Fingerprint Identification Systems Market is estimated to be US$ 92.5 billion by 2032; Rising adoption of Digital Technologies to secure against Potential Threats Fuel Industrial Growth

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Published Date: May 2023

Fingerprint Identification Systems Market is a biometric solution consist of computer database of fingerprint records which able to search and compare them to identify known and unknown fingerprints.

Rising demand of Automated Fingerprint Identification System (AFIS) in banking, finance and government sector has become the major factor in target market growth. Rising adoption of digital technologies and AFIS system in smartphones, various industries for identification of employee is expected to propel the demand for Fingerprint Identification Systems market growth in coming years.

The report “Fingerprint Identification Systems Market, By Type (Single Modal AFIS and Multi Modal AFIS), By Application (Criminal and Civil), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

In June 2019, NEC Technologies India (NECTI), has partnered with Centre for Development of Advanced Computing (C-DAC)(1) to deploy its industrial leading automated fingerprint identification system for Kerala State Police in India. New developed system will help the state police to accelerate investigations more efficiently by providing accurate and faster verification of fingerprint.

Analyst View:

The key factor driving the growth of the Fingerprint Identification Systems market is increasing demand for Fingerprint Identification Systems due to its high benefits. To save and record fingerprint data of employees, need for secure transaction and to identify unknown theft in criminal and civil applications is expected to fruitful the demand for Fingerprint Identification Systems market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables and 35 figures* through 140 slides and in-depth TOC on* “Fingerprint Identification Systems Market, By Type (Single Modal AFIS and Multi Modal AFIS), By Application (Criminal and Civil), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Fingerprint Identification Systems Market accounted for US$ 12.3 billion in 2022 and is estimated to be US$ 92.5 billion by 2032 and is anticipated to register a CAGR of 21.0%. The Fingerprint Identification Systems Market is segmented based on Type, Application and Region.

Based on Type, Fingerprint Identification Systems Market is segmented into Single Modal AFIS and Multi Modal AFIS.
Based on Application, Fingerprint Identification Systems Market is segmented into Criminal and Civil.
By Region, the Fingerprint Identification Systems Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Fingerprint Identification Systems Market:

The prominent players operating in the Fingerprint Identification Systems Market includes, NEC Corporation, Morpho S.A.S, Cogent Systems, Inc., Suprema HQ, Dermalog, HID Global, Fujitsu Ltd., Crossmatch, M2SYS Technology, Afix Technologies and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period