The rise in criminal and terrorist activity has increased the value of automatic fingerprint identification systems. The automated fingerprint identification system is a biometric identification method that employs digital imaging technology to collect, store, and analyse fingerprint data.
Competitors in the automated fingerprint identification systems market are developing multimodal capture solutions to aid law enforcement and public safety. This tendency is converging with biometrics, which is reshaping the worldwide automated fingerprint identification systems market.
| Report Attributes | Details |
|---|---|
| Global Automated Fingerprint Identification System Market Size (2021A) | USD 10.3 Billion |
| Global Automated Fingerprint Identification System Estimated Market Value (2022E) | USD 12.6 Billion |
| Global Automated Fingerprint Identification System Forecasted Market Value (2032F) | USD 85 Billion |
| Global Automated Fingerprint Identification System Market Growth Rate (2022 to 2032) | 21% CAGR |
| United States Automated Fingerprint Identification System Growth Rate (2022 to 2032) | 19% CAGR |
| Key Companies Covered | NEC Corporation; Crossmatch; IDEMIA; Dermalog Identification Systems GmbH; SUPREMA; Sonda Technologies |
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In terms of revenue, North America dominated the Automated Fingerprint Identification System (AFIS) sector. This trend is projected to continue throughout the projection period due to the early adoption of the technology and the existence of prominent AFIS providers in the area.
Furthermore, the market is predicted to expand due to increased use in the BFSI, retail, and education sectors. In North America, the Federal Bureau of Prisons, USA Customs and Border Protection (CBP), and the Federal Bureau of Investigation (FBI), among others, are pushing the demand for AFIS technology for criminal identification.
People in the United States are becoming increasingly conscious of their privacy rights and the proper use of surveillance technology. As a result, face recognition technology has limits in terms of guaranteeing national security since video cameras can be utilized for constant monitoring, putting people's privacy at risk.
The Asia Pacific AFIS market is likely to grow rapidly. This expansion can be attributed to an increase in government programmers who construct personal tax IDs, unique identity numbers, and e-passports, among other things, based on biometric information such as fingerprint, iris, and face recognition.
Moreover, governments are focusing on the implementation of biometric technologies at airports and border control in order to boost safety. As a result, usage has increased throughout the projection period.
Manufacturing experts in biometrics are working on a device that can enroll, validate (through the AFIS algorithm), and verify the user's biometric information (fingerprints, face, and iris) of any user regardless of their location, connectivity, and environment. It can be connected to the internet through WiFi, BLE, LAN (with its RJ45 jack), or Global GSM capability.
Makers offer a new scalable and flexible automated fingerprint identification system (AFIS) that enables them to perform, edit, search, retrieve, and store biometric templates and subject information. Additionally, they provide a multi-modal automated biometric identification system that may integrate fingerprint identification with an iris or face recognition modality.
Furthermore, market players are designed to satisfy government agency requirements and offer fast, secure, and reliable outcomes, as seen by the ability to modify deployment models depending on particular demands and market conditions. They provide speedy and effective service while protecting data with fault-tolerant design, disc mirroring, automatic database backups, and disaster recovery solutions.
Industries are constantly experimenting with new ideas in automated fingerprint identification systems. When a startup firm develops a new generation of access control products that focuses largely on contactless solutions, it delivers an all-in-one access control solution that enables several credential alternatives, ranging from face recognition and mobile access to QR codes, barcodes, and RFID cards.
Future Market Insights’ analysis reveals that in 2022 revenue through the Automated Fingerprint Identification System Market is estimated at USD 12.6 Billion.
Worldwide, Future growth of the automated fingerprint identification systems (AFIS) market is anticipated to be fueled by factors such as increasing demand for automated fingerprint identification systems in the banking and finance, government, and private sectors, growing advantages of AFIS over traditional methods, and increasing adoption of Automated Fingerprint Identification System in smartphones and automated teller machines.
The global market for the Automated Fingerprint Identification System Market expanded at a CAGR of 22.2% over the last four years (2015 to 2021). The market for automated fingerprint identification systems is extremely fragmented, with only five large companies holding more than 16% of the overall market share.
For instance, through its partner AqTronics Technologies and few other local suppliers, Crossmatch has sold over 1.5 Million units of its U.are.U and TouchChip fingerprint solutions throughout the South Asia region. The United States will continue to be the largest user of Automated Fingerprint Identification System throughout the analysis period accounting for over USD 24.7 Billion absolute dollar opportunity in the coming 10-year period.
The demand for secure financial transactions is rising, and investments in the banking, finance and government sectors are increasing. To conduct quick, secure financial transactions and uphold privacy and security, automated fingerprint identification system technology is becoming more widely accepted in the government and banking sectors.
For instance, for consumers who utilize mobile phones with fingerprint access control, banks have recently adopted fingerprint verification technology. Additionally, fingerprinting is heavily utilized in the government sector for fraud prevention and criminal investigation.
Additionally, Automated Fingerprint Identification System is widely used by government organizations as it enhances crime-solving efficiency. Additionally, it is utilized for identification and attendance in these industries. As a result, these factors are fueling market expansion.
An upsurge in criminal and terrorist activities worldwide is driving the demand for automatic fingerprint identification systems to identify people for security purposes. Over the past 20 years, crime and terrorism have substantially escalated on a global scale. Numerous of these occurrences have led to both fatalities and huge financial losses.
The interoperability of the devices prevents the market from expanding. A significant barrier to the market's growth has been the sharing of data and algorithmic performance. To enable the Automated Fingerprint Identification System market's continued expansion, certain technological interoperability concerns must be solved.
Currently, high export tariffs on monitoring products to other countries are impeding the expansion of the automated fingerprint identification system market across emerging nations.
The market for automated fingerprint identification systems is likely to witness significant growth restraints due to the high cost of fingerprint sensors relative to the benefits they provide. However, research and development for this technology in emerging nations will provide it with a boost.
North America dominated the Automated Fingerprint Identification System (AFIS) industry. Due to early acceptance of the technology and the presence of significant Automated Fingerprint Identification System manufacturers in the region, this trend is expected to continue over the forecast period. In addition, the market is expected to grow due to the rising use in the BFSI, retail, and education sectors.
The Federal Bureau of Prisons, USA Customs and Border Protection (CBP), and the Federal Bureau of Investigation (FBI), among other important end-users of AFIS technology for criminal identification, are driving the market in North America.
The United States will account for over 29.1 Billion of the global Automated Fingerprint Identification System Market by 2032. Automatic Fingerprint Identification System Market growth was projected to average 22.2% CAGR from 2015 to 2021. USA citizens are becoming more aware of their rights to privacy and the appropriate use of monitoring technologies.
Therefore, facial recognition technology has limitations in terms of ensuring public safety as body cameras can be used as means for continuous surveillance, endangering people's privacy.
The Automated Fingerprint Identification System Market growth through the Software segment expanded at a CAGR of 21.6% during 2015 to 2021. For research purposes in real-time at national institutions like the FBI, CBI, and DAE, the fingerprint pattern-matching algorithm of software enables it for a considerably faster and more precise search of prints kept in databases.
According to Traxler, a more modern Automated Fingerprint Identification System has been benchmarked for at least 99% accuracy, the older Automated Fingerprint Identification System was only around 92% accurate in matching fingerprint patterns. Now the advanced Automated Fingerprint Identification System is operational with significant institutions worldwide.
Automated Fingerprint Identification System manufacturing companies are largely aiming for mergers/partnerships and launching new products that cater to different domains. The key companies operating in the Automated Fingerprint Identification System Market Include Biometrics4ALL Inc., Suprema, Gemalto NV, Crossmatch (HID Global), DERMALOG Identification Systems GmbH, M2SYS Technology, Morpho SA, 3M Cogent, Safran Identity and Security, NEC Corporation, Afix Technologies Inc., Biometrics4ALL, Fujitsu, Cross Match Technologies, HID Global Corporation, Morpho SA, The PU HIGH-TECH, IDEMIA, Suprema Incorporation, Papillon Systems, East Shore Technologies, Inc., AFIX Technologies, Sonda Technologies Ltd., ABC Inc., Accurate Biometrics, Inc., ACTAtek, Amadale Global Systems, Analogics Tech India Ltd., Anixter, Antheus Tecnologia LTDA, Aratek, Bio-Metrica LLC, BioRugged, BioRugged, Cognitec, Creative Time Solutions, Fingerprint Cards AB, Giesecke+Devrient Mobile Security GmbH, The Fingerprint Room Inc., ThreatMark, Veridas, UNION COMMUNITY Co., Ltd., IrisGuard, JENETRIC GmbH.
Some of the recent developments by key providers of the Automated Fingerprint Identification System Market are as follows:
In May 2022, According to NRK, Norway aims to replace the digital ID authentication platform BankID with new apps that will require users to log in and access banking services online using face or fingerprint biometrics, as well as passwords or PINs in some situations.
In May 2022, Fingerprint Cards, a leading biometrics company announced a partnership with Transcorp and Mswipe to bring contactless biometric payment cards to India.
In March 2022, Suprema launched a new generation of access control products that focuses heavily on contactless solutions. The star of Suprema’s exhibit was BioStation 3, an all-in-one access control solution that provides multiple credential options from facial recognition and mobile access to QR codes, barcodes, and RFID cards. BioStation 3 will be released in the second half of the year.
In November 2021 – Suprema, announced the successful integration of its biometric access control products with Genetec Security Center, a unified security platform that connects security systems, sensors, and data in a single intuitive interface.
In November 2019, FingerID announced the launch of an artificial intelligence-enabled automated fingerprint identification system (AFIS) which provides accurate results in investigating criminals and fingerprint identification in immigration services.
Similarly, recent developments related to companies providing services for Automated Fingerprint Identification System Market have been tracked by the team at Future Market Insights, which is available in the full report.
The global Automated Fingerprint Identification System Market was valued at USD 10.3 Billion in 2021.
The Automated Fingerprint Identification System Market is set to witness a growth rate of 21% over the forecast period and be valued at USD 85 Billion by 2032.
The Automated Fingerprint Identification System Market expanded by a CAGR of 22.2% from 2015 through 2021.
The key players operating in the Automated Fingerprint Identification System Market are NEC Corporation, Crossmatch, IDEMIA, Dermalog Identification Systems GmbH, SUPREMA, and Sonda Technologies.
United States, United Kingdom, China, Japan, and South Korea are expected to drive the sales growth in the Automated Fingerprint Identification System Market.
The automated Fingerprint Identification System Market in China is expected to account for USD 5.8 Billion by the end of the forecast year.
The United States accounts for the largest absolute dollar opportunity of USD 24.7 Billion in the Automated Fingerprint Identification System Market.
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Automated Fingerprint Identification System (AFIS) Market
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