Automated Fingerprint Identification System (AFIS) Market

Global Automated Fingerprint Identification System (AFIS) Market Size, Share & Trends Analysis Report By Search Type (Tenprint Search and Latent Search), By Component, By End Use, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-25104 Publication Date: October-2024 Number of Pages: 272
2023
USD 7.8 Billion
2031
USD 29.1 Billion
CAGR
18.7%
Historical Data
2020 to 2022

“Global Automated Fingerprint Identification System (AFIS) Market to reach a market value of USD 29.1 Billion by 2031 growing at a CAGR of 18.7%”

Analysis of Market Size & Trends

The Global Automated Fingerprint Identification System (AFIS) Market size is expected to reach $29.1 billion by 2031, rising at a market growth of 18.7% CAGR during the forecast period.

The need for accurate patient identification and secure access to medical records fuels the healthcare industry’s adoption of AFIS technology. AFIS helps healthcare providers ensure that patient information is correctly matched to the right individual, reducing the risk of medical errors and enhancing patient safety. Additionally, using AFIS in healthcare facilities enhances the security of controlled substances and restricted areas, ensuring that only authorized personnel have access. Implementing AFIS technology in healthcare is instrumental in maintaining patient data integrity and improving overall healthcare delivery, contributing to the segment’s significant revenue share. Thus, the healthcare segment procured 11% revenue share in the automated fingerprint identification system (AFIS) market in 2023.

Automated Fingerprint Identification System (AFIS) Market Size - Global Opportunities and Trends Analysis Report 2020-2031

AFIS offers reliable access control, ensuring only authorized personnel can enter sensitive areas or access critical information. Adopting biometric authentication solutions is becoming a standard practice in sectors such as finance, healthcare, and government, where data sensitivity is paramount. This necessity for secure access drives the growth of the automated fingerprint identification system (AFIS) market. Additionally, AFIS technology allows authorities to perform rapid fingerprint comparisons against extensive databases, streamlining the process of identifying migrants. This capability is essential in enhancing national security while ensuring the fair and efficient processing of individuals crossing borders. Thus, the rising prevalence of migration worldwide serves as a significant driver for the growth of the automated fingerprint identification system (AFIS) market.

However, AFIS vendors or upgrade their systems may encounter challenges migrating existing biometric data. If the new system does not adhere to the same standards as the previous one, data compatibility issues may arise, leading to potential data loss or corruption. This situation creates apprehension about long-term investments in AFIS solutions. Thus, the difficulty in establishing a universal standard for biometric data is driving the market's growth.

Automated Fingerprint Identification System (AFIS) Market Share 2023

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Driving and Restraining Factors
Automated Fingerprint Identification System (AFIS) Market
  • Rising need for enhanced security measures in a digital age
  • Increasing adoption of biometric technologies across various sectors
  • Increasing prevalence of migration worldwide
  • High implementation and maintenance costs associated with AFIS solutions
  • Difficulty in establishing a universal standard for biometric data
  • Government initiatives and regulations promoting biometric authentication
  • Expansion of smart city initiatives incorporating biometric solutions
  • Potential for misuse and ethical concerns regarding biometric surveillance
  • Need for continuous updates and system upgrades

End Use Outlook

By end use, the market is divided into banking & finance, consumer electronics, defense & security, government, healthcare, transport & logistics, and others. The government segment witnessed 33% revenue share growth rate in the market in 2023. Governments worldwide increasingly adopt AFIS technology for various applications, including law enforcement, border control, and civil identification programs. AFIS enhances public safety and security by providing reliable and efficient identification methods.

Automated Fingerprint Identification System (AFIS) Market Share and Industry Analysis Report 2023

Component Outlook

On the basis of component, the market is segmented into hardware, software, and service. In 2023, the software segment attained 32% revenue share in the market. Software components are responsible for analyzing and matching fingerprint data, ensuring accurate identification and verification. Several factors contribute to the significant revenue share of the software segment.

Search Type Outlook

Based on search type, the market is segmented into tenprint search and latent search. In 2023, the tenprint search segment procured 53% revenue share in the market. Tenprint searches involve comparing an individual’s ten fingerprints against a database to confirm identity. This method is extensively used for background checks, issuing identity cards, and verifying individuals in high-security environments.

Free Valuable Insights: Global Automated Fingerprint Identification System (AFIS) Market size to reach USD 29.1 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 31% revenue share in the market. The increasing emphasis on security and identity verification in countries such as China, India, and Japan have significantly contributed to this growth.

Automated Fingerprint Identification System (AFIS) Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 7.8 Billion
Market size forecast in 2031 USD 29.1 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 18.7% from 2024 to 2031
Number of Pages 272
Number of Tables 380
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Search Type, Component, End Use, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (Japan, China, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included

CardLogix Corporation, Dermalog Identification Systems Gmbh, M2SYS Technology, Inc., Fujitsu Limited, HID Global Corporation (Assa Abloy AB), BIO-key International, Inc., NEC Corporation, Thales Group S.A., Synaptics Incorporated and Aware, Inc.

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List of Key Companies Profiled

  • CardLogix Corporation
  • Dermalog Identification Systems Gmbh
  • M2SYS Technology, Inc.
  • Fujitsu Limited
  • HID Global Corporation (Assa Abloy AB)
  • BIO-key International, Inc.
  • NEC Corporation
  • Thales Group S.A.
  • Synaptics Incorporated
  • Aware, Inc.

Automated Fingerprint Identification System (AFIS) Market Report Segmentation

By Search Type

  • Tenprint Search
  • Latent Search

By Component

  • Hardware
  • Software
  • Service

By End Use

  • Government
  • Defense & Security
  • Banking & Finance
  • Healthcare
  • Transport & Logistics
  • Consumer Electronics
  • Other End Use

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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