Safran Identity and Security (US)
• NEC Corporation (Japan)
• M2SYS Technology (US)
• Afix Technologies Inc (US)
• Biometrics4ALL (US)
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Regional Analysis:
A country-level study of the Automated Fingerprint Identification System Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and other nations are the geographical breakdowns in the Automated Fingerprint Identification System Market study.
COVID-19 Impact Analysis on Automated Fingerprint Identification System Market: The report covers COVID-19 impact on Automated Fingerprint Identification System market.
Key Questions Answered in the Automated Fingerprint Identification System Market Report are:
- What will be the CAGR of the Automated Fingerprint Identification System market during the forecast period?
- Which segment emerged as the leading segment in the Automated Fingerprint Identification System market?
- Which are the prominent players in the Automated Fingerprint Identification System market?
- What will be the Automated Fingerprint Identification System market size by 2027?
- Which company held the largest share in the Automated Fingerprint Identification System market?
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