The Tenprint Search Automated Fingerprint Identification System market is experiencing substantial growth due to rising security demands in banking and government sectors. The technology captures ten fingerprints for a universal database, enhancing authentication processes in various applications including mobile transactions and border security. Notable market players are adopting strategic expansions to leverage this growth opportunity.
The Tenprint Search Automated Fingerprint Identification System (AFIS) market is witnessing significant growth driven by increasing demand from banking, government, and mobile sectors. The process involves capturing rolled and plain impressions of all ten fingers, which are then analyzed and stored in a universal database, often used during visa interviews.
Key growth drivers include enhanced security needs for transactions and the adoption of biometric systems in smartphones and ATMs. This technology is expanding opportunities in border management and remote transaction authentication.
Market segmentation shows a predominance of the software segment, which generated the highest revenue in 2021. By application, government and commercial sectors collectively held nearly 50% market share.
The report highlights that North America was the largest regional market in 2021, accounting for over a third of total market size. Major players like THALES, IDEMIA, and Suprema Inc. are embracing strategic actions such as collaborations and acquisitions to strengthen their market positions.
The Tenprint Search AFIS market is set for sustained growth, fueled by security demands in various sectors, especially banking and government. This segment is characterized by significant contributions from the software and government sectors, indicating a robust future for biometric identification technologies, particularly in North America.
Original Source: www.openpr.com
