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Automatic Identification and Data Capture Market to Witness Huge Growth by Key Players: Datalogic, Honeywell, Zebra Technologies, SICK AG, Cognex, Toshiba, NEC, NXP, Synaptics and Others.

04-17-2020 10:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Automatic Identification and Data Capture Market to Witness

According to Market Study Report, Automatic Identification and Data Capture Market provides a comprehensive analysis of the Automatic Identification and Data Capture Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape, technological trends and market share information in the Automatic Identification and Data Capture Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Automatic Identification and Data Capture Market is likely to be valued at USD 40.31 Billion in 2018 and is expected to reach USD 72.00 Billion by 2023, at a CAGR of 12.30% between 2018 and 2023. This report spread across 178 pages, profiling 10 companies and supported with 67 tables and 57 figures are now available in this research.

Top Companies Profiled in the Automatic Identification and Data Capture Market:
o Datalogic (Italy)
o Honeywell (US)
o Zebra Technologies (US)
o SICK AG (Germany)
o Cognex (US)
o Toshiba (Japan)
o NEC (Japan)
o NXP (Netherlands)
o Synaptics (US)
o SATO (Japan)

"Market for the retail industry to register the highest CAGR during the forecast period."
Among all verticals, the automatic identification and data capture market for the retail industry is expected to grow at the highest rate between 2018 and 2023. The growth of the automatic identification and data capture market for the retail sector can be attributed to the high adoption of automatic identification and data capture solutions for product authentication, inventory optimization, effective supply chain management, advanced merchandising, and mobile commerce applications.

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"The automatic identification and data capture market for services to register the highest CAGR between 2018 and 2023."
Among all offerings, the automatic identification and data capture market for services is expected to grow at the highest rate between 2018 and 2023. Frequent requirements related to repair and installation services, and technical and training support drive the growth of the automatic identification and data capture market for services.

"The market for biometric systems to grow at the highest rate during the forecast period."
Among all the product categories of automatic identification and data capture solutions, the market for biometric systems is expected to grow at the highest CAGR between 2018 and 2023. The ability to automatically identify a person based on physiological characteristics is the major factor driving the growth of the market for biometric systems.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
o By Designation: Directors - 50%, Vice Presidents - 25%, Managers - 20%, and Others - 5%
o By Region: North America - 40%, Europe - 35%, APAC - 15%, and RoW - 10%

Competitive Landscape of Automatic Identification and Data Capture Market:
1 Introduction
2 Ranking Analysis of Automatic Identification and Data Capture Market Players
3 Competitive Scenario
3.1 Expansions
3.2 Product Launches and Developments
3.3 Acquisitions
3.4 Partnerships, Collaborations, Contracts, and Joint Ventures

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Research Coverage:
In this research report, the automatic identification and data capture market has been segmented on the basis of product, offering, vertical, and geography. Based on product, the automatic identification and data capture market has been segmented into barcodes, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID products, and biometric systems. By offering, the automatic identification and data capture market has been classified into hardware, software, and services.

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