According to IMARC Group’s latest report, titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global automatic identification and data capture market grew at a CAGR of 11% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025.
Automatic identification and data capture (AIDC) technique is used to obtain, record, and convert data into a digital file. This file may include images, audio, and other digital data, transferable into a computer without human intervention. Few common AIDC tools are barcode scanners, magnetic strips, smart cards, optical character recognition (OCR), biometric systems, and radio frequency identification (RFID) systems. These tools offer data encoding, machine scanning, and data decoding, which are widely employed in asset and inventory management, security, and workflow management across industries.
Growing digitization and expanding industrial automation have enlightened the end-users regarding the benefits of advanced systems for data security, driving the demand for AIDC solutions. Additionally, the growing adoption of these tools in the healthcare industry for enhanced visibility of information, accurate data capturing, and optimal operational efficiency. Moreover, technological innovations, like RFID systems, including scanners and tags, find applications across various industries, which further induces the automatic identification and data capture market growth. The deployment of favorable government policies to promote the adoption of AIDC solutions are also expected to foster the automatic identification and data capture (AIDC) market.
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Automatic Identification and Data Capture Market 2020-2025 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the automatic identification and data capture market has been studied in the report with the detailed profiles of the key players operating in the AIDC market.
Some of these key players include:
Alien Technology LLC
Cognex Corporation
Datalogic S.p.A. (Hydra SpA)
Epson America Inc. (Seiko Epson Corporation)
Godex International Co Ltd.
Honeywell International Inc.
NEC Corporation
NXP Semiconductors N.V.
Sato Holdings Corporation
Sick AG
Synaptics Incorporated
Toshiba TEC Corporation
TSC Auto ID Technology Co. Ltd.
Zebra Technologies Corporation
The report has segmented the global automatic identification and data capture market on the basis of offering, product type, vertical and region.
Breakup by Offering:
Hardware
Software
Services
Breakup by Product Type:
Barcode Scanners
Magnetic Stripe Cards
Smart Cards
Optical Character Recognition (OCR) Systems
RFID Products
Biometric Systems
Breakup by Vertical:
Manufacturing
Retail
Transportation and Logistics
Banking and Finance
Healthcare
Government
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Explore report description with table of contents @ https://www.imarcgroup.com/automatic-identification-data-capture-market
Key highlights of the report:
Market Performance (2014-2019)
Market Outlook (2020- 2025)
The Impact of COVID-19 on the Global Market
Market Drivers and Success Factors
Value Chain
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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