The Asia Pacific Automated Fingerprint Identification System (AFIS) Market is expected to witness market growth of 19.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Automated Fingerprint Identification System (AFIS) Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.43 billion by 2031. The Japan market is registering a CAGR of 18.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 20.1% during 2024-2031.
AFIS is utilized in immigration offices to streamline border control processes, allowing for quick verification of identities against government databases. Many countries have adopted biometric passports containing fingerprints, which are matched with AFIS during travel, enhancing security and reducing the chances of fraud.
Moreover, retailers leverage AFIS to verify customer identities in loyalty programs, allowing seamless and personalized shopping experiences based on verified profiles. AFIS manages employee access to sensitive areas within retail and hospitality establishments, enhancing overall security and operational efficiency.
The BFSI sector in India has been on a robust growth trajectory, significantly shaping the country's financial landscape. As the sector expands, there is an increasing demand for innovative solutions to enhance security, efficiency, and customer experience. One such solution is the Automated Fingerprint Identification System (AFIS), which is becoming essential in ensuring secure identity verification and fraud prevention.
The China market dominated the Asia Pacific Automated Fingerprint Identification System (AFIS) Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.43 billion by 2031. The Japan market is registering a CAGR of 18.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 20.1% during 2024-2031.
AFIS is utilized in immigration offices to streamline border control processes, allowing for quick verification of identities against government databases. Many countries have adopted biometric passports containing fingerprints, which are matched with AFIS during travel, enhancing security and reducing the chances of fraud.
Moreover, retailers leverage AFIS to verify customer identities in loyalty programs, allowing seamless and personalized shopping experiences based on verified profiles. AFIS manages employee access to sensitive areas within retail and hospitality establishments, enhancing overall security and operational efficiency.
The BFSI sector in India has been on a robust growth trajectory, significantly shaping the country's financial landscape. As the sector expands, there is an increasing demand for innovative solutions to enhance security, efficiency, and customer experience. One such solution is the Automated Fingerprint Identification System (AFIS), which is becoming essential in ensuring secure identity verification and fraud prevention.
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.
Market Report Segmentation
By Search Type- Tenprint Search
- Latent Search
- Hardware
- Software
- Service
- Government
- Defense & Security
- Banking & Finance
- Healthcare
- Transport & Logistics
- Consumer Electronics
- Other End Use
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Automated Fingerprint Identification System (AFIS) Market by Search Type
Chapter 6. Asia Pacific Automated Fingerprint Identification System (AFIS) Market by Component
Chapter 7. Asia Pacific Automated Fingerprint Identification System (AFIS) Market by End Use
Chapter 8. Asia Pacific Automated Fingerprint Identification System (AFIS) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Asia Pacific Automated Fingerprint Identification System (AFIS) Market include:- 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.
Methodology
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