Global Automatic Identification and Data Capture Market, By Offering (Hardware, Software, Services), Product (Barcodes, Magnetic Stripe Cards, Smart Cards, Optical Character Recognition (OCR) Systems, RFID Products, Biometric Systems), Vertical (Manufacturing, Retail, Transportation and Logistics, Banking and Finance, Healthcare, Government, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Automatic Identification and Data Capture Market
The automatic identification and data capture market is expected to witness market growth at a rate of 21.55% in the forecast period of 2022 to 2029. Data Bridge Market Research report on automatic identification and data capture market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise manufacturing industry globally is escalating the growth of automatic identification and data capture market.
Automatic identification and data capture (AIDC) is defined as the technique used for obtaining, recording and converting data into a digital file. This digital file include images, audio and other digital data that can be directly administered into computer with no need of human intervention. Some of the commonly used AIDC tools are magnetic strips, optical character recognition (OCR), radio frequency identification (RFID) systems and smart cards, among others.
The rise in e-commerce industry across the globe acts as one of the major factors driving the growth of automatic identification and data capture market. The adoption of AIDC solutions owning to their ability for declining queuing and transaction time and offer greater convenience to users in making small-value payments accelerate the market growth. The adoption of AIDC solutions by banking and financial institutions in order to ensure customer safety and security, coupled with data privacy further influence the market. Additionally, huge amounts of data generated, rise in the adoption of Internet of things, rapid digitization, increase system availability and high use of smartphones for QR code scanning and image recognition positively affect the automatic identification and data capture market. Furthermore, focus of enterprises to implement new and improved supply chain management tools extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high installation cost of AIDC solutions is expected to obstruct the market growth. Malware attacks and security breaches are projected to challenge the automatic identification and data capture market in the forecast period of 2022-2029.
This automatic identification and data capture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automatic identification and data capture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automatic Identification and Data Capture Market Scope and Market Size
The automatic identification and data capture market is segmented on the basis of offering, product and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the automatic identification and data capture market is segmented into hardware, software and services.
- On the basis of product, the automatic identification and data capture market is segmented into barcodes, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID products, and biometric systems. Barcodes are further segmented into barcode scanners and barcode printers. Smart cards are further segmented into contact smart cards and contactless smart cards. RFID products are further segmented into RFID scanners, RFID tags and RFID printers. Biometric systems are further segmented into face recognition systems, IRIS recognition system and voice recognition system.
- On the basis of vertical, the automatic identification and data capture market is segmented into manufacturing, retail, transportation and logistics, banking and finance, healthcare, government and others. Manufacturing is further segmented into smartphone manufacturers, automotive and food and beverages. Retail is further segmented into warehouses, supermarkets and e-commerce companies. Transportation and logistics are further segmented into public transport, courier and postal services and freight forwarding.
Automatic Identification and Data Capture Market Country Level Analysis
The automatic identification and data capture market is analyzed and market size, volume information is provided by country, offering, product and vertical as referenced above.
The countries covered in the automatic identification and data capture market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automatic identification and data capture market due to the increased purchasing power of the middle-class people within the region. North America is expected to witness highest growth during the forecast period of 2022 to 2029 because of the wide acceptance of advanced technologies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automatic Identification and Data Capture Market Share Analysis
The automatic identification and data capture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automatic identification and data capture market.
Some of the major players operating in the automatic identification and data capture market report are Datalogic S.p.A., Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, Toshiba Corporation, NEC Corporation, NXP Semiconductors N.V., Synaptics, Sato Holdings Corporation, JADAK Tech, Axicon Auto ID Ltd., Microscan System, Inc., Unitech Electronics Co. Ltd., Opticon Sensors Europe B.V., IMPINJ Inc., Better Online Solutions, TSC Auto ID Technology Co., Ltd., Epson America Inc., Allien Technologies Corporation, and Avery Dennison Corporatio among others.
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