Automatic Identification and Data Capturing Systems Market To Develop Rapidly By 2027

Global Automatic Identification and Data Capturing Systems Market – Introduction

Automatic Identification and Data Capture (AIDC) is a technique of identification as well as recognition of entities. The Automatic Identification and Data Capture (AIDC) method utilized in various applications include self-checkout systems, payment authentication, and other applications.
Automatic Identification and Data Capture (AIDC) tools are deployed in various end-user sectors such as retail, financial institutions, and industrial automation to allow users to systematize tracking & detect relevant information.

Increasing adoption of voice biometric solutions driving the global automatic identification and data capture (AIDC) market

Worldwide, countries are becoming proactive by adopting novel technology. New procedures of authentication are emerging to protect online as well as offline resources. Voice verification is the upcoming technology in terms of validating authentic customers. Voice biometric systems utilize voice patterns to produce distinctive identification for every person worldwide, by utilizing over 100 behavioral & physical factors.
For instance, voice biometric solution providers focus on four major factors for the advancement of voice biometric technology. These include privacy, convenience, security, and cost. Hence, it is a highly reliable technology that offers accurate results. Moreover, the use of voice biometric solutions can reduce the challenges of handling passwords, PINs, and security questions & answers and also reduces the need to provide customer information. Therefore, increasing adoption of voice biometric solutions is driving the global automatic identification and data capture (AIDC) market.

North America to hold major share of the global automatic identification and data capture (AIDC) market

In terms of region, the global automatic identification and data capture (AIDC) market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
North America is anticipated to account for major share of the global automatic identification and data capture (AIDC) market during the forecast period due to increasing adoption of new trends such as bring-your-own-device (BYOD) that can be used on-the-move, indicating potential growth of the automatic identification and data capture (AIDC) market. Europe is estimated to be the second largest market for automatic identification and data capture (AIDC) from 2019 to 2027. Huge demand for barcodes, smart cards, biometrics, and other solutions in various sectors (BFSI, retail, transportation etc.), is likely to drive the automatic identification and data capture (AIDC) market in the region.
Asia Pacific is projected to be a rapidly expanding region of the global automatic identification and data capture (AIDC) market during the forecast period due to rising government regulations supporting high adoption of automatic identification and data capture (AIDC) solutions, which is expected to increase the adoption of automatic identification and data capture (AIDC) in the region.

Global Automatic Identification and Data Capturing Systems Market – Competitive Landscape

In May 2019, NXP Semiconductors along with Identive Group, Inc. introduced a new “ultra-low-cost NFC inlay” in various applications such as customer engagement and Internet of Things (IoT). The product is specifically designed for publishing, gaming, and retail end-users. The initiative would help the company to enhance its market share in Automatic Identification and Data Capture (AIDC) market.

Key Players Operating in the Global Market

More Trending Reports by Transparency Market Research –