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Allied Market Research

Automated Fingerprint Identification System Market by Component (Hardware, Software and Services), Search Type (Tenprint Search, Latent Print Search, and Others), Enterprise Size (Large Enterprises and Small & Medium Enterprises), and End User (BFSI, Government, Healthcare, Hospitality, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A12196
Pages: NA
Sep 2021 | 78 Views
   
Author(s) : Vineet Kumar
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COVID-19

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Automated fingerprint identification system is the system for collection and storage of digital fingerprint. These digital fingerprints are used for identification and verification of a person. The automated fingerprint identification system has become a powerful tool in the field of law and forensic sciences. This system is mainly used by the security agencies for the purpose to identify and catch suspicious persons. Various companies have adopted this system to mark the attendance of the employees and track their activities during the office duration. The fingerprint search uses the system that compares the characteristic of the investigation sample to the characteristic of the existing sample. Every individual has a unique biometric identity, making this system unique for identification. And apart from law enforcement, this system is widely used in many other industries as well.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Units

 Value ($)

 Segments Covered

 Component, Search Type, Enterprise Size, End User, and Region.

 Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

 Companies Covered

Cogent Systems Inc., NEC Corporation, Fujitsu Limited, Cross Match Technologies Inc., Suprema Incorporation, Sonda Technologies Ltd., East Shore Technology LLC, M2SYS Technology, Papillon Systems, Hid Global Corporation


COVID-19 Scenario Analysis

  • The outbreak of COVID-19 virus in December 2019, led to the spread of the disease in majority of the countries around the globe with the World Health Organization declaring it a public health emergency. The global impact of the pandemic can be felt almost in every sector and is expected to have a significant impact on the global automated fingerprint identification system market.
  • The operations of various industries have either been temporarily stopped or are functioning with a minimal labor force due to imposed lockdowns and restrictions by respective governing bodies.The automated fingerprint identification system market also suffered a lot in the pandemic. Furthermore, high installation & maintenance cost of the system has even hampered the growth of the market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increase in criminal activities across the globe has led to the demand for high security and assurance devices, which are fast and convenient, leading to the growth of the market. In addition, the companies have adopted this technology to track the movement of employees during the office duration, which propels the market growth. However, the high installation & maintenance cost and fear of data breach by hackers are the factors that hampers the growth of the market. Furthermore, government initiative to deploy the system for the benefit of citizens and demand for the integration of artificial intelligence are expected to open the opportunities for the growth of the market.

The Market Trends for Automated Fingerprint Identification System Market 

Increase in Adoption of Digital Solutions Driving the Market Growth

The rise in the adoption of digital technology in various fields of security and enterprises is expected to propel the growth of the Automated fingerprint identification system market. In addition, the integration of artificial intelligence in the automated fingerprint identification system is anticipated to help in increasing accuracy. Governments of many countries have linked one identification proof with another identification of the same individual to improve transparency within the organizational system of the country. For instance, the government of India asked its citizens to make aadhaar card, benefit of this card is that each individual can have a unique identity number which comprises of the biometric details of the individual. The identity number helps to maintain transparency in the system due to its multiple advantages in the field of healthcare, security, and financial services.

North America to Expect the High Growth during the Forecast Period

North America is expected to see a significant growth in the Automated fingerprint identification system market. Being the origination country, it has been using this system since very long in the fields of security, BFSI, and healthcare. Federal Bureau of Prisons, U.S. Customs & Border Protection (CBP), and Federal Bureau of Investigation (FBI) are the main agencies to make the use of fingerprint identification system. However, government initiatives to generate personal ID, unique identity number, and e-passport with the help of biometric information such as fingerprint, iris, and face recognition propel the growth of the market.

Key Segments Covered

Segments

Subsegments

 Component

  • Hardware
  • Software
  • Services

 Search Type

  • Latent Print Search
  • Tenprint Search
  • Others

 Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

 End User

  • BFSI
  • Government
  • Healthcare
  • Hospitality
  • Transportation
  • Others


Key Benefits of the Report

  • This study presents analytical depiction of the automated fingerprint identification system market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the growth scenario of the market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions Answered in the Automated Fingerprint Identification System Market Research Report

  • Which are the leading players active in automated fingerprint identification system market?
  • What would be the detailed impact of COVID-19 on automated fingerprint identification system market?
  • What are the current trends that would influence the Automated fingerprint identification system market in the next few years??
  • What are the driving factors, restraints, and opportunities in the automated fingerprint identification system market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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