At 12.3% CAGR, Automatic Identification and Data Capture Market Size & Share, Latest Technology Advancements, Future Growth and Business Strategy Till 2025 | COVID-19 Impact Analysis | BMRC

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At 12.3% CAGR, Automatic Identification and Data Capture Market Size & Share, Latest Technology Advancements, Future Growth and Business Strategy Till 2025 | COVID-19 Impact Analysis | BMRC

June 10
15:16 2020
At 12.3% CAGR, Automatic Identification and Data Capture Market Size & Share, Latest Technology Advancements, Future Growth and Business Strategy Till 2025 | COVID-19 Impact Analysis | BMRC

Automatic Identification and Data Capture Market
According to report publish a new market research report on the “Automatic Identification and Data Capture Market: Global Size, Trends, Competitive, Historical and Forecast Analysis, 2020-2025”

The latest research report on Automatic Identification and Data Capture Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.

Global Automatic Identification and Data Capture Market is valued at USD 35.70 Billion in 2018 and expected to reach USD 80.42 Billion by 2025 with the CAGR of 12.3% over the forecast period.

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Automatic identification and data capture (AIDC) refers to the methods of automatically identifying objects, collecting data and entering them directly into computer systems, without human involvement.It is a broad category of technologies used to collect information from an individual, object, image or sound without manual data entry.  AIDC systems are used to manage inventory, delivery, assets, security and documents. It is a useful tool because of its ability to facilitate identification of objects, and to track moving objects. It has therefore proved useful in a wide range of industries. This type of automated wireless AIDC system is very effective in factory environments where barcode labels cannot be used or would not survive.Advantages of Automatic Identification and Data Capture are improved clarity and efficiency, faster turnaround, reduces paperwork, costs, and frustration, reduced errors, automated data capture will save money.

Global automatic identification and data capture market report is segmented on the basis of type, application and regional& country level. Based upon typeautomatic identification and data capture market is classified as magnetic stripe cards, optical character recognition (OCR) systems, barcodes, biometric systems, smart cards and radio-frequency identification (RFID) products. Based upon applicationautomatic identification and data capture market is classified intobanking and finance, government, healthcare, retail, transportation and logistics, manufacturing and other.

The regions covered in this Global Automatic Identification and Data Capturemarket report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market ofAutomatic Identification and Data Captureis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for Global Automatic Identification and Data CaptureMarket Reports–

Global Automatic Identification and Data CapturemarketReport covers prominent players are like Impinj, Cipherlab, B.O.S. Better Online Solutions, NCR, Zebra Technologies Corporation, M3 Mobile, Denso Wave, Unitech Electronics Co. Ltd, Avery Dennison, Epson, Honeywell International Inc, Code Corporation, Casio, Newland Europe B.V, Bluebird Inc and others.

News:- March 29, 2017

 

Presenting a New Level of Scanning Performance, Durability and Precision with CipherLab’s 2500 Series

CipherLab, a leading innovator in Automatic Identification and Data Capture (AIDC), passionately presents the 2500 series handheld scanner as a means to extend efficiency in applications such as receiving, point of sale, shipping, inventory checking and work in process. Built with superior scanning capabilities, the 2500 series handheld scanner also provides business-rugged durable designs. User productivity will simultaneously speed up with 2500 series’ ability to easily connect to a computer interface.

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The growth of the Automatic Identification and Data Capture Market is driven by factors such as increasing use of smartphones for QR code scanning and image recognition and the increasing awareness and high adoption of AIDC devices

The growth of the Automatic Identification and Data Capture Market is driven by factors such as increasing use of smartphones for QR code scanning and image recognition and the increasing awareness and high adoption of AIDC devices.Automatic identification and data capture (AIDC) techniques provide fast, easy and accurate data collection methods. AIDC methods in general do not require human involvement Interactive in order to capture data; these methods include technologies like barcodes, biometrics, RFID and others. Increase in awareness of QR Codes via payment transactions will allow consumers to interact with QR Codes for other purposes as well getting information, availing an offer, registering for an event, etc.According to Scanova, in 2017, about 1.7 Billion coupons were obtained via QR Codes. And in 2018, an estimated 3.27 Million households obtained a coupon via a QR Code.Several financial institutions are adopting automatic identification and data capture technologies such as biometrics and smart cards to provide an extra layer of security in day-to-day operations.These include biometric devices like fingerprint scanners, fingerprint readers, and iris scanners, magnetic stripe cards, and smart cards. For instance, a survey conducted by the Bureau of Financial Institutions found that 75 banks and credit unions’ losses due to data security breaches reached a total of over USD 2.1 million US.  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.Factors such as rising government regulations and growing opportunities from supply chain management and healthcare industries are expected to support the growth of players in the automatic identification & data capture market.

Asia pacific is dominating the Automatic Identification and Data CaptureMarket.

Asia pacific is dominating the automatic identification and data capture market, due to the rapid expansion of retail and logistics companies, along with the presence of several automatic identification and data capture players in the region. For Example, Japan-based NEC Corporation has set a revenue target of USD1bn across five years to tap opportunities in smart digital solutions space in the country. Europe is second largest region for the growth of Automatic Identification and Data Capture Market. In Europe rising acceptance of advanced technologies such as barcode, RFID, and biometrics together with increasing consumer demand for AIDC devices, increasing usage of smartphones and online shopping, and growing awareness for data security.In North America, The increasing adoption of biometric authentication devices particularly for international border crossing to enhance national security is expected to encourage the overall growth of the AIDC market during the forecast period.

Key Benefitsfor Global Automatic Identification and Data Capture market Reports –

Global market report covers in depth historical and forecast analysis.

Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global market report helps to identify opportunities in market place.

Global market report covers extensive analysis of emerging trends and competitive landscape.

Complete Report Details @ https://industrystatsreport.com/ICT-and-Media/Automatic-Identification-and-Data-Capture-Market-Size/Summary

GlobalAutomatic Identification and Data Capturemarket Segmentation –

By Types
Magnetic Stripe Cards
Optical Character Recognition (OCR) Systems
Barcodes
Biometric Systems
Smart Cards
Radio-frequency identification (RFID) Products

By Application
Banking and Finance
Government
Healthcare
Retail
Transportation and Logistics
Manufacturing
Other

ByRegional & Country Analysis (North America, U.S., Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)

Table of Content

1 Study Coverage
1.1 Automatic Identification and Data Capture Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Executive Summary
2.1 Global Automatic Identification and Data Capture Market Size
2.2 Automatic Identification and Data Capture Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Automatic Identification and Data Capture Markets & Products

3 Market Size by Manufacturers
3.1 Automatic Identification and Data Capture Production by Manufacturers
3.2 Automatic Identification and Data Capture Revenue by Manufacturers
3.3 Automatic Identification and Data Capture Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans

4 Automatic Identification and Data Capture Production by Regions
4.2 North America
4.3 Europe
4.4 China
4.5 Japan

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