March 28, 2020
Automated Fingerprint Identification Systems Market

Automated Fingerprint Identification Systems Market discussed in a new market research report

The global market for automated fingerprint identification systems is projected to hit US$ 17.34 billion by 2027, increasing to CAGR by 16.5 per cent during the 2019-2027 forecast.

Market Insights

Advanced use of automated fingerprint identification systems (AFIS) technology for high-level security in the private, public and commercial sectors, resulting in a growth of the market over the forecast period. Improvements in digital imaging technology, the adoption of mobile payment solutions and the growing concern for a secure payment gateway are predicted to further drive the market. For example, in April 2015, Standard Bank introduced fingerprint authentication technology for mobile banking applications for customers who use tablets and mobile devices with fingerprint access controls.

Automated Fingerprint Identification Systems Market

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Furthermore, demand for integrated solutions, rising security threats and technological growth in the military and defense sectors are anticipated to boost market growth. In addition, the deployment of an autonomous platform to dynamically manage end-to-end business activities in the corporate sector, increasing demand for modernized infrastructure and increasing terrorist and criminal activities is projected to boost the market for automated fingerprint identification over the forecast period.

Industrial Developments

• Seven Bank, Ltd. and NEC Corporation announced their facial recognition system for the development of the next generation ATM in September 2019. In addition, implementing IoT, AI, biometrics and other technologies in these ATMs will increase face recognition with QR codes for identity verification.

• In July 2019, NEC announced that it would provide a face-recognition customs procedure system for six major airports in Japan.

The global market for automated fingerprint identification systems has  been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America in terms of region. In 2018, North America accounted for a prominent share of about 34% of the global market for automated fingerprint identification systems. The United States and Canada make a significant contribution to North America’s dominant position on the global market for automated fingerprint identification systems.

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List of Companies Covered: 

• Afix Technologies Inc.

• Cross Match Technologies Inc

• DERMALOG Identification Systems GmbH

• Gemalto NV

• Fujitsu Limited

• HID Global Corporation

• IDEMIA

• NEC Corporation

• Papillon Systems

• Sonda Technologies

• SUPREMA

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