Automatic Identification and Data Capture (aidc) PPT: Keyplayer Analysis and Opportunity 2021-26

Automatic Identification and Data Capture (aidc) Market Research and Upcoming Forecast Report © 2019 IMARC All Rights Reserved

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Report Description and Highlights Report Description Automatic Identification and Data Capture (aidc) Market Outlook 2026:

According to the latest report by IMARC Group, titled "Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global automatic identification and data capture market size reached US$ 36.43 Billion in 2020.

Automatic identification and data capture (AIDC) are technological solutions that assist in collecting information related to an object, image or data. The technique is used to identify, verify, record, communicate and store information that is logged directly on computer systems in the form of data sets without any human intervention.

It is widely utilized to manage documents, assets, inventory security and delivery processes across various industries in an efficient manner. Some of the most commonly used technologies include barcodes, radio frequency identification (RFID) tags and readers, voice recognition and handheld and fixed-position scanners and imagers. They are widely utilized across the retail, manufacturing, transportation and government sectors for workflow and asset and inventory management.

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Global Automatic Identification and Data Capture (AIDC) Market Trends:

The market is primarily driven by the significant growth in the e-commerce sector across the globe. AIDC solutions are widely deployed in the sector to detect a vast array of identification structure, including barcodes, 2D barcodes, magnetic stripes and smart cards.

Supported by the inflating disposable income levels and the evolving purchasing patterns of the masses, this is providing a thrust to the market growth. Along with this, there has been a growing requirement for advanced AIDC systems for data security across financial institutions.

These organizations are now adopting biometrics and smart card solutions to safeguard the overall transaction procedure and offer an additional layer of protection for sensitive data, which is creating a positive outlook for the market. The market is further driven by the increasing adoption of AIDC in the healthcare sector. These solutions are extensively utilized for non-clinical applications, such as medical staff and asset tracking and supply chain management of numerous healthcare products.

They are also deployed in the sector for capturing data accurately, improving information visibility and facilitating enhanced operational efficiency.

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Report Description

Moreover, continual technological advancements, including the development of efficient Optical Character Recognition (OCR) and RFID systems, are acting as another major growth-inducing factor. This is further being supported by the implementation of numerous favorable government initiatives that promote the adoption of AIDC solutions across the globe.

On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 12.36% during 2021-2026.

Report Description and Highlights

Report Description Key Market Segmentation: Breakup by Offering: •Hardware •Software •Services

Breakup by Product Type:

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

Report Description and Highlights

Report Description Breakup by Vertical:

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

Breakup by Region:

•North America •Asia Pacific •Europe •Latin America •Middle East and Africa Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc

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Report Description Competitive Landscape:

•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.

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Report Description and Highlights

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