openPR Logo
Press release

Global AIDC Market Worth USD 71.74 Billion by 2022

09-22-2017 12:57 PM CET | IT, New Media & Software

Press release from: Meticulous Research

Automatic Identification & Data Capture Market

Automatic Identification & Data Capture Market

The global automatic identification and data capture market (AIDC market) will grow at a CAGR of 11% in the next five years to be valued at USD 71.74 billion in 2022, according to this latest publication from Meticulous Research™. The growth of this market is mainly driven by the exponential growth in the adoption of biometric systems in various industries across the globe. In addition, factors such as rising need to eliminate manual data capture & entry errors, increasing government legislatives on the use of AIDC technology, various technological advancements, and growing e-commerce industry are expected to further propel the growth of this market. However, lack of awareness and high upfront investments associated with the installation of certain AIDC products such as RFID and biometric systems are the major pain points, restraining the adoption of this technology.

The global AIDC market is mainly segmented by product (barcode printers, barcode verifiers, barcode scanners, RFID devices, magnetic stripe readers, smart card readers, biometric systems, Optical Character Recognition (OCR), and mobile computers), by vertical/industry (manufacturing, retail, transportation & logistics, banking & financial, healthcare, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Browse in-depth Report on http://www.meticulousresearch.com/product/automatic-identification-data-capture-aidc-market/

On the basis of product type, biometric systems segment dominated the global AIDC market and is also expected to continue its dominance during the forecast period, owing to their rising adoption by various industries such as banking & financial institutes, government agencies, healthcare facilities, offices, and travel & immigration sector to improve overall security; to keep track of staff, patients, and customers; and for identification of individuals.

On the basis of industry/vertical, retail industry commanded the largest share in the global AIDC market, owing to the higher adoption of automatic identification & data capture technologies such as barcode & RFID for billing, supply chain management, staff & asset tracking, and replenishment ordering in the retail value chain. Moreover, with the growing urbanization and rising demand for various consumer goods, the retail industry is experiencing significant growth in various countries across the globe, thereby increasing the adoption of AIDC technologies in this sector.

North-America accounted for the major share in the global AIDC market in 2016, followed by Europe, and Asia Pacific. The major share of the North American region is mainly attributed to the well-established industrial infrastructure in the region, higher adoption of advanced IT & automation technologies to ensure operational efficiency, favorable government regulations, and easy accessibility to advanced products due to the presence of key players in the region. However, Asian countries are slated to register the fastest growth during the forecast period, primarily due to rising need for automatic data capture technologies to reduce manual errors, continuous shift of manufacturing industry to emerging countries, significantly growing retail industry, and increasing transportation & logistics sector supporting growing manufacturing & retail industry.

The leading companies operating in AIDC market have employed various strategies to expand their product and application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global AIDC market were new product launches & product enhancements, partnerships & agreements, mergers & acquisitions, and expansions. The key players in the global AIDC market are Zebra Technologies Corporation, Honeywell International Inc., Datalogic S.p.A., Bluebird Inc., Godex International, Code Corporation, Toshiba Tech Corporation, SATO Worldwide, JADAK Tech, Axicon Auto ID Ltd., Microscan System, Inc., Unitech Electronics Co. Ltd., Opticon Sensors Europe B.V., Impinj Inc., Better Online SolutionsLtd., TSC Auto ID Technology Co., Ltd., Epson America Inc., Allien Technologies Corporation, Avery Dennison Corporation, Newland Europe B.V., and Seagull Scientific Inc.

Key questions answered in the report-

Which are the high growth market segments in terms of product type, vertical/industry, and regions/countries?
What is the historical market for AIDC across the globe?
What are the market forecasts and estimates for the period 2015-2022?
What are the major drivers, restrains, opportunities, and trends in the global AIDC market?
Who are the major players in the global AIDC market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global AIDC market?
What are the recent developments in the global AIDC market?
What are the different strategies adopted by the major players in the global AIDC market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global AIDC market and how do they compete with the global players?

About Meticulous Research™

Meticulous Research™ is one of the leading independent full service global market research and consulting companies focusing on medical devices, biotechnology, healthcare IT, pharmaceuticals, food and beverages, and agriculture domains. Meticulous Research produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and Middle East and Africa regions.

Address:

Office No-402, 4th Floor, Pushpak Business Hub,
Wakad,
Pune-411057
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global AIDC Market Worth USD 71.74 Billion by 2022 here

News-ID: 734042 • Views:

More Releases from Meticulous Research

The Cloud Managed Services Market is projected to reach $247.5 billion by 2030
The Cloud Managed Services Market is projected to reach $247.5 billion by 2030, growing at a robust CAGR of 14.2% from 2023 to 2030. This growth is fueled by advancements in cloud technologies, increasing demand in sectors like BFSI and healthcare, and a rising focus on customized and managed cloud services. However, challenges such as high costs, security risks, compliance issues, and limited flexibility may impact market growth. Download free
Language Learning Market Projected to Reach $124.6 Billion by 2031
Meticulous Research® recently published a report titled, "Language Learning Market by Age Group (40 years), Language (English, Mandarin, Spanish, French, German, Italian, Japanese), End User (B2C, B2B), and Geography - Global Forecast to 2031." Download sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5561 According to the report, the language learning market is anticipated to reach $124.6 billion by 2031, growing at a CAGR of 10.7% from 2024 to 2031. Key factors fueling this growth
Oncology Information Systems Market to be Worth $4.45 Billion by 2030: Analytica …
Introduction: Meticulous Research® recently released a comprehensive report titled "Oncology Information Systems Market By Offering (Software, Services) Application (Medical, Surgical, Radiology Oncology) End User (Hospital, Diagnostic Imaging Center, Cancer Care Center) - Global Forecast to 2030." The report reveals that the oncology information systems (OIS) market is projected to reach approximately $4.45 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.4% from 2024. This growth is
IoT Sensors Market to be Worth $56.8 Billion by 2030
IoT Sensors Market to be Worth $56.8 Billion by 2030
Meticulous Research®-a leading global market research company, published a research report titled, 'IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography - Global Forecast to 2030.' According to this latest publication from Meticulous Research®, in terms of value, the IoT sensors market is projected to reach $56.8 billion by 2030, at a CAGR of

All 5 Releases


More Releases for AIDC

Automatic Identification and Data Capture (AIDC) Market Size Share | Report 2033
IMARC Group, a leading market research company, has recently released a report titled "Automatic Identification and Data Capture (AIDC) Market Report by Offering (Hardware, Software, Services), Product Type (Barcode Scanners, Magnetic Stripe Cards, Smart Cards, Optical Character Recognition (OCR) Systems, RFID Products, Biometric Systems), Vertical (Manufacturing, Retail, Transportation and Logistics, Banking and Finance, Healthcare, Government, and Others), and Region 2025-2033". The study provides a detailed analysis of the industry, including
Healthcare AIDC Market - Global Forecast to 2028
Meticulous Research® - a leading global market research company published a research report titled "Healthcare AIDC Market by Product (Scanner, Biometric, Printer), Technology (RFID, Barcode, Biometrics, Smart Cards, OCR), Application (Patient, Asset, Inventory, Facility, Medication, Specimen Management), and Region - Global Forecast to 2028." According to this latest publication from Meticulous Research®, the Healthcare AIDC Market is expected to grow at a CAGR of 22.5% from 2021 to 2028 to reach
AIDC Market Size, Industry Share, Forecast 2026
Latest Updated Report 2023, The Global AIDC Market to Growing A CAGR of % during forecast period of 2023-2026. The Market is segmented by Global AIDC Market Breakdown by Application (Retail, Manufacturing, Transport & logistics, Banking and Financial, Healthcare) by Type (Barcode, RFID, Biometric, Smart Card, Magnetic Strip) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The AIDC Market 2023 Report makes available the current and forthcoming technical
Healthcare Automatic Identification & Data Capture (AIDC) Market 2022 | Detailed …
The research reports on "Healthcare Automatic Identification & Data Capture (AIDC) Market" report gives detailed overview of factors that affect global business scope. Healthcare Automatic Identification & Data Capture (AIDC) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research
Laser Profiler Market Company Insights & SWOT Analysis by 2027 | SPX, HanSense A …
Laser Profiler market report always keeps a goal to provide thorough understanding of the entire market. In order to secure the funds of the industries, it aims at providing some independent facts. It further goes on delivering data about market share, market tactics, growth factors and COVID-19 pandemic effects on both small scale and large-scale business sectors. Key success factors, key success details, distribution channels and industry pricing structure are
Global Healthcare AIDC Market Trends | Segmentation, Outlook, Industry Report to …
The global healthcare automatic identification and data capture (AIDC) market is anticipated to grow significantly at a CAGR of nearly 15.8% during the forecast period (2021-2027). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies, including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance,in March 2021, Cognex Corp.