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Automated Fingerprint Identification Systems Market
Automated Fingerprint Identification Systems Market: Global Opportunity Analysis and industry Forecast, 2020–2030
the global Automated Fingerprint Identification Systems (AFIS)market share and Automated Fingerprint Identification Systems (AFIS) market size is expected to witness considerable growth.” - Allied Market Research
WILMINGTON, DELAWARE, UNITED STATES, November 1, 2023 /EINPresswire / -- Automated Fingerprint Identification Systems (AFIS) Market By Component (Software and Hardware), By Search Type (Tenprint Search, and Latent Search) and Application (Commercial, Governments, Banking & Finance, Healthcare, Hospitality, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030.
The global automated fingerprint identification system market was valued at $8.42 Billion in 2020, and is projected to reach $68.00 Billion by 2030, growing at a CAGR of 23.3% from 2021 to 2030.
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The key factors that drive the Automated Fingerprint Identification Systems (AFIS) market growth include the rising demand of the ASFI systems in banking & finance, and government sector, the increasing advantages of automated fingerprint identification systems over conventional method, and rising adoption of AFIS in smartphones and automated teller machines are expected to drive growth of the market in the future. However, Lack of skilled technicians. Moreover, rising demand of AFSI in border management, and growing adoption of online transactions across the globe create ample opportunities for the growth of Automated Fingerprint Identification Systems (AFIS) market share.
COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partnersacross the globe.
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Competitive Analysis:
The automated fingerprint identification system industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the automated fingerprint identification system market include,
.THALES,
.IDEMIA,
.Synaptics incorporated,
.SecuGen Corporation,
.HID global Corporation,
.Precise biometrics,
.Innovatrics,
.Suprema, Aware Inc.
.DERMALOG Identification Systems GmbH.
Top Impacting Factors:
The significant impacting factors in the global Automated Fingerprint Identification Systems (AFIS) market size rising demand of the ASFI systems in banking & finance, and government sector, the increasing advantages of automated fingerprint identification systems over conventional method, and rising adoption of AFIS in smartphones and automated teller machines are expected to drive growth of the market in the future.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
1 study comprises analytical depiction of the Automated Fingerprint Identification Systems (AFIS) market size, Automated Fingerprint Identification Systems (AFIS) market growth along with the current trends and future estimations to depict imminent investment
2 overall Automated Fingerprint Identification Systems (AFIS) market analysis and Automated Fingerprint Identification Systems (AFIS) market outlook is determined to understand the profitable trends to gain a stronger foothold.
3 report presents information related to key drivers, restraints, and opportunities with a detailed impact
4 present Automated Fingerprint Identification Systems (AFIS) market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
5's five forces analysis illustrates the potency of the buyers and the sensor market share of key
6 report includes the market trends, Automated Fingerprint Identification Systems (AFIS) market size and the Automated Fingerprint Identification Systems (AFIS)market share of key vendors.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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Allied Analytics LLP
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