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Stock impact report

Automated Fingerprint Identification System Market to Hit USD 67.55 Billion by 2032 | at a CAGR of 21.24% | Report by SNS Insider [Yahoo! Finance]

BIO-key International, Inc. (BKYI) 
NASDAQ:AMEX Investor Relations: bio-key.com/investors
Company Research Source: Yahoo! Finance
Austin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis: The SNS Insider report indicates that, “The Automated Fingerprint Identification System (AFIS) Market Size was valued at USD 11.96 Billion in 2023 and is expected to reach USD 67.55 Billion by 2032 and grow at a CAGR of 21.24% over the forecast period 2024-2032.” Driving Forces Behind AFIS Market Expansion The surge in security demands, particularly within law enforcement, border control, and national identification programs, is a primary driver of AFIS market growth. Governments worldwide are adopting biometric solutions to bolster security protocols and enhance public safety. Additionally, technological advancements in AFIS, such as faster processing speeds, improved accuracy, and seamless integration capabilities with other biometric modalities, are further propelling adoption. The expansion of smart city initiatives and the rise in digitalization within emerging economies also contribute to the increas Show less Read more
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