The Automatic Identification and Data Capture Market size was valued at USD 61.82 Billion in 2023 and is expected to grow to USD 156.37 Billion by 2031 and grow at a CAGR of 12.3% over the forecast period of 2024-2031.
The Automatic Identification and Data Capture (AIDC) market has seen remarkable growth spurred by the increasing need for efficiency and accuracy in various industries. One notable trend is the adoption of RFID (Radio Frequency Identification) technology, which offers real-time tracking and monitoring capabilities. This technology has found applications in supply chain management, retail, healthcare, and transportation sectors, enabling organizations to streamline operations, reduce errors, and enhance inventory management. Additionally, advancements in barcode technology, such as 2D barcodes and QR codes, have further expanded the scope of AIDC solutions, allowing for more data storage and faster scanning processes. With the ongoing digitization of businesses and the emergence of IoT (Internet of Things) technologies, the AIDC market is poised for continuous innovation and growth.
Moreover, the AIDC market is witnessing a shift towards cloud-based solutions, driven by the need for scalability, flexibility, and cost-effectiveness. Cloud-based AIDC systems offer businesses the advantage of centralized data storage, enabling seamless access to information across multiple locations and devices. This trend is particularly prevalent in industries like manufacturing, logistics, and retail, where real-time data visibility is crucial for decision-making and operational efficiency.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Automatic Identification And Data Capture industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Automatic Identification And Data Capture market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Toshiba Corporation, Cognex Corporation, Bluebird Inc., Honeywell International Inc., Datalogic S.p.A., NEC Corporation, Panasonic Holdings Corporation, Thales, Zebra Technologies Corp., B.O.S. Better Online Solutions LTD., NXP Semiconductors N.V., and others .
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Automatic Identification And Data Capture market.
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It has segmented the global Automatic Identification And Data Capture market
By Product
- Scanner & Reader
- Biometric Scanners
- Printer & Recorder
- Others
By Offering
- Hardware
- Solutions
- Services
By Technology
- Biometrics
- Radio Frequency Identification (RFID)
- Smart Cards
- Optical Character Recognition (OCR)
- Others
By Industry Vertical
- BFSI
- Manufacturing
- Retail
- Transportation & Logistics
- Hospitality
- Healthcare
- Government
- Others
Key Points Covered in the Report:
- A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Automatic Identification And Data Capture ' market report.
- The study offers a full business size Automatic Identification And Data Capture ' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Automatic Identification And Data Capture of market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Automatic Identification And Data Capture 'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Automatic Identification And Data Capture ' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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