The global demand for Automatic Identification and Data Capture Market is presumed to reach the market size of nearly USD 99.89 BN by 2030 from USD 52.28 BN in 2022 with a CAGR of 8.43% under the study period 2023 - 2030.
Automatic Identification and data capture refer to techniques for collecting data and automatically identifying objects, and entering them into computer systems without the assistance of a human. AIDC often includes various technologies, such as bar codes, RFID, magnetic stripes, optical character recognition (OCR), smart cards, voice recognition, and biometrics (such as iris and facial recognition systems). The terms "Automatic Identification," "Auto-ID," and "Automatic Data Capture" are also frequently used to refer to automatic Identification and data capture. AIDC refers to a method or procedure for gathering outside data, typically through the analysis of pictures, sounds, or videos. A transducer is used to record data, and convert the sound or actual image into a digital file.
Market Dynamics
This market is expected to grow over the projected period as a result of the rising usage of AIDC systems and their capacity to reduce human error. The increase in the usage of smartphones to recognize images, QR code scanning and the increasing development of e-commerce platforms globally, the automatic Identification and data capture market share is expected to show substantial growth under the study period. Moreover, for ensuring customer safety & security and to protect data privacy, banking and financial institutions are rapidly adopting automatic identification and data capture systems. These are some factors that are augmenting the market growth for automatic Identification and data capture.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automatic identification and data capture. The growth and trends of automatic identification and data capture industry provide a holistic approach to this study.
Market Segmentation
This section of the automatic identification and data capture market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Hardware (RFID Reader, Barcode Scanner, Smart Cards, Optical Character Recognition Devices, Biometric Systems, Others)
- Software
- Services (Integration & Installation Services, Support & Maintenance Services)
By End-User
- Manufacturing
- Retail
- Transportation & Logistics
- Hospitality
- BFSI
- Healthcare
- Government
- Energy & Power
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automatic Identification and Data Capture market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automatic Identification and Data Capture Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automatic identification and data capture market include Zebra Technologies Corp., Datalogic S.p.A., Bluebird Inc., B.O.S. Better Online Solutions LTD., Honeywell International Inc., NEC Corporation, Cognex Corporation, Toshiba Corporation, Panasonic Holdings Corporation, Thales. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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