Automatic Data Capture Market Revenue to Cross US$ 22.02 Bn by 2025: The Insight Partners

The Insight Partners Latest market study on "Global ADC Market to 2025 by Technology (OCR, BCR, RFID and Others), and Components (Hardware, Software and Services); End-users (Manufacturing, Retail, Transportation & Logistics, Education & IT, Healthcare, and Others) -Global Analysis and Forecast?, The Global ADC market accounted for US$ 13.84 Bn in 2017 and is expected to grow at a CAGR of 6.0% over the forecast period 2018-2025, to account for US$ 22.02 Bn in 2025. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

In today's world, data generated or processed for various purposes is exploding and manual entries of such huge amounts of data into the computer system could prove time inefficient and ineffective with too many human errors. Rather an intelligent tool, that can on its own capture the required data from the product and store it in the computer in the digital form would prove faster, error-free and time-efficient for the end-user majorly in document processing applications. Thus, this need act as driving factor for the growth of ADC market.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative
https://www.theinsightpartners.com/sample/TIPTE100000973/?utm_source=OpenPR&utm_medium=10591

Automatic Data Capture market operates in a highly-fragmented and competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Merger & acquisition is one of the noteworthy market trend to grow and survive in this market, with some of the major companies became leader in this market by pursuing an acquisition strategy. Some of the major such merger and acquisition in past few years is Zebra Technologies acquisition of the Enterprise business of Motorola Solutions. Also, TSC AutoID Technology in 2015 acquired the thermal printing business of Printronix, a thermal label printer provider. Various companies in the value chain are acquiring other players in the market to maintain their position in market and to increase their distribution channel in untapped industry and region.

A significant reduction in time and improvement in accuracy as compared to manual entry can be achieved with the implementation automatic data capture technology. ADC replacement to manual processes has shown incredible benefits in improving process time and increasing inventory accuracy and further cat as initial step towards mobilizing the supply chain. Also, the growing trend of consumer centric product design, and its adoption, is pushing the mobile and handheld devices over bulky, expensive and fixed devices. Advances in mobile devices allow software-based scanners to meet, and many a times surpass, the performance of dedicated devices. The automatic data capture market is further flourishing due to the growing digitalization and e-commerce. Introduction of IoT and Industry 4.0 in this industry is expected to create new opportunities for the global automatic data capture market during the forecasted period.

Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well -
https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000973/?utm_source=OpenPR&utm_medium=10591

Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Automatic Data Capture Market' provides the analysis on impact on Covid-19 on business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

The global ADC market for the end-user is fragmented into manufacturing, retail, transport & logistics, education & IT, healthcare, and other application segments. The segmentation is based upon the adoption of ADC technology by different end-user industries for better operational efficiency. The retail sector is expected to dominate the market for ADC. For the efficient operation of the retail industry, a proper balance between the demand and supply is necessary. Cost of holding inventory, life cycle of the product, consumer behavior factors can be properly analyzed and evaluated to be implemented into operations and reap the benefits in the form of cost savings. The data capture at each and every node of operation in the retail sector enables these end-users to have a complete visibility of the product being processed through various stages, streamline workflows in different areas. Consequently, retailers achieve success in providing seamless in-store customer service to their customers, efficient self-service option for the customers, error-free inventory management and easier application of analytics.

Automation is at its peak in developed as well as developing nations, as various industries in the countries are investing substantially into varied automation technologies in order to attain process optimization. Adoption of automated data capture in the country has showcased noteworthy adoption since past few years. For instance, the Clermont - Ferrand University Hospital improvised its care by streamlining of data collection. The hospital had implemented intelligent data capture system that could collect vital data of patients and medicines and convert it into a standardized format. Some of the chief players operating in the Global ADC market includes Bluebird, Inc., CIPHERLAB Co., Ltd., Denso Wave Inc., Eutronix S.A., Ingram Micro Inc. (HNA Group), SATO Holdings Corporation, ScanSource, Inc., SICK AG, TSC Auto ID Technology Co., Ltd., Zebra Technologies Corporation, Cognex Corporation, Datalogic S.p.A, Toshiba International Corporation, Honeywell International Inc. and Microscan Systems, Inc. (Omron Corporation) among others.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods
https://www.theinsightpartners.com/buy/TIPTE100000973/?utm_source=OpenPR&utm_medium=10591

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

This release was published on openPR.