Report Details
Automatic Identification And Data Capture (AIDC) Market- Global Opportunity Analysis And Industry Forecasts To 2022 Report ID: MROTH-10401
Publishing Date: Sep, 2017
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DESCRIPTION
Automatic Identification & Data Capture (AIDC) Market Size by Product Type (Barcode Printers, Barcode Verifiers, Barcode Scanners, RFID Devices, Magnetic Stripe Readers, Smart Card Readers, Biometrics, Optical Character Recognition, and Mobile Computers), by Vertical/Industry (Manufacturing, Retail, Transportation & Logistics, Banking & Financial, Healthcare, and Others) – Global Opportunity Analysis and Industry Forecasts To 2022 The rising need for faster and error free data collection, improving operating efficiency, and growing need to reduce data entry error related operating costs are the major factors that significantly impacted the development in AIDC market. Implementation of AIDC technology is helping various industries to keep electronic records by an accurate collection of data that has eliminated errors; and improved overall productivity & operation by keeping proper track of inventory, accounts, human resources, and overall operations of the organizations. Global Automatic Identification & Data Capture (AIDC) Market is expected to reach USD 71,749.4 million by 2022, at a CAGR of 11.0% during the forecast period of 2017 to 2022. Following a comprehensive research on Automatic Identification & Data Capture (AIDC) Market and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, trends, and opportunities, listed in the market dynamics segment. Growing need to eliminate manual data capture & entry errors, rising government legislative on the use of AIDC technology, technological advancements, growing e-commerce industry, and rising adoption of AIDC technology in healthcare sector are the key market drivers covered in the report which will support the industry growth in the forecast period. However, lack of awareness and high upfront investments associated with installation of certain AIDC products such as RFID and biometric systems are the major pain points, restraining the adoption of this technology. The report further gives an extensive outlook on the multifarious verticals/industries served by the AIDC products. These industries include retail, manufacturing, transportation & logistics, banking & financial, healthcare, and others. The verticals/industry segment further briefly talks about the trends impacting the growth of these markets and the benefits involved with the use AIDC products in these verticals to improve overall operational efficiency.
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