At 12.3% CAGR, Automatic Identification and Data Capture Market Size Set to Register 80.42 Billion USD by 2025

By Digvijay Chakravarty 30 Jun 2020 Business

In 2018, the Global Automatic Identification and Data Capture Market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

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.

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

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.

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Global automatic identification and data capture market report is segmented on the basis of type, application and regional& country level. Based upon type automatic 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 application automatic identification and data capture market is classified into banking and finance, government, healthcare, retail, transportation and logistics, manufacturing and other.

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

Automatic Identification and Data Capture Companies

like ImpinjCipherlabB.O.S. Better Online SolutionsNCRZebra Technologies CorporationM3 MobileDenso WaveUnitech Electronics Co. LtdAvery DennisonEpsonHoneywell International IncCode CorporationCasioNewland Europe B.VBluebird Incothers

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 Capture Market.

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 Benefits for 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.

Global Automatic Identification and Data Capture market 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

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Automatic Identification and Data Capture Market Size Growth Rate by Type (2014-2025)
1.4.2 Topical Products
1.4.3 Botulinum
1.4.4 Dermal Fillers
1.4.5 Chemical Peels
1.4.6 Microabrasion Equipment
1.4.7 Laser Surfacing Treatments
1.5 Market by Application
1.5.1 Global Automatic Identification and Data Capture Market Share by Application (2014-2025)
1.5.2 Hospitals
1.5.3 Dermatology Clinics
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Automatic Identification and Data Capture Market Size
2.2 Automatic Identification and Data Capture Growth Trends by Regions
2.2.1 Automatic Identification and Data Capture Market Size by Regions (2014-2025)
2.2.2 Automatic Identification and Data Capture Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Automatic Identification and Data Capture Market Size by Manufacturers
3.1.1 Global Automatic Identification and Data Capture Revenue by Manufacturers (2014-2019)
3.1.2 Global Automatic Identification and Data Capture Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Automatic Identification and Data Capture Market Concentration Ratio (CR5 and HHI)
3.2 Automatic Identification and Data Capture Key Players Head office and Area Served
3.3 Key Players Automatic Identification and Data Capture Product/Solution/Service
3.4 Date of Enter into Automatic Identification and Data Capture Market
3.5 Mergers & Acquisitions, Expansion Plans

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Digvijay Chakravarty

Digvijay Chakravarty presently develops content for a slew of portals, including businessstatsnews and Industry Stats Report. A post graduate in mathematics and business administration. As a content writer, he currently writes articles pertaining to the latest industry news, business trends, and market research.

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