Automatic Data Capture Market to 2025 - Global Analysis and Forecasts by Technology (OCR, BCR, RFID and Others)

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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Company Profiles

Bluebird, Inc.
CIPHERLAB Co., Ltd.
Cognex Corporation
Datalogic S.p.A, Toshiba International Corporation
Denso Wave Inc.
Eutronix S.A.
Honeywell International Inc.
Ingram Micro Inc. (HNA Group)
Microscan Systems, Inc. (Omron Corporation)
SATO Holdings Corporation
ScanSource, Inc.
SICK AG
TSC Auto ID Technology Co., Ltd.
Zebra Technologies Corporation

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.

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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

In March2018, TSC showcased printer models at LogiMAT.
In January 2018, SATO has entered into partnership with UNTUCKit to improve inventory management through RFID.
In January 2018, SATO has entered into partnership with UNTUCKit to improve inventory management through RFID.
In December 2017, TSC and Datalogic announce a global strategic alliance agreement.

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.