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Pulished Date July, 2021
ID: 11845
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Automated Fingerprint Identification System Market - Segmented By Component (Hardware And Software), By Search Type (Ten Print Searches And Latent Searches), By Application (Government, Healthcare, Transportation, Hospitality, Banking And Finance) And By Geography (North America, Asia Pacific, Latin America, Middle East & Africa, Europe) – Forecast (2021-2026)

Pulished: July, 2021
ID: 11845
Pages: 150

Automated Fingerprint Identification System Market Size & Growth (2021-2026)

The Automated Fingerprint Identification System Market was worth US$ 7642.6 million in the year 2021, and it is estimated to reach a valuation of US$ 33395.2 million by the end of 2026, expanding at an annual growth rate of 23.8% between 2021 and 2026. The increasing implementation of Automated Fingerprint Identification System as the secure identification system is a factor that is expected to lead the Automated Fingerprint Identification System market during the forecast period.

The Automated Fingerprint Identification System is nothing but a biometric identification technique which obtains, stores, and also analyses the finger print data using digital imaging technology.

Automated Fingerprint Identification System Market

Recent Developments

  • In the month of June 2018, Crossmatch Company has partnered with Accordant Technology Inc. to offer the advanced authentication solutions to enterprise customers and through this strategic partnership, accordant technology ltd would be an authorized seller of crossmatch’s digital persona software.

Drivers

The transformation and the technology evaluation from the manual process to digital process and the need for the transaction is expected to play an essential role in the growth of market of Automated Fingerprint Identification System across the globe. Another factor such as rise in demand for integrated and automated fingerprint identification system solutions across the globe which influence the growth of Automated Fingerprint Identification System market during the forecast period. Increasing adoption of mobile payment solutions, raise in border management activities and wide adoption of Automated Fingerprint Identification System technology are some of the major driving factors which promotes the growth of the revenue rate of Automated Fingerprint Identification System market during the forecast period.

Restraints

Availability of substitute identification techniques such as face, voice, iris identification and authentication, Lack of substantial technology breakthroughs that can ensure accuracy is one of the important barriers to market growth. Also, the lack of skilled technicians, problems associated with feature extraction and matching techniques and faulty sensors acts as an important deterrent to the growth of the Automated Fingerprint Identification System market.

Market Segmentation

The Automated Fingerprint Identification System market is segmented based on component, based on search type and based on application.

By component, the Automated Fingerprint Identification System Market is divided into hardware and software. The hardware segment is further bifurcated into fingerprint input modules, microprocessors and microcontrollers, displays and others. The software component segment held the prominent share and is predicted to remain at the forefront throughout the forecast period due to rising demand for integrated Automated Fingerprint Identification System products for individual or criminal identification. Also, the automated fingerprint identification system providers are focussing on developing high performance and standard compliance system with full modularity, which allows the users to get a solution to the specific business process efficiently.

By search type, the Automated Fingerprint Identification System Market is divided into ten print to ten print searches and latent to latent searches. The ten print to ten print searches segment holds the major share of the market and this segment is expected to hold the dominance during the forecast period due to increasing use of ten print searches in some of the sectors such as healthcare, hospitality, and transportation.

By application, the Automated Fingerprint Identification System Market is divided into government, healthcare, transportation, hospitality, banking and finance and other applications. The banking & finance segment held prominent share of the market among the other segments due to the factors such as increasing adoption of Automated Fingerprint Identification System technology to facilitate the secure financial transactions promotes the growth of the market.

Regional Analysis

On the basis of region, the Automated Fingerprint Identification System market is segmented into North America region, Asia Pacific region, Europe region, Latin America region and Middle East and Africa region.

North America region hold the prominent share of the market due to the presence of large number of biometric vendors. Furthermore, the gradual rise in demand for integrated and automated fingerprint identification system solutions in the region especially in some of the countries such as US, Canada and Mexico propels the growth of the market. The North America region is expected to hold the dominance during the forecast period.

Asia Pacific region is also expected to increase the market growth due to the rising adoption among enterprises in the region that are turning towards automated fingerprint identification solutions to secure against the potential threats in some of the major economies of the region such as India, China and Japan propels the growth of the revenue rate of the enterprises software market during the forecast period. Furthermore, the increasing of investments by the major key players of the market for R & D activities and also for the new advancements in the technology is also one of the major driving factor which promotes the growth of the revenue rate of the Automated Fingerprint Identification System market.

Europe region will gain good profits of the market followed by North America region and Asia Pacific region during the outlook period.

Key Players

Key market participants of Automated Fingerprint Identification System market are East Shore Technologies (U.S.), AFIX Technologies Inc. (U.S.), Papillon Systems (Russia), NEC Corporation (Japan), Fujitsu Ltd. (Japan), Crossmatch Technologies Ltd. (U.S.), HID Global Corporation (U.S.), Sonda Technologies Ltd. (Russia), Dermalog Identification Systems GmbH (Germany), and Suprema Incorporation (South Korea), 3M Cogent Inc. (U.S.), Morpho SA (France), M2SYS Technology (U.S.).

Impact of COVID 19 for Automated Fingerprint Identification System market

The world is suffering with an unprecedented disease corona virus which took lives of so many people all around the world and due to this pandemic, most of the industries has faced huge financial crisis due to the lockdown situations imposed by the government authorities of respective countries to reduce the spread of the corona virus. Because of the lockdown situations, most of the companies have shut down their operations and allowed their employees to work from home to continue some of the operational aspects. The Automated Fingerprint Identification System market has a significant growth rate before the pandemic and as per the analysis from the experts that this market will get an impeccable growth rate after the pandemic.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope Of The Report                              

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year And Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market Share Analysis        

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Automated Fingerprint Identification System Market, By Component                               

                                6.1.1 Hardware

                                6.1.2 Software 

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-O-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index           

                6.2 Automated Fingerprint Identification System Market, By Search Type                              

                                6.2.1 Ten Print Searches              

                                6.2.2 Latent Searches    

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-O-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index           

                6.3 Automated Fingerprint Identification System Market, By Application                

                                6.3.1 Government          

                                6.3.2 Healthcare              

                                6.3.3 Transportation      

                                6.3.4 Hospitality               

                                6.3.5 Banking    

                                6.3.6 Finance    

                                6.3.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.8 Y-O-Y Growth Rate Analysis             

                                6.3.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance And Administration Market, By Region                   

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Search Type     

                                7.2.4 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest Of Europe

                                7.3.2 By Component      

                                7.3.3 By Search Type     

                                7.3.4 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest Of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Search Type     

                                7.4.4 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest Of Latin America

                                7.5.2 By Component      

                                7.5.3 By Search Type     

                                7.5.4 By Application       

                7.6 Middle East And Africa                          

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Search Type     

                                7.6.4 By Application       

8. Key Player Analysis                                    

                8.1 3M Cogent Inc                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 East Shore Technologies                       

                8.3 AFIX Technologies Inc                            

                8.4 Papillon Systems                      

                8.5 NEC Corporation                      

                8.6 Fujitsu Ltd.                  

                8.7 Crossmatch Technologies Ltd.                            

                8.8 HID Global Corporation                         

                8.9 Sonda Technologies Ltd.                       

                8.10 Dermalog Identification Systems Gmbh                       

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List Of Tables                    

                List Of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of component, search type, application along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Automated Fingerprint Identification System Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automated Fingerprint Identification System Market By Component, From 2021-2026 ( USD Billion )
  3. Global hardware  Market By Region, From 2021-2026 ( USD Billion )
  4. Global software Market By Region, From 2021-2026 ( USD Billion )
  5. Global Automated Fingerprint Identification System Market By Search Type, From 2021-2026 ( USD Billion )
  6. Global Ten print searches Market By Region, From 2021-2026 ( USD Billion )
  7. Global latent searches Market By Region, From 2021-2026 ( USD Billion )
  8. Global Automated Fingerprint Identification System Market By Application, From 2021-2026 ( USD Billion )
  9. Global government Market By Region, From 2021-2026 ( USD Billion )
  10. Global healthcare Market By Region, From 2021-2026 ( USD Billion )
  11. Global transportation Market By Region, From 2021-2026 ( USD Billion )
  12. Global hospitality Market By Region, From 2021-2026 ( USD Billion )
  13. Global banking  Market By Region, From 2021-2026 ( USD Billion )
  14. Global finance Market By Region, From 2021-2026 ( USD Billion )

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