SHERIDAN, WY, USA, November 21, 2021 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automatic identification and data capture market reached a value of US$ 39.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 14.4% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Request for a PDF sample of this report: https://www.imarcgroup.com/automatic-identification-data-capture-market/requestsample
Automatic identification and data capture (AIDC) refers to a set of technologies that verify, communicate, identify, record, and store information on packaged, containerized, and discrete items. As compared to other manual methods, the automated nature of the AIDC process enables precise and quick collection of information. Some of the common AIDC technologies include radio frequency identification (RFID) readers and tags, barcodes, fixed-position, handheld scanners, voice recognition, cubing, and weighing devices. These are widely used throughout the supply chain for order fulfillment, tracking and tracing, and inventory picking.
Market Trends and Drivers:
The global automatic identification and data capture market is primarily being driven by increasing digitization and automation across industries. Apart from this, the rising awareness amongst end users about the benefits of additional data security provided by advanced AIDC systems is driving the market growth. Extensive utilization of AIDC in the healthcare sector for accurate data capturing, enhanced information visibility, and improved operational efficiency is acting as another major growth-inducing factor. Moreover, the increasing usage of RFID tags and scanners in the manufacturing, education, telemetry, sports, retail, and logistics sectors, is creating a positive outlook for the market further.
Automatic Identification and Data Capture (AIDC) Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automatic identification and data capture 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:
TSC Auto ID Technology Co. Ltd.
Honeywell International Inc.
NXP Semiconductors N.V.
Sato Holdings Corporation
Zebra Technologies Corporation
Datalogic S.p.A. (Hydra SpA)
Toshiba TEC Corporation
Alien Technology LLC
Epson America Inc. (Seiko Epson Corporation)
Godex International Co Ltd.
Key Market Segmentation:
The report has segmented the global automatic identification and data capture market on the basis of offering, product type, vertical and region.
Breakup by Offering:
Breakup by Product Type:
Magnetic Stripe Cards
Optical Character Recognition (OCR) Systems
Breakup by Vertical:
Transportation and Logistics
Banking and Finance
Breakup by Region:
Middle East and Africa
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/automatic-identification-data-capture-market
Key Highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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.
Browse Related Reports:
Data Science Platform Market: https://www.imarcgroup.com/data-science-platform-market
RF Front End Module Market: https://www.imarcgroup.com/rf-front-end-module-market
Cold Gas Spray Coating Market: https://www.imarcgroup.com/cold-gas-spray-coating-market
Sternal Closure Systems Market: https://www.imarcgroup.com/sternal-closure-systems-market
Multi-Layer Ceramic Capacitor Market: https://www.imarcgroup.com/multi-layer-ceramic-capacitor-market
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.
IMARC Services Private Limited
email us here
Visit us on social media:
Asian News is your digital newspaper keeping you updated with the current affairs from around the world.
Any kind of content updation or deletion, kindly email us at firstname.lastname@example.org