October 7, 2020

Automatic Identification and Data Capture Market Size, Latest Trends and Forecast Report by 2027

The global Automatic identification and data capture market is studied in detail in the new report on Qualiket Research. The new report studies the Automatic identification and data capture market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.

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Automatic identification and data capture (AIDC) is a set of advanced technologies which are mainly used for data collection from an object, image, individual, or sound. These technologies mainly used to manage security, document, assets, delivery, and inventory.  AIDC widely used in various end use industries such as Manufacturing, Retail, Transportation & Logistics, Healthcare, Government, and Others.

Market Drivers

Increase in growth of E-commerce industry across the globe is the key driving factor which is expected to boost the global automatic identification and data capture market growth. Furthermore, increase in use of smartphones for QR scanning and image recognition will positively influence the market growth. Also, growing demand of these solutions due to their ability to reduce queuing and transaction time and offer greater convenience to users in making small value payments. It is another driving factor which is expected to propel the global automatic identification and data capture market growth over the forecast period. Moreover, increase in focus of organizations to implement new and improved supply chain management tools along with requirement for automatic identification and data capture solutions will drive the market growth during this forecast period.

Market Restraints

However, high deployment cost is the major challenging factor which is expected to hinder the global automatic identification and data capture market growth. Also, increase in malware attacks and security breaches followed by data theft will affect the market growth.

Market Key Players

Various key players are discussed in this report such as HONEYWELL, ZEBRA TECHNOLOGIES, SICK AG, COGNEX, TOSHIBA, GETAC, DELL, SAMSUNG, and PANASONIC.

Market Taxonomy

By Offering

  • Hardware
  • Software
  • Services

By Product

  • Magnetic Stripe Cards
  • Barcodes
  • Optical Character Recognition Systems
  • Radio Frequency Identification Systems
  • Biometric Systems

By Vertical

  • Manufacturing
  • Retail
  • Transportation & Logistics
  • Healthcare
  • Government
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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