Automatic Identification and Data Capture (AIDC) Market Size, Share, Trends and Global Industry Report 2023-2028

IMARC Group has recently released a new research study titled "Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The global automatic identification and data capture (AIDC) market size reached US$ 49.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 106.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028.

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Automatic Identification and Data Capture (AIDC) Market Trends:

The growing need for supply chain management in various industries is augmenting the adoption of barcodes, RFID tags, and QR codes to provide real-time tracking and tracing, which is primarily driving the automatic identification and data capture (AIDC) market. Moreover, the implementation of stringent regulations by government bodies for food safety and tracking and tracing pharmaceuticals is further bolstering the market growth. Besides this, the widespread adoption of AIDC for accurately capturing of data and improved operational efficiency is acting as another significant growth-inducing factor. Additionally, the inflating digitalization and the emerging trend of automation are also catalyzing the market growth. Apart from this, the development of advanced technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), to process, manage, store, and share information without human intervention is expected to fuel the automatic identification and data capture (AIDC) market in the coming years.

Automatic Identification and Data Capture (AIDC) Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the automatic identification and data capture (AIDC) market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Alien Technology LLC
• Cognex Corporation
• Datalogic S.p.A. (Hydra SpA)
• Epson America Inc. (Seiko Epson Corporation)
• Godex International Co Ltd.
• Honeywell International Inc.
• NEC Corporation
• NXP Semiconductors N.V.
• Sato Holdings Corporation
• Sick AG
• Synaptics Incorporated
• Toshiba TEC Corporation
• TSC Auto ID Technology Co. Ltd.
• Zebra Technologies Corporation

Key Market Segmentation:

The report has segmented the global automatic identification and data capture (AIDC) market based on offering, product type, vertical and region.

Offering Insights:

• Hardware
• Software
• Services

Product Type Insights:

• Barcode Scanners
• Magnetic Stripe Cards
• Smart Cards
• Optical Character Recognition (OCR) Systems
• RFID Products
• Biometric Systems

Vertical Insights:

• Manufacturing
• Retail
• Transportation and Logistics
• Banking and Finance
• Healthcare
• Government
• Others

Regional Insights:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2352&flag=C

Industry Definition and Application:

Automatic identification and data capture (AIDC) represents the process of automatically collecting and identifying data regarding individuals, objects, and transactions by using radio frequency identification (RFID), biometrics, barcodes, optical character recognition (OCR), magnetic stripes, etc. It usually comprises several hardware and software products and services, including scanners, mobile computers, printers, software solutions, consulting services, etc. AIDC also enables real-time data capture and analysis, which assists companies in responding to changing consumer needs and improving customer satisfaction and loyalty and allows businesses to make informed decisions. It facilitates enhanced visibility and traceability of transactions, products, and assets throughout the supply chain and reduces waste and shrinkage, helps in inventory management, ensures compliance with regulatory requirements, etc. In line with this, AIDC technologies, such as smart cards and biometric authentication, prevent fraud by ensuring that only authorized personnel have access to sensitive data and systems and enhance security.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.