Automated Fingerprint Identification System Market Overview:
The Automated Fingerprint Identification System market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Automated Fingerprint Identification System Market, as well as the causes for variances in the industry’s growth in various places.
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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:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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.
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)
• Fujitsu (Japan)
• Cross Match Technologies (US)
• HID Global Corporation (US)
• Morpho SA (France)
• The PU HIGH-TECH
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Automated Fingerprint Identification System market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Automated Fingerprint Identification System Market: The report also includes a detailed analysis of COVID-19 on the Automated Fingerprint Identification System market.
Key Questions Answered in the Automated Fingerprint Identification System Market Report are:
- Which sub-segment had the largest share in the Automated Fingerprint Identification System market?
- How is the competitive landscape of the Automated Fingerprint Identification System market in 2020?
- Which are the key drivers impacting the Automated Fingerprint Identification System market growth?
- Which region holds the maximum share in the Automated Fingerprint Identification System market?
- What will be the CAGR of the Automated Fingerprint Identification System market during the forecast period (2021-2027)?
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