Press release
Rapid Raise in Automatic Identification and Data Capture Market by 2027 with Top Companies as Cipherlab Co., Ltd.; Bluebird Inc.; Cognex Corporation; DatalogicS.p.A; Denso Wave Inc.
Automatic Identification and Data Capture
Programmed machinery play a vital role in reducing the time required for production or servicing and cost of the same. The end users are provided with a greater control over the sensitive data with a 24×7 monitoring and security. The deployment of programmed tools such as automatic data capture instruments allows organizations to lower the need of human intervention. Reduced human intervention leads to lesser errors by any system. The uniformity of results obtained on the deployment of programmed processesacts as an opportunity for organizations to achieve greater efficiencies, than those achieved with human interactions.
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Top Key Players:- Cipherlab Co., Ltd.; Bluebird Inc.; Cognex Corporation; DatalogicS.p.A; Denso Wave Inc.; Honeywell International Inc.; SATO Holdings Corporation; SICK AG; Toshiba Corporation; and Zebra Technologies Corporationare
Impact of COVID-19 Pandemic on Automatic Identification and Data Capture Market
The automatic identification and data capture market players were witnessing substantial rise in demand for their products and services before the emergence of COVID-19outbreak in December 2019. The demand for their products and services drastically fell across the industries other than healthcare, logistics, and retail due to the lockdowns and business shutdowns in various countries. Manufacturing units operating with limited manpower amid the COVID-19 crisishave led to the lowered production volumes; this has had a direct impact on the adoption of barcode labels, RFID tags, OCR, and smart cards as the manufacturers restricted themselves from investing in such modern technologies and rather redirected their focus on improving productivity, along with adhering to the norms laid down by respective governments.
The report segments the global automatic identification and data capture market as follows:
By Offering
• Hardware
• Software
• Services
By Product
• Barcodes Products
• Magnetic Stripe Cards
• Smart Cards
• OCR Systems
• RFID Products
• Biometric Systems
By Industry Vertical
• BFSI
• Retail &E-commerce
• Manufacturing
• Healthcare
• Government
• Transportation & Logistics
North Americaheld the largest share of the automatic identification and data capture market in 2019,followed by Europe and Asia Pacific. Further,Asia Pacific is projected to register the highest CAGR during the forecast period.The automatic identification and data capture market has been segmented on the basis of offering, product, and industry vertical. The market based on offering issegmented into hardware, software, and services.
In 2019, thebarcode productssegmentaccounted for a substantial share in the global automatic identification and data capture market. The market based on industry vertical is segmented into BFSI, retail & e-commerce, manufacturing, healthcare, government, transportation & logistics, and others. The retail &e-commercesegment represented the largest share of the overall automatic identification and data capture market in 2019.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.
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