Automated Fingerprint Identification System (AFIS) Market

Automated Fingerprint Identification System (AFIS) Market Overview:

The automated fingerprint identification system (AFIS) is defined as a biometric identification technique which involves utilization of digital imaging technology to obtain, store, and analyze fingerprint data. It consists of a computer database of fingerprint records which can search and compare the fingerprint records to identify known or unknown fingerprints. AFISs can  search over a billion fingerprint records in one second. The global automated fingerprint identification system (AFIS) market was valued at around USD 8.6 billion in 2022 and is expected to register a CAGR of 16.7% during the review period to reach to around USD 29.1 billion by end of 2030.

Automated Fingerprint Identification System (AFIS) Market Segmentation:

Based on component, the global automated fingerprint identification system (AFIS) market has been categorized into hardware and software. The software segment has been further segregated into matchers and database fingerprints. The hardware segment has been further sub-segmented into fingerprint input modules, microprocessors/microcontrollers, displays and others. The software segment accounted for the largest market share in 2022 and is expected to register significant growth during the review period. The segment growth can be attributed to high demand for integrated AFIS products for both criminal and individual identification. The hardware segment is projected to grow at a healthy CAGR during the review period. 

Based on search type, the global automated fingerprint identification system (AFIS) market has been categorized into tenprint to tenprint search, latent print to latent print search and others. The tenprint to tenprint search segment accounted for the largest market share in 2022 and is expected to grow at a significant CAGR during the review period. The segment growth can be attributed to widespread product usage across verticals such as hospitality and healthcare. Tenprint can be defined as a controlled recording of available fingers of an individual using electronic imaging, black ink, photography, or other medium on a contrasting background. The latent print to latent print segment is projected to register steady growth during the review period.

Based on application, the global automated fingerprint identification system (AFIS) market has been segmented into banking & finance, government, hospitality, healthcare, transportation and others. The government segment accounted for the largest market share in 2022 and is expected to grow at a significant CAGR during the review period. The segment growth can be attributed to widespread use of AFIS to ensure unique identity for an individual which helps to remove issues related to false identity and identity theft. The banking & finance segment is projected to register healthy growth during the review period on account of increasing product use to facilitate secure transactions.

Automated Fingerprint Identification System (AFIS) Market Dynamics and Factors:

The growth of the global automated fingerprint identification system (AFIS) market is primarily driven by increasing product adoption across sectors such as banking & finance, healthcare and hospitality among others due to high level of security requirement. Rising incidences of frauds and security breaches has resulted in surge in demand for automated fingerprint identification system across sectors significantly. In addition to this, increasing adoption of mobile payment solutions across geographies is expected to bolster the global automated fingerprint identification system (AFIS) market growth at a substantial rate during the review period. Growing demand for technologically advanced automated fingerprint identification systems in the end-use industries is likely to create lucrative opportunities for the players operating in the global automated fingerprint identification system (AFIS) market during the forecast period.

Automated Fingerprint Identification System (AFIS) Market Geographical Analysis:

Geographically, the global automated fingerprint identification system (AFIS) market has been bifurcated into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. The global automated fingerprint identification system (AFIS) market in North America accounted for the largest share in 2022 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to high product adoption rate and presence of established presence of end-use industries such as baking & finance and healthcare. The presence of key established market players such as 3M Cogent Inc. and  Cross Match Technologies, Inc among others.

The market growth in Asia-Pacific region is expected to be driven by significant product adoption across verticals particularly in China and India. Increasing government initiatives aimed at creating unique identity number and personal tax ID using biometric is likely to propel the global automated fingerprint identification system (AFIS) market growth at a significant rate during the review period. Additionally, rising product adoption at borders and airports to increase security is estimated to bolster the market growth substantially in the coming years.The European market is expected to grow at a considerable CAGR on account of presence of strong presence of the end-use industries such as healthcare, banking & finance, hospitality and transportation in Germany, UK and France. Germany dominated the market share in the region.

The market in Latin America and the Middle East & Africa is expected to be driven by increasing product demand across verticals due to rising thefts and crime incidences.

Automated Fingerprint Identification System (AFIS) Market Report Scope

 Key Market Segmentation

Automated Fingerprint Identification System (AFIS) Market - By Search Type

o   Tenprint to Tenprint Search

o   Latent Print to Latent Print Search

o   Others

Automated Fingerprint Identification System (AFIS) Market - By Application

o   Banking & Finance

o   Government

o   Hospitality

o   Healthcare

o   Transportation

o   Others

Automated Fingerprint Identification System (AFIS) Market - By Region

North America

US

o   Canada

o   Mexico

Europe

o   Germany

o   UK

o   France

o   Italy

o   Spain

o   Russia

o   Benelux

o   Nordics

Rest of Europe

Asia-Pacific

o   China

o   India

o   Japan

o   South Korea

Rest of Asia-Pacific

Middle East and Africa

South America