Press release
Automatic Identification and Data Capture Market is Expected to Grow at a CAGR of 21.55% By 2029 With Key Players Like Datalogic S.p.A., NEC Corporation, Synaptics, Cognex Corporation
The market analysis and insights covered in the persuasive Automatic Identification and Data Capture market research report provides key statistics on the market status of global and regional manufacturers and is an important source of guidance which gives proper direction to the companies and individuals interested in the industry. Deadline driven generation of report, commitment for the quality and transparency in research method are few of the features with which Automatic Identification and Data Capture report can be referred confidently. Achieving maximum return on investment (ROI) is one of the most aspiring goals for any industry which can be achieved with the greatest market research report.
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The automatic identification and data capture market is expected to witness market growth at a rate of 21.55% in the forecast period of 2022 to 2029. Data Bridge Market Research report on automatic identification and data capture market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise manufacturing industry globally is escalating the growth of automatic identification and data capture market.
Automatic identification and data capture (AIDC) is defined as the technique used for obtaining, recording and converting data into a digital file. This digital file include images, audio and other digital data that can be directly administered into computer with no need of human intervention. Some of the commonly used AIDC tools are magnetic strips, optical character recognition (OCR), radio frequency identification (RFID) systems and smart cards, among others.
The rise in e-commerce industry across the globe acts as one of the major factors driving the growth of automatic identification and data capture market. The adoption of AIDC solutions owning to their ability for declining queuing and transaction time and offer greater convenience to users in making small-value payments accelerate the market growth. The adoption of AIDC solutions by banking and financial institutions in order to ensure customer safety and security, coupled with data privacy further influence the market. Additionally, huge amounts of data generated, rise in the adoption of Internet of things, rapid digitization, increase system availability and high use of smartphones for QR code scanning and image recognition positively affect the automatic identification and data capture market. Furthermore, focus of enterprises to implement new and improved supply chain management tools extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Global Automatic Identification and Data Capture Market: Competitive Analysis
This report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies. The competitive analysis helps the vendor to define an alignment or fit between their capabilities and opportunities for future growth prospects.
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Automatic Identification and Data Capture Market including Datalogic S.p.A., Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, Toshiba Corporation, NEC Corporation, NXP Semiconductors N.V., Synaptics, Sato Holdings Corporation, JADAK Tech, Axicon Auto ID Ltd., Microscan System, Inc., Unitech Electronics Co. Ltd., Opticon Sensors Europe B.V., IMPINJ Inc., Better Online Solutions, TSC Auto ID Technology Co., Ltd., Epson America Inc., Allien Technologies Corporation, and Avery Dennison Corporatio among others..
It becomes easy to achieve supreme level of insights and obtain knowhow of the best market opportunities into the specific markets with Automatic Identification and Data Capture market report. The report lists down the company profiles of major market players and brands which explore their actions about product launches, product enhancements, joint ventures, mergers and acquisitions with respect to effect on the sales, import, export, revenue and CAGR values. To acquire best quality market data and information specific to the niche and business requirements, this market report has a lot to offer.
For Complete Report Details, Visit @ https://www.databridgemarketresearch.com/reports/global-automatic-identification-and-data-capture-market
Global Automatic Identification and Data Capture Market Scope and Market Size
The automatic identification and data capture market is segmented on the basis of offering, product and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of offering, the automatic identification and data capture market is segmented into hardware, software and services.
On the basis of product, the automatic identification and data capture market is segmented into barcodes, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID products, and biometric systems. Barcodes are further segmented into barcode scanners and barcode printers. Smart cards are further segmented into contact smart cards and contactless smart cards. RFID products are further segmented into RFID scanners, RFID tags and RFID printers. Biometric systems are further segmented into face recognition systems, IRIS recognition system and voice recognition system.
On the basis of vertical, the automatic identification and data capture market is segmented into manufacturing, retail, transportation and logistics, banking and finance, healthcare, government and others. Manufacturing is further segmented into smartphone manufacturers, automotive and food and beverages. Retail is further segmented into warehouses, supermarkets and e-commerce companies. Transportation and logistics are further segmented into public transport, courier and postal services and freight forwarding.
Major Regions:
Geographically, this report split into several key regions, with sales (MT), Revenue (Million USD), market share, and growth rate for these regions, covering
**North America (United States, Canada and Mexico)
**Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
**Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
**South America (Brazil, Argentina, Colombia, and Rest of South America)
**Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Asia-Pacific dominates the automatic identification and data capture market due to the increased purchasing power of the middle-class people within the region. North America is expected to witness highest growth during the forecast period of 2022 to 2029 because of the wide acceptance of advanced technologies in the region.
Crucial Takeaways: Global Automatic Identification and Data Capture Market
Committed to offer real time data on ongoing market developments and trends, this detailed research report on global Automatic Identification and Data Capture market also entails a clear and detailed overview of the this market amidst the global pandemic and the various pandemic management operation designed and implemented by frontline and contributing players alike.
The report particularly zooms in to find the prominent market alterations affecting global Automatic Identification and Data Capture market in a multi-dimensional scheme encompassing production and consumption patterns, CAGR percentage, pricing alteration, besides lending significant awareness upon evident challenges, threats, development cycles.
The report includes detailed market overview inclusive of details in the historical and current timelines. The report scouts for noteworthy trends and profit generation trends in the past decades, followed by current status.
The multi-timeline Automatic Identification and Data Capture market analysis is in place to allow market players devise growth-oriented business strategies and tactical decisions, thus securing healthy growth trail and profit numbers in the foreseeable future.
Relevant details on prevalent market competition and rising intensity with inclusion of new market players also find ample mention in the report to evoke wise comprehension and appropriate growth related business strategies, favoring strong competitive edge. Details on technological innovation, and inputs on M&A developments, commercial agreements have all been touched upon in this illustrative research report on the Automatic Identification and Data Capture market.
Key Pointers Covered in Table of Content:
Chapter 1. Report Overview
Chapter 2. Global Growth Trends
Chapter 3. Market Share by Key Players
Chapter 4. Breakdown Data by Type and Application
Chapter 5. Market by End Users/Application
Chapter 6. COVID-19 Outbreak: Automatic Identification and Data Capture Industry Impact
Chapter 7. Opportunity Analysis in Covid-19 Crisis
Chapter 8. Market Driving Force
And Many More…
Get Complete Details with TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automatic-identification-and-data-capture-market
Global Automatic Identification and Data Capture Market: Key Highlights
CAGR of the market during the forecast period.
Detailed information on factors that will assist market growth.
Estimation of market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behaviour
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of market vendors
Customization of the Report:
Data Bridge Market Research also provides customization options to tailor the reports as per client requirements. This report can be personalized to cater to your research needs. Feel free to get in touch with our sales team, who will ensure that you get a report as per your needs.
Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
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