Automated Fingerprint Identification System (AFIS) Market To Reach $27.20 Billion By 2030

Automated Fingerprint Identification System (AFIS) Market Growth & Trends

The global automated fingerprint identification system (AFIS) market size is projected to reach USD 27.20 billion by 2030, expanding at a CAGR of 19.1% from 2024 to 2030, according to a new study conducted by Grand View Research, Inc. Increasing demand for advanced security systems across various business domains is expected to boost the growth. In addition, rising adoption of mobile payment solutions and demand for integrated AFIS solutions are expected to fuel the expansion.

AFIS is increasingly used to cater to the safety and security needs of individuals and organizations, on account of growing number of threats across the globe. A biometric identification system is difficult to circumvent. Systems based on this technology provide a secure identification and verification mechanism to mitigate the level of transaction frauds and security breaches. This factor is expected to drive the demand for automated fingerprint identification systems over the forecast period.

Smart homes are equipped with advanced security systems such as fingerprint access control. Additionally,existing building retrofits are installing biometric security systems to counter thefts and malicious entries. This is further expected to boost the market growth. Furthermore, increasing terrorist activities and theft cases have compelled governments to deploy AFIS solutions in various government agencies, which, in turn, is expected to drive the market in near future.

The rising demand for AFIS technology in enterprises to monitor the attendance of employees is expected to propel the market growth. Developers are focusing on introducing automated fingerprint identification systems that can withstand extreme conditions and can be used suitably across various industries, including manufacturing, IT and telecommunication, construction, and oil and gas, among others.

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Automated Fingerprint Identification System (AFIS) Market Report Highlights

• The hardware segment accounted for a leading revenue share of 44.9% in the global market in 2023. Hardware components such as fingerprint scanners, cameras, and computer systems form the main functionality of AFIS.

• The banking & finance sector held the largest market share in 2023. These institutions handle sensitive customer data and deal with substantial amounts of money.

• North America accounted for the largest revenue share of 37.4% in the global market in 2023. A well-developed technological infrastructure in the region has encouraged significant advances in the research, development, and deployment of cutting-edge AFIS solutions.

Automated Fingerprint Identification System (AFIS) Market Segmentation

Grand View Research has segmented the global automated fingerprint identification system (AFIS) market on the basis of component, end use, and region:

Automated Fingerprint Identification System (AFIS) Component Outlook (Revenue, USD Million, 2018 – 2030)

• Hardware

• Software

• Service

Automated Fingerprint Identification System (AFIS) End Use Outlook (Revenue, USD Million, 2018 – 2030)

• Banking & Finance

• Consumer Electronics

• Defense & Security

• Government

• Healthcare

• Transport/Logistics

• Others

Automated Fingerprint Identification System (AFIS) Regional Outlook (Revenue, USD Million, 2018 – 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • India

  • China

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Automated Fingerprint Identification System (AFIS) Market

• 3M

• Biometrics4ALL

• DERMALOG Identification Systems GmbH

• Fujitsu

• HID Global Corporation

• IDEMIA

• M2SYS Technology

• NEC Corporation

• Papillon Systems

• Sonda Technologies Ltd.