About Fingerprint Identification Systems
Fingerprint Identification Systems is biometric identification used for detention fingerprints, collection, and comparison with the previous database. Automated fingerprint identification system (AFIS) is first used by Federal Bureau of Investigation (FBI) in the United States for solving criminal cases. AFIS is available in two types such as Single Modal AFIS and Multi-Modal AFIS. Companies and government agencies are increasingly using fingerprint identification systems in a variety of applications including identification, personalized experiences or surveillance
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 19.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fingerprint Identification Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NEC (Japan), Morpho (France), 3M Cogent (United States), Suprema (South Korea), Dermalog (Germany), HID Global (United States), Fujitsu (Japan), Crossmatch (United States), M2sys (United States) and Afix Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Papillon Systems (United States), East Shore (United States), Safran Identity & Security (United States), Biometrics4ALL (United States) and Cross Match Technologies, Inc. (United States),.
Segmentation Overview
AMA Research has segmented the market of Global Fingerprint Identification Systems market by Type (Single Modal AFIS and Multi Modal AFIS) and Region.
On the basis of geography, the market of Fingerprint Identification Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Component, the sub-segment i.e. Hardware will boost the Fingerprint Identification Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Search Type, the sub-segment i.e. Latent Searches will boost the Fingerprint Identification Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Healthcare will boost the Fingerprint Identification Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of E-Governance Applications and Upsurging Demand for Online Transactions
Market Growth Drivers:
Increasing Demand of Digitization and Rising Popularity of Mobile Payment Services
Challenges:
Rising Concern about Data Security and Privacy
Restraints:
Threat of Substitute Including Face Recognition and High Initial Installation Cost
Opportunities:
Huge Demand for Access Control Systems in the Government Services and Introduction of Biometric System as Service
Market Leaders and their expansionary development strategies
In June 2023, DERMALOG Identification Systems GmbH, a manufacturer of fingerprint, face, and iris identification technology, acquired biometric identification technology company JENETRIC GmbH. JENETRIC’s optical thin-film transistor (TFT) technology captures high-quality fingerprints with contactless capture., and On 24th September 2018, HID Global, a worldwide leader in trusted identity solutions has acquired Crossmatch, a leader in bio metric identity management and secure authentication solutions for enlargement of bio metric Identity Management.
In Fingerprint Cards AB launched newly developed, complete biometric system for PC makers and is currently being evaluated by several PC OEMs.
Key Target Audience
Fingerprint Identification Systems Manufactures, Fingerprint Identification Systems Suppliers, Technology Investors, Private Research Organizations and Consulting Companies., Government Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.