Press release
Global Automatic Identification & Data Capture (AIDC) Market Worth USD 71.74 Billion By 2022
Automatic Identification & Data Capture (AIDC) Market Size by Product Type (Barcode Printers, Barcode Verifiers, Barcode Scanners, RFID Devices, Magnetic Stripe Readers, Smart Card Readers, Biometrics, Optical Character Recognition, and Mobile Computers), by Vertical/Industry (Manufacturing, Retail, Transportation & Logistics, Banking & Financial, Healthcare, and Others) Global Opportunity Analysis and Industry Forecasts To 2022.
Browse in-depth Report on https://www.meticulousresearch.com/product/automatic-identification-data-capture-aidc-market/
The rising need for faster and error free data collection, improving operating efficiency, and growing need to reduce data entry error related operating costs are the major factors that significantly impacted the development in Automatic Identification & Data Capture (AIDC) market. Implementation of Global Automatic Identification & Data capture (AIDC) technology is helping various industries to keep electronic records by an accurate collection of data that has eliminated errors; and improved overall productivity & operation by keeping proper track of inventory, accounts, human resources, and overall operations of the organizations.
Following a comprehensive research on Global Automatic Identification & Data Capture (AIDC) Market and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, trends, and opportunities, listed in the market dynamics segment. Growing need to eliminate manual data capture & entry errors, rising government legislative on the use of AIDC technology, technological advancements, growing e-commerce industry, and rising adoption of AIDC technology in healthcare sector are the key market drivers covered in the report which will support the industry growth in the forecast period. However, lack of awareness and high upfront investments associated with installation of certain Global Automatic Identification & Data Capture products such as RFID and biometric systems are the major pain points, restraining the adoption of this technology.
Market Dynamics
1. Drivers
1.1. Growing Need to Eliminate Data Capture & Entry Errors
1.2. Rising Government Legislatives on the Use of AIDC Technology
1.3. Growing E-Commerce industry
1.4. Technological Advancements.1.5. Other Drivers
2. Restraints
2.1. Lack of Awareness
2.2. High Cost involved in Deploying Biometric and RFID Systems
2.3. Other Restraints
3. Opportunities
3.1. Emerging Markets
3.2. Growing Healthcare Sector
3.3. Other Opportunities
4. Market Share Analysis, by Key Players
For more info, please download sample report@: https://www.meticulousresearch.com/download-sample-report/?cp_id=3176
On the basis of product type, biometric systems segment dominated the Global Automatic Identification & Data Capture market and is also expected to continue its dominance during the forecast period, owing to their rising adoption by various industries such as banking & financial institutes, government agencies, healthcare facilities, offices, and travel & immigration sector to improve overall security; to keep track of staff, patients, and customers; and for identification of individuals.
On the basis of industry/vertical, retail industry commanded the largest share in the Global Automatic Identification & Data Capture market, owing to the higher adoption of automatic identification & data capture technologies such as barcode & RFID for billing, supply chain management, staff & asset tracking, and replenishment ordering in the retail value chain. Moreover, with the growing urbanization and rising demand for various consumer goods, the retail industry is experiencing significant growth in various countries across the globe, thereby increasing the adoption of AIDC technologies in this sector.
An exhaustive analysis of the geographical scenario of the industry for the five major geographies: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is included in the geographical analysis section.
These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identifies U.S. to be the largest market with more than 37% share of the market revenue of the industry in 2017, followed by Germany, Japan, and Canada. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
Contact us
Viren Shrivastava
Email: viren@meticulousresearch.com
Contact Sales- +1-646-781-8004
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions
Asia-Pacific
Office No-202, 203,204,205,206; 2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad, 411057 India.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automatic Identification & Data Capture (AIDC) Market Worth USD 71.74 Billion By 2022 here
News-ID: 1726410 • Views: …
More Releases from Meticulous Research®
Rooftop HVAC Units Market to Reach $24.85 Billion by 2035 | 6.4% CAGR
Growing Demand for Energy-Efficient Rooftop HVAC Units
The global rooftop HVAC units market is witnessing steady growth, driven by the rising need for compact and energy-efficient heating, ventilation, and air conditioning systems. Valued at USD 12.45 billion in 2024, the market is projected to rise from USD 13.42 billion in 2025 to approximately USD 24.85 billion by 2035, growing at a CAGR of 6.4%. The increasing adoption of HVAC systems in…
Seed Coating Market to Reach $4.23 Billion by 2032 | 7.7% CAGR Growth
Growing Market Overview
The global seed coating market is experiencing steady expansion as agricultural industries increasingly adopt advanced seed treatment technologies. Valued at $2.34 billion in 2024, the market is projected to reach $4.23 billion by 2032, growing at a CAGR of 7.7% between 2025 and 2032. This strong growth is driven by rising demand for low-cost crop protection solutions, rapid technological advancements, and the increasing focus on seed treatment as…
PAP Devices Market to Reach $6.97 Billion by 2032 | 5.2% CAGR
The Positive Airway Pressure (PAP) Devices Market is witnessing steady expansion, driven by the increasing prevalence of respiratory and sleep disorders worldwide. Valued at approximately $6.97 billion by 2032, the market is expected to grow at a CAGR of 5.2% from 2025 to 2032. The rising geriatric population, growing awareness about the dangers of untreated sleep apnea, favorable reimbursement policies, and ongoing technological advancements in PAP devices are contributing significantly…
Direct Air Capture Market Set to Skyrocket to $6.93 Billion by 2035 Driven by Gl …
The global Direct Air Capture (DAC) market is gaining remarkable traction as the world intensifies its efforts to achieve carbon neutrality and mitigate the effects of climate change. Valued at $136.5 million in 2024, the market is projected to reach nearly $6.93 billion by 2035, growing from an estimated $189.7 million in 2025 at a striking CAGR of 43.3% during the forecast period (2025-2035). This exponential growth reflects the rising…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
