IMARC Group has recently released a new research study titled “Automatic Identification and Data Capture (AIDC) Market Report by Offering (Hardware, Software, Services), Product Type (Barcode Scanners, Magnetic Stripe Cards, Smart Cards, Optical Character Recognition (OCR) Systems, RFID Products, Biometric Systems), Vertical (Manufacturing, Retail, Transportation and Logistics, Banking and Finance, Healthcare, Government, and Others), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The global automatic identification and data capture market size reached US$ 56.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 158.7 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032.

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What is Automatic Identification and Data Capture (AIDC)?

Automatic identification and data capture (AIDC) represents the process of automatically identifying and gathering information about objects, people, and transactions using barcodes, radio frequency identification (RFID), biometrics, optical character recognition (OCR), and magnetic stripes. It comprises numerous hardware and software products and services, including scanners, RFID readers, mobile computers, printers, software solutions, and consulting services. AIDC technologies, such as biometric authentication and smart cards, enhance security and prevent fraud by ensuring that only approved personnel have access to critical information and systems. As it improves convenience, this procedure is gaining traction across the globe.

Automatic Identification and Data Capture (AIDC) Market Trends:

The growing need for supply chain management in several sectors is causing the requirement for recognition and information capture technologies, including barcodes, RFID tags, and QR codes, to provide real-time tracking and tracing, which is primarily driving the automatic identification and data capture (AIDC) market. Furthermore, rising digitization and increasing automation across industries are also augmenting the market growth. 

Apart from this, the launch of advanced technologies, such as machine learning (ML) and artificial intelligence (AI), in AIDC solutions to process, manage, store, and share data without human intervention and enhance performance to provide more value to customers is positively influencing the global market. 

Moreover, the widespread adoption of these systems for data security in financial institutions is further bolstering the market growth. 

Besides this, the expanding healthcare industry and the rising utilization of AIDC for accurate capturing of information and enhanced operational efficiency are acting as significant growth-inducing factors. 

Additionally, government bodies of various countries are implementing regulations for tracking and tracing pharmaceuticals, which is expected to fuel the automatic identification and data capture (AIDC) market in the coming years.  

Automatic Identification and Data Capture (AIDC) Market Report Segmentation:

By Offering:

·        Hardware

·        Software

·        Services

By Product Type:

·        Barcode Scanners

·        Magnetic Stripe Cards

·        Smart Cards

·        Optical Character Recognition (OCR) Systems

·        RFID Products

·        Biometric Systems

By Vertical:

·        Manufacturing

·        Retail

·        Transportation and Logistics

·        Banking and Finance

·        Healthcare

·        Government

·        Others

Regional Insights:

·        North America

·        Asia Pacific

·        Europe

·        Latin America

Middle East and Africa

Competitive Landscape with Key Players:

The competitive landscape of the black pepper market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:  

·        Cognex Corporation

·        Datalogic S.p.A. (Hydra SpA)

·        Epson America Inc. (Seiko Epson Corporation)

·        Godex International Co Ltd.

·        Honeywell International Inc.

·        NEC Corporation

·        NXP Semiconductors N.V.

·        Sato Holdings Corporation

·        Sick AG

·        Synaptics Incorporated

·        Toshiba TEC Corporation

·        TSC Auto ID Technology Co. Ltd.

·        Zebra Technologies Corporation

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Key Highlights of the Report:

·        Market Performance (2018-2023)

·        Market Outlook (2024-2032)

·        Market Trends

·        Market Drivers and Success Factors

·        Impact of COVID-19

·        Value Chain Analysis

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.

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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.

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