The automatic identification and data capture global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automatic Identification And Data Capture Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automatic identification and data capture market size has grown rapidly in recent years. It will grow from $58.88 billion in 2023 to $67.38 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to manufacturing process automation, retail industry transformation, healthcare patient safety, advancements in mobile computing, increased focus on data accuracy, asset tracking and management, cost reduction in data entry.
The automatic identification and data capture market size is expected to see rapid growth in the next few years. It will grow to $119.33 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to rapid growth of online retail, globalization and cross-border trade, smart cities and public services, growing adoption of voice recognition, industry 4.0 and smart manufacturing, healthcare patient data management. Major trends in the forecast period include rfid technology, mobile aidc solutions, advancements in ocr technology, blockchain for data security, contactless and hands-free solutions, cross-industry collaboration, iot integration.
Order your report now for swift delivery @
Scope Of Automatic Identification And Data Capture Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automatic Identification And Data Capture Market Overview
Market Drivers –
The rise in the utilization of smartphones for image recognition is expected to propel the growth of the automatic identification and data capture market. Smartphones are equipped with technologies that identify anything valuable to customers and businesses, including people, buildings, locations, logos, and other items. The utilization of smartphones for image recognition can enhance automatic identification for improved data security and data collection and analysis. For instance, according to a report published by The GSM Association, a UK-based trade association that advocates for mobile network operators globally, mobile service subscribers rose to 5.5 billion in 2022. That percentage is anticipated to reach 70% by 2025. Thus, the rise in the utilization of smartphones for image recognition will drive the automatic identification and data capture market.
Market Trends –
The partnership is a key trend in the automatic identification and data capture market. Major players in the market are entering into a partnership to leverage each other’s resources and expand in new markets. For instance, in May 2022, CipherLab, a US-based manufacturer of Automatic Identification and Data Capture/Collection products and systems, partnered with SATO. Through this partnership, CipherLab will leverage the integrated picking and checking system solutions that will help boost logistical performance and improve warehouse and product management efficiency. SATO is a US-based company providing integrated labelling and auto-identification solutions. Moreover, in December 2021, Intek and Minerva, SencorpWhite businesses, a US-based manufacturing company, partnered with CipherLab. Through this partnership, each organisation can provide warehouse and manufacturing companies with a broader range of software and mobile solutions. CipherLab is a US-based manufacturer of Automatic Identification and Data Capture/Collection products and systems.
The automatic identification and data capture market covered in this report is segmented –
1) By Offering: Hardware, Solutions, Services
2) By Product: Scanner And Readers, Biometric Scanners, Printer And Recorders, Other Products:
3) By Technology: Biometrics, Radio Frequency Identification (RFID), Smart Cards, Optical Character Recognition (OCR), Other Technologies
4) By Industry Vertical: BFSI, Manufacturing, Retail, Transportation And Logistics, Hospitality, Healthcare, Government, Other Industries
Get an inside scoop of the automatic identification and data capture market, Request now for Sample Report @
Regional Insights –
Asia-Pacific was the largest region in the automatic identification and data capture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global automatic identification and data capture market share during the forecast period. The regions covered in the automatic identification and data capture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automatic identification and data capture market report are Honeywell International Inc., Zebra Technologies Corporation, Datalogic SpA, Cognex Corporation, Sick AG, Panasonic Holdings Corporation, TSC Auto ID Technology Co. Ltd., Alien Technology Corporation, Bluebird Inc., CardLogix Corporation, Impinj Inc., Opticon Sensors Europe BV, Avery Dennison Corporation, Newland EMEA, Seagull Scientific Inc., Brady Corporation, Axicon Auto ID Limited, OMRON Corporation, Unitech Electronics Co. Ltd., NXP Semiconductors N.V., Synaptics Incorporated, Thales Group, Toshiba Corporation, NEC Corporation, B.O.S. Better Online Solutions LTD., Barco NV, Casio Computer Co.Ltd., CipherLab Co.Ltd., Denso Wave Incorporated, Epson America Inc., Fujitsu Limited
1. Executive Summary
2. Automatic Identification And Data Capture Market Report Structure
3. Automatic Identification And Data Capture Market Trends And Strategies
4. Automatic Identification And Data Capture Market – Macro Economic Scenario
5. Automatic Identification And Data Capture Market Size And Growth
…..
27. Automatic Identification And Data Capture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
Twitter: https://twitter.com/tbrc_info
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
