Automated Fingerprint Identification System (AFIS) Market Share, Growth and Demand Forecast 2025
The global automated fingerprint identification system (AFIS) market is expected to witness lucrative growth over the forecast period due to the growing investments in the banking & finance sectors and government to support e-governance and secure transactions. With the rising criminal records, the need for the digitalization of the data using AFIS would drive the market for law enforcement applications in the government sector. In addition, the technology evolution and transformation from the manual process to digital process also fuel the AFIS market.The increase in the frequency of internal and external security threats, rising need for identification and increasing demand for integrated automated fingerprint identification system solutions also contribute towards the growth of AFIS industry. The integration of AFIS technology in mobile devices improves the computer power for fast and precise detection of fingerprints using different algorithms. Furthermore, the increasing adoption of mobile payment solutions shows a positive impact on the AFIS market. The mobile payment solutions ensure safe transactions instead of using password as a safety tool.
The global automated fingerprint identification system (AFIS) market is expected to witness lucrative growth over the forecast period due to the growing investments in the banking & finance sectors and government to support e-governance and secure transactions. With the rising criminal records, the need for the digitalization of the data using AFIS would drive the market for law enforcement applications in the government sector. In addition, the technology evolution and transformation from the manual process to digital process also fuel the AFIS market.The increase in the frequency of internal and external security threats, rising need for identification and increasing demand for integrated automated fingerprint identification system solutions also contribute towards the growth of AFIS industry. The integration of AFIS technology in mobile devices improves the computer power for fast and precise detection of fingerprints using different algorithms. Furthermore, the increasing adoption of mobile payment solutions shows a positive impact on the AFIS market. The mobile payment solutions ensure safe transactions instead of using password as a safety tool.
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The integration of AFIS technology in mobile devices improves the computer power for fast <strong>and</strong><br />
precise detection of fingerprints using different algorithms. Furthermore, the increasing adoption of<br />
mobile payment solutions shows a positive impact on the AFIS market. The mobile payment<br />
solutions ensure safe transactions instead of using password as a safety tool.<br />
<strong>Automated</strong> fingerprint identification is considered as a sophisticated method which has been in<br />
practice for several years. It is an electronic matching of one or more unknown fingerprints against<br />
the database of existing fingerprints. The matching is done on the pattern-based algorithm such as<br />
whorls, arches, <strong>and</strong> loops of the fingerprints. The AFIS market is segmented on the basis of the<br />
component into hardware <strong>and</strong> software. Hardware is further classified into<br />
microprocessors/microcontrollers, matchers, displays <strong>and</strong> fingerprint input modules. The<br />
segmentation is also done on the basis of search type into ten print searches <strong>and</strong> latent searches.<br />
Ten print searches are expected to dominate the segment owing to its wide use in the sectors such<br />
as healthcare, transportation, <strong>and</strong> hospitality.<br />
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On the basis of the application area, the AFIS market is categorized into government sector,<br />
transportation, healthcare, hospitality, <strong>and</strong> banking <strong>and</strong> finance sector. Among these application<br />
areas, the government <strong>and</strong> transportation sector is estimated to hold the significant share of the<br />
AFIS market. The use of automated fingerprint identification system by law enforcement agencies<br />
such as the Federal Bureau of Investigation (FBI) <strong>and</strong> in e-governance applications support the<br />
growth of the market in the government sector. Geographically, North America, Latin America, the<br />
Middle East <strong>and</strong> Africa, Europe <strong>and</strong> Asia Pacific are identified as the major regions in the market.<br />
North America is estimated to dominate the industry due to the presence of a large number of<br />
vendors in this region. Also, early implementation <strong>and</strong> development of the AFIS technology have<br />
helped North America to hold the largest market share.<br />
Asia Pacific is expected to witness the fastest growth over the forecast period. The rising<br />
government initiatives for secure transactions, increasing per capita income <strong>and</strong> growing population
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