Global Auto Identification and Data Capture Industry Expected to Reach $ 91.45 Billion by 2026 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD)–The “Global Automatic Identification and Data Capture Market (2021-2026) by Type, Component, End User, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report was added to ResearchAndMarkets.com offer.

The global automatic identification and data capture market is estimated to be worth USD 51.2 billion in 2021 and is expected to reach USD 91.45 billion by 2026, growing at a CAGR of 12.3%.

Growing application of IoT, AI, MI, and deep learning tools is driving the market for automatic identification and data capture. In addition, the increase in online shopping and easy access to small payments through the digitization of smartphones is increasing the market. Automatic identification and data capture reduce the cost of data entry, avoid human errors associated with identifying and collecting data, reduce processing time, and facilitate product tracking. These benefits have increased efficiency and asset tracking in various industries such as automotive, chemicals, beverage, food, healthcare, retail, banking, supply chain. , etc. However, security concerns and malware breach are hampering the growth of the market.

The increase in digitization and government initiative in adopting AIDC globally is expected to provide rewarding growth opportunities for the player operating in the AIDC market.

Recent developments

1. Aware, Inc., launched AwareABIS, an Automated Biometric Identification System (ABIS) used for large-scale biometric identification and deduplication. – January 26, 2020.

2. Credem launches the recycled PVC payment provided by IDEMIA. Credem is one of the first banks in Italy to launch ecological payment cards provided by IDEMIA. – March 23, 2021.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors taken into account for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Why buy this report?

  • The report offers a comprehensive assessment of the global automatic identification and data capture market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is carried out through interviews, surveys and observations of well-known people in the industry.

  • The report includes in-depth market analysis using Porter’s 5 Forces Model and Ansoff Matrix. In addition, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario of the industry, which will help you to make an informed decision. The report covers the main regulatory bodies and the main rules and regulations imposed on this industry in various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Market dynamics

Conductors

  • Growing need to eliminate data entry and entry errors

  • Scanning of QR codes on the rise

  • Growing adoption in e-commerce and healthcare

Constraints

Opportunities

  • Government legalization on the adoption of AIDC technology

  • Ongoing research on technological advancements

Challenges

  • Risk of confidentiality and invariability in data collection

Companies mentioned

  • Alien technology

  • Cipherlab Co., Ltd.

  • Cisco Systems, Inc.

  • Datalogic SpA

  • Honeywell International

  • Impinj, Inc.

  • Synaptics Incorporated

  • Novanta Inc

  • Seiko Epson Corporation

  • SATO Europe GmbH

  • Toshiba Company

  • Zebra Technologies

  • NEC Company

  • Voxware, Inc.

  • Sick Holding Gmbh

  • Dell

  • Getac Technology Company

  • IDEMIA

  • Cognex Company

  • Godex International Co Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/ix9zku


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