Dublin, Oct. 29, 2021 (GLOBE NEWSWIRE) -- The "Global Automatic Identification & Data Capture Market (2021-2026) by Type, Component, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Automatic Identification & Data Capture Market is estimated to be USD 51.2 Bn in 2021 and is expected to reach USD 91.45 Bn by 2026, growing at a CAGR of 12.3%.
Market Dynamics
The increasing application of IoT, AI, MI, and deep learning tools is driving the automatic identification and data capture market. In addition, rising online shopping and easy access to small payments via smartphone scanning are increasing the market. The automatic identification and data capture reduces the cost of data entry, prevent human errors related to identification and data collection, reduces process time, and facilitates tracking of products. These benefits have increased the efficiency and asset tracking in various industries such as automotive, chemicals, beverages, food, healthcare, retail, banking, supply chain, etc. However, security issues and malware breach is hindering the market growth.
Increasing digitalization and government initiation in the adoption of AIDC globally is anticipated to offer remunerative 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. - 26th January 2020.
2. Credem launches recycled PVC payment supplied by IDEMIA. Credem is one of the first banks in Italy to launch eco-friendly payment cards supplied by IDEMIA. - 23rd March 2021.
Company Profiles
Some of the companies covered in this report IDEMIA, Alien Technology, Cipherlab Co., Ltd., Cisco Systems, Inc., Datalogic S.p.A, Honeywell International., etc.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automatic Identification & Data Capture Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using the Positioning Quadrants, the analyst's Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Need to Eliminate Data Capture and Entry Errors
4.1.2 Rising QR Codes Scanning
4.1.3 Increasing Adoption in the E-Commerce and Healthcare
4.2 Restraints
4.2.1 High investment cost
4.3 Opportunities
4.3.1 Government Legalization on the Adoption of AIDC Technology
4.3.2 Ongoing Research on Technological Advancements
4.4 Challenges
4.4.1 Privacy risk and Invariability in data collection
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Automatic Identification & Data Capture Market, By Product
6.1 Introduction
6.2 Barcodes
6.2.1 Barcode Printers
6.2.2 Barcode Scanners
6.2.3 Laser Scanners
6.2.3.1 Short-range laser scanners
6.2.3.2 Long-range laser scanners
6.2.3.3 CMM based
6.2.3.4 Arm-based
6.2.3.5 Single point
6.2.3.6 Handheld terminal
6.3 Magnetic Stripe Cards
6.3.1 Rugged Tablets
6.3.2 Handheld
6.3.3 Vehicle Mounted
6.4 Smart Cards
6.4.1 Contact-Based Smart Cards
6.4.2 Contactless Smart Cards
6.5 OCR Systems
6.6 RFID Products
6.6.1 Scanners
6.6.2 Tags
6.6.3 Printers
6.7 Biometric Systems
6.8 VR Solutions
6.9 Heads-Up Displays
6.10 Google Glass
6.11 Voice-Directed WMS
6.12 Others
7 Global Automatic Identification & Data Capture Market, By Component
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Service
8 Global Automatic Identification & Data Capture Market, By End User
8.1 Introduction
8.2 Manufacturing
8.3 Retail
8.4 Transportation and Logistics
8.5 Banking and Finance
8.6 Healthcare
8.7 Government
8.8 Others
9 Global Automatic Identification & Data Capture Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Alien Technology
11.2 Cipherlab Co., Ltd.
11.3 Cisco Systems, Inc.
11.4 Datalogic S.p.A
11.5 Honeywell International
11.6 Impinj, Inc.
11.7 Synaptics Incorporated
11.8 Novanta Inc
11.9 Seiko Epson Corporation
11.10 SATO Europe GmbH
11.11 Toshiba Corporation
11.12 Zebra Technologies
11.13 NEC Corporation
11.14 Voxware, Inc.
11.15 Sick Holding Gmbh
11.16 Dell
11.17 Getac Technology Corporation
11.18 IDEMIA
11.19 Cognex Corporation
11.20 Godex International Co Ltd.
12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/kimdh1
