Automatic Identification and Data Capture (AIDC) Market Size 2023-2028, Industry Trends and Latest Insights

IMARC Group has recently released a new research study titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.


Market Overview:

The global automatic identification and data capture (AIDC) market size reached US$ 49.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 106.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028. Automatic Identification and Data Capture (AIDC) refers to a technology-based system that enables the automatic identification and collection of data from various objects or entities using specialized devices and software. It typically includes barcode scanners, radio frequency identification (RFID) readers, biometric devices, and mobile computers. These devices work with software applications to capture, process, and transmit data in real time, enhancing efficiency and accuracy in data collection and management.

It is widely employed in industries such as retail, healthcare, logistics, manufacturing, and transportation, where the ability to capture and analyze data plays a crucial role in operations, inventory management, supply chain optimization, and customer service. By automating data capture processes, AIDC technology streamlines workflows minimize human error, improves productivity, and enables organizations to make informed business decisions based on accurate and up-to-date information.

Request for a Free Sample Copy of this Report: 
https://www.imarcgroup.com/automatic-identification-data-capture-market/requestsample

What are the growth prospects and trends in the global AIDC industry?

The increasing need for efficient and reliable data capture and management solutions represents the primary factor driving market growth. Moreover, AIDC systems enable businesses to collect data quickly and accurately, eliminating manual data entry and associated errors and enabling real-time visibility into operations. In line with this, the rising automation of data capture processes by companies to improve operational efficiency, reduce costs, and gain a competitive edge is positively influencing market growth.

Additionally, numerous advancements in mobile computing and wireless communication technologies have catalyzed market growth. Besides this, the rapid proliferation of smartphones, tablets, and wearable devices equipped with barcode scanners and RFID readers has accelerated the product adoption rate. Furthermore, the surging adoption of AIDC solutions in logistics and manufacturing industries due to rising emphasis on supply chain visibility and traceability is contributing to the market growth.

Competitive Landscape With Key Players:

The competitive landscape of the automatic identification and data capture (AIDC) market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:                                    

  • 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.
  • Zebra Technologies Corporation

Key Market Segmentation:

The report has segmented the global automatic identification and data capture (AIDC) market based on offering, product type, vertical and region.

Offering Insights:

  • Hardware
  • Software
  • Services

Product Type Insights:

  • Barcode Scanners
  • Magnetic Stripe Cards
  • Smart Cards
  • Optical Character Recognition (OCR) Systems
  • RFID Products
  • Biometric Systems

Vertical Insights:

  • Manufacturing
  • Retail
  • Transportation and Logistics
  • Banking and Finance
  • Healthcare
  • Government
  • Others

Regional Insights:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2352&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/

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