The Asia Pacific Automated Fingerprint Identification System (AFIS) Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $2,430.9 million by 2031. The Japan market is registering a CAGR of 18.6% during (2024 - 2031). Additionally, The India market would 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.
Free Valuable Insights: The Global Automated Fingerprint Identification System (AFIS) Market is Predict to reach USD 29.1 Billion by 2031, at a CAGR of 18.7%
Based on Search Type, the market is segmented into Tenprint Search and Latent Search. Based on Component, the market is segmented into Hardware, Software, and Service. Based on End Use, the market is segmented into Government, Defense & Security, Banking & Finance, Healthcare, Transport & Logistics, Consumer Electronics, and Other End Use. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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