The Latin America, Middle East and Africa Automated Fingerprint Identification System (AFIS) Market would witness market growth of 21.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $586.6 million by 2031. The Argentina market is showcasing a CAGR of 22.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 20.5% during (2024 - 2031).
The automated fingerprint identification system (AFIS) market is consolidating as companies seek to expand their capabilities and market reach through strategic mergers and acquisitions. Technology providers are forming partnerships with government agencies and other stakeholders to create collaborative ecosystems for biometric solutions, enhancing market growth and innovation.
Moreover, public awareness campaigns about the benefits and security of biometric systems are increasing acceptance and driving demand for AFIS technologies across various sectors. The focus on user-friendly interfaces and experience design makes AFIS more accessible and acceptable to end-users.
The UAE's Smart Cities & Artificial Intelligence Plan (2018-2022) focuses on managing infrastructure using Information & Internet of Things (IoT) technology. This plan emphasizes the integration of advanced technologies to improve urban living standards, enhance public services, and create sustainable cities. As cities become smarter, there is an increasing need for secure and efficient identity verification systems to manage the vast amount of data generated and ensure the safety of urban environments. AFIS is crucial in this context, providing reliable biometric identification solutions for various smart city applications, such as access control, law enforcement, and public safety.
Free Valuable Insights: The Worldwide Automated Fingerprint Identification System (AFIS) Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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