New York, NY, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Automatic Identification and Data Capture Market By Product (Barcodes, Magnetic Stripe Cards, Smartcards, OCR, RFID, and Biometrics), By Component (Hardware, Software, and Services), and By Vertical (Manufacturing, Retail, Transportation & Logistics, BFSI, and Healthcare): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, global automatic identification and data capture market was valued at around USD 40.0Billion in 2018 and is expected to reach approximately USD 90.7Billion in 2025, at a CAGR of around 12.6% between 2019 and 2025.
Automatic identification and data capture (AIDC) is described as the process of automatically identifying objects, collecting data, and logging the same into computer systems. This entire process takes place without any kind of human intervention. It is utilized to manage delivery, assets, inventory, security, and documents. AIDC is broadly used in distribution, medicine, government, manufacturing, and retail sectors. It is a process of gaining data from external devices and then analyzing it. For data detection, a transducer is used to convert the analog data, such as sounds or images, into a digital file.
Browse through 54 Tables & 31 Figures spread over 126 Pages and in-depth TOC on “Global Automatic Identification and Data Capture Market Size 2018: By Product, Applications, Industry Trends, Growth, Analysis and Forecast, 2025”.
Request Free Sample Report of Global Automatic Identification and Data Capture Market @ https://www.zionmarketresearch.com/sample/automatic-identification-and-data-capture-market
The rapid growth of the e-commerce industry is dependent on the speed and accuracy of product transportation. This industry is becoming highly competitive, where cost-effectiveness is of utmost importance to the consumers. The best way for the uninterrupted functioning of an e-commerce website is by adopting AIDC technology. The rising adoption of smartphones for image recognition and QR code scanning in retail and growing use of biometrics in organizations are the major growth drivers of the automatic identification and data capture market. These drivers are expected to accelerate the global market in the years ahead. Smartphone companies use image recognition as a feature to unlock a phone by using AIDC technology. However, the risk of security and authenticity of data collected may restrain the overall automatic identification and data capture market to some extent.
The automatic identification and data capture market is fragmented on the basis of product, component, and vertical. The product segment of the market includes magnetic stripes, smartcards, RFID, OCR, and biometrics. RFID consists of three main components—antenna, transponder, and transceiver. The antenna transfers a signal to the transponder that activates the antenna. This data is used to alert the Programmable Logic Controller (PLC) to perform the necessary action. RFIDs are replacing barcodes widely. Furthermore, smartcards are expected to hold a substantial market share in the future, owing to their rising use in ATM cards, health cards, fuel cards, security tokens, etc. These are embedded with a microchip wherein the data can be loaded and can be used for electronic payments, telephone calls, accessing services, etc.
Request for PDF Brochure of This Report: https://www.zionmarketresearch.com/requestbrochure/automatic-identification-and-data-capture-market
The North American economy is strong that justifies the region’s inclination towards investing in various technological advancements. Companies like Apple and Google have their headquarters in the region. Thus, security and accuracy become a major concern, which is driving the automatic identification and data capture market in the region. Furthermore, AIDC technology includes mobile computing devices that collect, manipulate, or communicate data from different data carriers, such as data via voice, touch, or keypad.
The Asia Pacific region is anticipated to hold the largest share of the automatic identification and data capture market globally, owing to the growing use of biometrics in manufacturing and consumer electronics industries. This technology helps in reducing the operational cost by providing help in logistics and movements of goods. Furthermore, AIDC implementation is inexpensive than password protection. Hence, biometrics plays a vital role in the manufacturing sector, as it also minimizes the risk of an internal privacy breach and reduces data theft.
Browse the full “Automatic Identification and Data Capture Market By Product (Barcodes, Magnetic Stripe Cards, Smartcards, OCR, RFID, and Biometrics), By Component (Hardware, Software, and Services), and By Vertical (Manufacturing, Retail, Transportation & Logistics, BFSI, and Healthcare): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/automatic-identification-and-data-capture-market
The Middle East and Africa is estimated to grow moderately in the automatic identification and data capture market, owing to the region’s flourishing hospitality industry. Some regional hotels provide RFID cards to their guests to enhance their experience of contactless room keys. This, in turn, decreases the hustle caused during entering and leaving rooms and during check-ins. Moreover, this contactless key acts as an all-in-one key that can be used to access various hotel services, such as in-hotel shopping, spa, gym, pool, etc.
Rising government initiatives and strict rules and regulations in the healthcare sector are major growth factors of the European automatic identification and data capture market. These initiatives include proper employee monitoring and optimum resource allocation. Barcodes help in verifying and matching patients to the required treatment. Furthermore, nurses can confirm if a product they are using for a patient is the same one given by the doctor. Moreover, this technology also helps in managing the inventory by checking the leftover inventory, which helps in avoiding emergencies.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/automatic-identification-and-data-capture-market
Latin America is witnessing a rather slow market growth for automatic identification and data capture. Alternatively, the regional telecom industry is flourishing rapidly and hence the QR code usage is also rising, which is leading to the automatic identification and data capture market. Many telecommunication companies have started using QR codes with the motive of spreading benefit awareness among the regional consumer base.
Some prominent companies involved in the automatic identification and data capture market across the globe are Datalogic, Zebra Technologies, Toshiba, SICK AG, Cognex, NXP, Synaptics, Honeywell, SATO, and NEC.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/3604
This report segments the global automatic identification and data capture market into:
Global Automatic Identification And Data Capture Market: Product Analysis
- Barcode
- Magnetic Stripe Cards
- Smartcards
- OCR
- RFID
- Biometrics
Global Automatic Identification And Data Capture Market: Component Analysis
- Hardware
- Software
- Services
Global Automatic Identification And Data Capture Market: Vertical Analysis
- Manufacturing
- Retail
- Transportation and Logistics
- BFSI
- Healthcare
- Others
Global Automatic Identification And Data Capture Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- VFX Market: https://www.zionmarketresearch.com/report/vfx-market
- Computer Aided Manufacturing (CAM) Market: https://www.zionmarketresearch.com/report/aomputer-aided-manufacturing-market
- Spend Analytics Market: https://www.zionmarketresearch.com/report/spend-analytics-market
- Visual Search Market: https://www.zionmarketresearch.com/report/visual-search-market
- Digital Business Support System Market: https://www.zionmarketresearch.com/report/digital-business-support-system-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Visit Our Blog: http://zmrnewsnetwork.com | http://www.clickfeaturetech.com | https://prosampleresume.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://newszmr.com