Automatic Identification and Data Capture market is going to reach at USD 145.323 billion by 2032, with Top KeMarket Bigy Players -Datalogic, Honeywell, Zebra Technologies, Sick, Cognex, Toshiba, NEC, NXP, Synaptics, Sato, Avery Dennison, Epson, NCR, Casi

The overall AIDC market is expected to grow from USD 45.67 billion in 2021 to USD 145.323 billion by 2032; it is expected to grow at a CAGR of 9.76% during 2021-2032. Key factors fueling the growth of this market include growing e-commerce industry globally; increasing use of smartphones for QR code scanning and image recognition; rising adoption of AIDC solutions due to their ability to minimize queuing and transaction time and provide greater convenience to users in making small-value payments; and surging adoption of AIDC solutions by banking and financial institutions to ensure customer safety and security, along with data privacy. Recession is going to hit soon badly, know your market well.

Latest launched research on Global Automatic Identification and Data Capture Market, it provides detailed analysis with presentable graphs, charts and tables. This report covers an in depth study of the Automatic Identification and Data Capture Market size, growth, and share, trends, consumption, segments, application and Forecast 2030. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Automatic Identification and Data Capture Market. This report has been prepared by experienced and knowledgeable market analysts and researchers. Each section of the research study is specially prepared to explore key aspects of the global Automatic Identification and Data Capture Market. Buyers of the report will have access to accurate PESTLE, SWOT and other types of analysis on the global Automatic Identification and Data Capture market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

Major Key players profiled in the report include:
Datalogic, Honeywell, Zebra Technologies, Sick, Cognex, Toshiba, NEC, NXP, Synaptics, Sato, Avery Dennison, Epson, NCR, Casio, Denso Wave, M3 Mobile, Cipherlab, Impinj, B.O.S. Better Online Solutions, Bluebird

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Opportunity: Imposing governments regulations for adoption of AIDC solutions
Government institutions across the world adopt automatic identification and data capturing technologies, such as biometrics and smart cards, for identification and verification applications. The US is the pioneer in adopting biometric solutions. According to a report submitted by the US Government Accountability Office (GAO), the Department of Homeland Security expenditure exceeded USD 13 billion in 2015. The governments of technologically advancing nations, such as India and China, are committed to improving the quality of services in public safety and healthcare sectors. The Government of India has introduced unique identification cards (Aadhaar) in which biometrics technology is used to provide a unique identification number to every citizen, which has created a massive opportunity for biometric technology in India. In January 2018, the Government of India also added face authentication technology, along with iris and fingerprint authentication technologies in Aadhaar.

Challenge: Malware attacks and security breaches
Security issues such as malware attacks or data duplication are among a few of the major challenges faced by the automatic identification and data capture products, ultimately creating challenges for the players in this market. These security lapses undermine the objective of the implementation of automatic identification and data capture technologies, particularly biometrics, whose sole purpose is to offer enhanced and an extra layer of security. A biometric system consists of image capture and processing devices, communication channels, and databases, which are subject to a wide spectrum of replay attempts and other forms of adversary attacks. The biometric sample captured in the access control application can be intercepted and misused to enable illegitimate authentication.

Hardware component held the largest market share of AIDC market in 2019
The hardware component is expected to account for the largest share of the AIDC market by 2025. The high requirement for hardware components in several automatic identification and data capture products such as barcoding solutions, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID tags, printers and readers, tablets, wearables, VR devices, heads-up display devices, Google Glass, and biometric systems, has contributed to the largest size of the hardware segment.

Market split by Type, can be divided into:
Barcodes, Magnetic Stripe Cards, Smart Cards, Optical Character Recognition (OCR) Systems, RFID Products, Biometric Systems.

Market split by Application, can be divided into:
Manufacturing, Retail, Transportation& Logistics, Banking & Finance, Healthcare, Government

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The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Automatic Identification and Data Capture market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Automatic Identification and Data Capture industry to help players plan effective expansion strategies.

Regions Covered in the Global Automatic Identification and Data Capture Market:
• North America (U.S., Canada)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, India, Japan, Singapore, Malaysia)
• Latin America (Brazil, Mexico)
• Middle East & Africa (Kuwait, Saudi Arabia Egypt)

Years Considered to Estimate the Market Size:
History Year: 2019-2020
Base Year: 2021
Estimated Year: 2022
Forecast Year: 2022-2030

What market dynamics does this report cover?
The report shares key insights on:

Current market size
Market forecast
Market opportunities
Key drivers and restraints
Regulatory scenario
Industry trend
New product approvals/launch
Promotion and marketing initiatives
Pricing analysis
Competitive landscape
It helps companies make strategic decisions

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Regional Insights
North America dominated the market in 2021, accounting for nearly 40.0% share of the global revenue. This high share can be attributed to the increasing awareness and high adoption of AIDC devices and increased government legislative and investment, particularly in retail, healthcare, and manufacturing industries. Furthermore, the widespread acceptance of advanced technology and the technological development of numerous industries are driving the growth of the regional market.

For instance, in August 2022, OmniQ Inc., an IT firm that offers AI-based computer vision solutions, was awarded an extra USD 1 in a project for a supply chain of fortune 100 retailers with over 2300 locations in North America. The purchase order is for full technical assistance for the new technology deployed in the region's giant logistic facilities. This will speed up the deployment process by assuring precise configuration, robust reporting, and a concierge enterprise support team dedicated to the customer.

Key Companies & Market Share Insights
Prominent firms have used product launches and developments, followed by expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their primary business strategy to increase their market share. The companies have used various techniques to enhance market penetration and boost their position in the automatic identification and data capture industry.

For instance, in August 2022, Peak Technologies and Supply Chain Services LLC. agreed to integrate their businesses in a comprehensive merger agreement. The combined business will do business as Peak Technologies. In the enormous, fragmented, and competitive AIDC sector, the new company seeks to establish itself as a full-service solution provider. The newly consolidated firm is ideally positioned to provide a comprehensive array of products to existing and new customers in North America and Europe. Some prominent players in the global automatic identification and data capture market include:

Zebra Technologies Corp.

Datalogic S.p.A.

Bluebird Inc

B.O.S. Better Online Solutions LTD.

Honeywell International Inc

NEC Corporation

Cognex Corporation

Toshiba Corporation

Panasonic Holdings Corporation

Thales

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