AUTOMATED FINGERPRINT IDENTIFICATION SYSTEM MARKET

GMI Research analysis indicates that the Automated Fingerprint Identification System Market size was estimated at USD 11.6 billion in 2022 and is slated to register a double digit CAGR of 17.4% over the period 2023-2030 and is projected to reach USD 41.7 billion in 2030

Automated Fingerprint Identification System Market Overview

Fingerprint identification is a technique through which fingerprints of individuals are captured as digital images and stored in databases. It is a type of biometric identification, which helps in general identification and fraud prevention. Automated fingerprint identification systems have various applications such as being used by law administration agencies to compare fingerprints and arrest criminals and used by organizations to let employees log in and log out at their workplace.

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Major Automated Fingerprint Identification System Market Drivers

The automated fingerprint identification system market is witnessing an increase in demand during the forecast period due to the various advantages of automated fingerprint identification systems, which include a high level of security in private, commercial, and public sectors. It helps in mitigating security breaches and frauds better than conventional methods, such as tokens and passwords. Furthermore, there is a growing adoption of automated fingerprint identification systems by law administrations for the identification of criminals due to the increasing crime rate across the globe. All these factors are contributing to the growth of the global automated fingerprint identification systems market.

The automated fingerprint identification system is a more effective technique of classifying, searching, and matching fingerprints than traditional identification methods. In addition, the rising demand for integrated AFIS solutions and increasing adoption of mobile payment solutions worldwide are some factors driving the growth of the market. Furthermore, the technological evolution from manual identification techniques to digital identification techniques that provide more accurate results is significantly augmenting the growth of the global automated fingerprint identification systems market.

Restraint in the Automated Fingerprint Identification System Market

Availability of other identification techniques, such as voice, face, and iris identification and authentication might hamper the growth of the market. In addition, problems associated with matching techniques, feature extraction, faulty sensors, and other challenges, which include the inability to capture and compare fingerprint patterns due to distorted fingerprint patterns, are expected to restrain the growth of the global automated fingerprint identification systems market.

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Component – Segment Analysis

Based on the component, the software segment is expected to grow at a higher CAGR over the forecast period. This is mainly due to the increasing demand for integrated AFIS products for criminal or individual identification. Moreover, automated fingerprint identification system providers are focusing on their research & development activities to develop high-performance and standard compliant systems with full modularity, which enable users to get a solution customized to specific business processes efficiently. All these factors play a vital role in supplementing the growth of the global automated fingerprint identification systems market.

End-Use Industry – Segment Analysis

On the basis of the end-use industry, the banking & finance segment is anticipated to grow at a faster CAGR over the forecast period. This is mainly attributed to the rising adoption of automated fingerprint identification system technology to facilitate secure financial transactions. For instance, in 2015, Standard Bank implemented fingerprint authentication technology for mobile banking of customers who operate tablets or mobile phones enabled with fingerprint access control. Furthermore, the growing adoption of advanced recognition and authentication systems in tablets and smartphones is propelling the growth of the BFSI segment in the global automated fingerprint identification systems market.

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Region – Segment Analysis

Based on the region, the North America region is projected to grow at a higher CAGR over the forecast period. It is mainly attributed to the early adoption of the AFIS technology and the presence of key players in this region, such as 3M Cogent Inc., HID Global Corporation, M2SYS Technology, among others. Moreover, the increasing adoption of AFIS technology by BFSI, government, and retail sectors are driving the growth of the market in this region. High usage of these system by law enforcement agencies like U.S. Customs and Border Protection (CBP), Federal Bureau of Investigation (FBI), and Federal Bureau of Prisons are likely to boost the growth of the automated fingerprint identification systems market in North America. 

Top Market Players

Various notable players operating in the market include 3M Cogent Inc., NEC Corporation, IDEMIA, SUPREMA, FUJITSU, HID Global Corporation, Sonda, M2SYS Technology, DERMALOG Identification Systems GmbH, and Papillon Systems, among others.

Key Developments

• • In 2020, HID Global Corporation announced the launch of OMNIKEY 5127CK Reader Core to further broaden and accelerate their system integrators, original equipment manufacturers (OEM), and partners to embed RFID into devices to accurately authenticate people, protect sensitive data, and reduce fraud without physical contact.
  • In 2020, SUPREMA announced the launch of its product version of BioStar 2 platform. It is a web-based, integrated, and open security platform developed for access and time & attendance technology.
  • In 2019, IDEMIA launched its product for the Financial Industry Regulatory Authority (FINRA) fingerprint service to fulfill the stringent fingerprint background checks directed by the industry. 

Segments covered in the Report:

The global Automated Fingerprint Identification System Market has been segmented on the basis of component, search type, end-use industry and regions. Based on the component, the market is segmented into software, hardware, services. Based on the search type, the market is segmented into ten-print to ten-print search, latent print to latent print search. Based on the end-use industry, the market is segmented into banking & finance, government, hospitality, healthcare, transportation, others.

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Report Coverage	Details
Market Revenues (2022)	USD 11.6 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Search Type, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	3M Cogent Inc., NEC Corporation, IDEMIA, SUPREMA, FUJITSU, HID Global Corporation, Sonda, M2SYS Technology, DERMALOG Identification Systems GmbH, Papillon Systems, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automated Fingerprint Identification System Market by Component

• • Hardware
  • Software
  • Services

Global Automated Fingerprint Identification System Market by Search Type

• • Ten-print to Ten-print Search
  • Latent Print to Latent Print Search

Global Automated Fingerprint Identification System Market by End-Use Industry

• • Banking & Finance
  • Government
  • Hospitality
  • Healthcare
  • Transportation
  • Others

Global Automated Fingerprint Identification System Market by Region

• • North America Automated Fingerprint Identification System Market (Option 1: As a part of the free 25% customization)

    • North America Market by Component
    • North America Market by Search Type
    • North America Market by End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Automated Fingerprint Identification System Market (Option 2: As a part of the free 25% customization)

    • Europe Market by Component
    • Europe Market by Search Type
    • Europe Market by End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Automated Fingerprint Identification System Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Market by Component
    • Asia-Pacific Market by Search Type
    • Asia-Pacific Market by End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Automated Fingerprint Identification System Market (Option 4: As a part of the free 25% customization)

    • RoW Market by Component
    • RoW Market by Search Type
    • RoW Market by End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Automated Fingerprint Identification System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M Cogent Inc.
  • NEC Corporation
  • IDEMIA
  • SUPREMA
  • FUJITSU
  • HID Global Corporation
  • Sonda
  • M2SYS Technology
  • DERMALOG Identification Systems GmbH
  • Papillon Systems