Automatic identification and data capture Market size worth $ 62.0 billion, globally, by 2028 at 12.4% CAGR: Verified Market Research®

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JERSEY CITY, NJ, November 18, 2021 / PRNewswire / – Verified Market Research recently published a report, “Automatic Identification and Data Capture Market“By offerings (hardware, software and services), by product (barcodes, magnetic stripe cards, smart cards), by end user (logistics, healthcare, BFSI, manufacturing) and by geography. According to a study by verified market, the Global Automatic Identification and Data Capture market size has been estimated to be $ 40.1 billion in 2020 and should reach $ 62.0 billion by 2028, with a CAGR of 12.4% from 2021 to 2028.

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Browse the table of contents in depth toAutomatic Identification and Data Capture Market

202 – Pages
126 – Tables
37 – Figures

Global Auto Identification and Data Capture Market Overview

In the report, the market outlook section mainly encompasses the fundamental market dynamics which includes the drivers, restraints, opportunities, and challenges facing the industry. Drivers and restraints are intrinsic factors while opportunities and challenges are extrinsic factors in the market. The adoption of automatic identification and data capture technologies has been spurred by favorable government legislation on the use of AIDC technology to overcome the challenges of increasing data entry errors and medication, as well. than increased operating costs.

These rules and regulations will help organizations improve information visibility, increase operational efficiency, reduce operating costs through accurate data capture, and increase customer satisfaction. For example, to manage data and prevent human error, the Japanese government has mandated the use of new barcode-compatible pharmaceuticals and medical devices. The market for automatic identification and data capture technologies is expected to grow in the coming years due to this trend.

AIDC technology is disrupting a wide range of industries including retail, manufacturing, transportation and logistics, hospitality, BFSI, and healthcare. Emerging smart technologies for a variety of applications in these industries facilitate the integration of barcodes, RFID and biometric authentication into smart solutions. The growing demand for AIDC devices encourages the major players in the automatic identification and data capture technology market to devote more resources to improving the technology and rapidly expanding its applications in various industries.

Key developments

  • In February 2019, Temptime Corporation, a US manufacturer of differentiated technology that reports temperature deviations in medical and biological products and shipments, was acquired by Zebra Technologies in February 2019. Zebra Technologies’ strategy of expanding into high growth areas such as healthcare automatic identification and data capture was well aligned with this acquisition.

Key players

The main players in the market are Honeywell, Datalogic SpA, Zebra Technologies, SICK AG, Cognex Corporation, Toshiba, Panasonic Corporation, Thales, NXP Semiconductors NV and among others.

Verified market research segmented the global auto identification and data capture market on the basis of offerings, product, end user, and geography.

  • Automatic Identification and Data Capture Market, By Offer
    • Equipment
    • Software
    • Services
  • Auto Identification and Data Capture Market, By Product
    • Bar codes
    • Magnetic Stripe Cards
    • Smartcard
    • Optical character recognition (OCR) systems
    • Radio Frequency Identification (RFID) systems
    • Biometric systems
  • Auto Identification and Data Capture Market, By End User
    • Logistics
    • Health care
    • BFSI
    • Manufacturing
    • Retail
  • Automatic Identification and Data Capture Market by Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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5 major mobile phone companies: Connection with unique technologies

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