Description:Global Automatic Identification and Data Capture Market is expected to reach US$ XX Billion in by 2026 at a CAGR of 12.03% during a forecast year.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was... moreGlobal Automatic Identification and Data Capture Market is expected to reach US$ XX Billion in by 2026 at a CAGR of 12.03% during a forecast year.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Automatic identification and data capture is a process of identifying an object, collect the related data and enter that data into the computer system without human involvement
Increasing use of smartphones for QR code scanning and image recognition, growing e-commerce industry and rising adoption of automatic identification and data capture solutions in financial institutions are driving the growth in automatic identification and data capture market. Growing opportunities from supply chain management and healthcare industries are expected to boost the automatic identification and data capture market. High deployment cost is limiting the growth in automatic identification and data capture market.
Global Automatic identification and data capture market is segmented by offering, technology, vertical and region. On the basis of the offering, service offer is projected to grow rapidly during forecast year, owing to numerous requirement in repairing and installation service. Technical advancement and training support boost the growth of the automatic identification and data capture market by service offering.
Based on the product type, automatic identification and data capture market is segmented by Barcodes, magnetic stripe cards, smart cards, optical character recognition systems, RFID products and biometric systems. Among all products, a biometric system is anticipated to grow automatic identification and data capture market, owing to increasing adoption of automatic identification and data capture system an array of verticals such as healthcare industry, banking, and financial sector, government agencies to keep track and record of staff and customers for identification of individuals with security.
Based on vertical, Automatic identification and data capture market is projected to grow by retail vertical, owing to an increasing demand of automatic identification and data capture system for product substantiation, inventory vertical, and real supply chain management. However, the smartphone manufacturer is also expected to experience a modest growth by providing services such as image recognition and QR code scanning.
In terms of region, Asia-Pacific is expected to witness high growth in automatic identification and data capture market during forecast period, owing to rising demand for automatic identification and data capture system to reduce manual error from developing economies such as China and India.
The objective of the report is to present comprehensive analysis of Global Automatic Identification and Data Capture Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Automatic Identification and Data Capture Market dynamics, structure by analyzing the market segments, and project the Global Automatic Identification and Data Capture Market size. Clear representation of competitive analysis of key players by Global Automatic Identification and Data Capture Market Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automatic Identification and Data Capture Market make the report investor’s guide.
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Global Automatic Identification and Data Capture Market, by offering
• Software
• Hardware
• Service
Global Automatic Identification and Data Capture Market, by product
• Barcodes
o Barcode Scanners
o Barcode Printers
• Magnetic Stripe Cards
• Smart Cards
o Contact Smart Cards
o Contactless Smart Cards
• Optical Character Recognition (OCR) Systems
•... less
