Automatic Data Capture Market Size, Growth Value & Analysis 2025

The automatic data capture market was valued at US$ 13.84 billion in 2017 and is projected to reach US$ 22.02 billion by 2025; it is expected to grow at a CAGR of 6.0% during 2018-2025.

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.

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The List of Companies

1. Bluebird, Inc.
2. CIPHERLAB Co., Ltd.
3. Denso Wave Inc.
4. Eutronix S.A.
5. Ingram Micro Inc.(HNA Group)
6. SATO Holdings Corporation
7. ScanSource, Inc.
8. SICK AG
9. TSC Auto ID Technology Co., Ltd.
10. Zebra Technologies Corporation
11. Cognex Corporation
12. Datalogic S.p.A
13. Toshiba International Corporation
14. Honeywell International Inc.
15. Microscan Systems, Inc. (Omron Corporation)

Market Insights-Automatic Data Capture Market

Need For a Cost Effective and Error-Free Solution for Data Entry Purposes

In the era of automation, programmed machineries play a vital role in reducing cost and time taken to produce goods or to cater services. The users of applications are enabled to have more control over the sensitive data with features like 24/7 monitoring and security. The biggest advantage of deploying programmed tools such as Automatic Data Capture instruments for organizations is the reduction in the amount of human intervention required. Lesser human intervention leads to lesser errors by any system. The uniformity of results obtained when employed a programmed process gives better opportunity for an organization to achieve higher efficiency as compared to human interactions as such instances. In addition, handling organization data using a software service proves cheaper, efficient and secure than appointing personnel to maintain it. Increasing volume of data will lead to more complexities in storing, maintain and other data operations. These tools can thus be ideally the best technique to reduce complexity in data operation.

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 in effective 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 this market.

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The Global Automatic Data Capture Market has been segmented as Follows:

Automatic Data Capture Market - By Component

Hardware
Software
Services

Automatic Data Capture Market - By Technology

OCR
BCR
RFID
Others

Automatic Data Capture Market - By End Users

Manufacturing
Retail
Transportation & Logistics
Education & IT
Healthcare
Others

Automatic Data Capture Market - By Geography

North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Russia
Rest of Europe
Asia Pacific
China
India
Australia
South Korea
Japan
Rest of Asia Pacific
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.