According to a market report by Lucintel, the future of the automated fingerprint identification system market looks promising with opportunities in the government, healthcare, transportation, hospitality, and banking and finance industries. The automated fingerprint identification system market is expected to grow with a CAGR of 21% from 2019 to 2024. The major drivers for this market are transformation and technology evolution from manual process to digital process, increasing need for secure transaction, and increasing adoption of mobile payment solutions.
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In this market, ten print to ten print searches and latent to latent searches are the major search types. Ten print to ten print searches is the largest segment. Within the automated fingerprint identification system market, government, healthcare, transportation, hospitality, and banking and finance are the major end use industries. Software and hardware like fingerprint, input modules, microprocessors/microcontrollers, and displays are the major component types of the automated fingerprint identification system market.
North America will remain the largest region over the forecast period due to increasing government spending on safety and security.
3M Cogent, Morpho, NEC Corporation, Crossmatch Technologies, M2SYS Technology, AFIX Technologies, Papillon Systems and others are among the major manufacturers of automated fingerprint identification system.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automated fingerprint identification system market by component, end use industry, search type, and region. Lucintel has prepared a comprehensive research report entitled "Automated Fingerprint Identification System Market 2019-2024: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automated fingerprint identification system market by component, end use industry, search type, and region as follows:
By Component [$M shipment analysis for 2013 – 2024]:
Hardware
Fingerprint Input Modules
Microprocessors/Microcontrollers
Displays
Others
Software
By Search Type [$M shipment analysis for 2013 – 2024]:
Tenprint to Tenprint Searches
Latent to Latent Searches
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Government
Healthcare
Transportation
Hospitality
Banking & Finance
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automated-fingerprint-identifiaction-systemmarket.aspx or helpdesk@lucintel.com.
About Lucintel
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