Automatic Identification Data Capture Market is expected to rise at a considerable CAGR during the forecast period from 2021 to 2027. The key factors contributing to the growth of the automatic identification data capture market includes the increasing usage of smartphones, the growing e-commerce industry, and the growing adoption of AIDC solutions by various industries. Automatic Identification and Data Capture (AIDC) refers to a technology that acquires, records, and converts data into digital files. These digital files can consist of images, audio, and other digital data that can be entered directly into a computer without human intervention. Commonly used AIDC tools include barcode scanners, magnetic strips, smart cards, optical character recognition (OCR), fingerprint scanners (biometric systems), and radio frequency identification (RFID) systems. These tools perform activities such as data encoding, machine scanning, and data decoding, and are used for asset and inventory management, security, and workflow management.
After the COVID-19 pandemic, an increase in the expenditure on healthcare by governments around the world will drive the market during the forecast period. The high installation cost of implementing AIDC solutions might act as a restraining factor for the growth of the market during the forecast period. Some of the key players in Automatic Identification Data Capture Market are 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. and Zebra Technologies Corporation.
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A full report of Global Automatic Identification Data Capture Market is available at: https://www.orionmarketreports.com/automatic-identification-and-data-capture-market/59384/
The following Segmentation are covered in this report:
By Product
- Smart cards
- RFID systems
- Barcoding solutions
- Biometric systems
- Magnetic stripe cards
- Optical character recognition (OCR) systems
- Voice-directed WMS
- Heads-up displays
- Wearables
- VR solutions
- Google Glass
By Offering
- Hardware
- Software
- Services
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automatic Identification Data Capture Market.
- The market share of the global Automatic Identification Data Capture Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automatic Identification Data Capture Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automatic Identification Data Capture Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
