Global Automatic Identification and Data Capture Market 2024-2028

Global Automatic Identification and Data Capture Market 2024-2028

Automatic Identification And Data Capture Market 2024-2028

The automatic identification and data capture market is forecasted to grow by USD 21520.4 mn during 2023-2028, accelerating at a CAGR of 8.1% during the forecast period. The report on the automatic identification and data capture market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing applications of rfid, rising demand for better inventory management systems, and growing adoption of 2d barcodes.

Technavio's automatic identification and data capture market is segmented as below:

By Product

• RFID products
• Barcodes and magnetic stripe cards
• Biometric systems
• Smart cards
• Optical character recognition (OCR) systems

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the growing popularity of smart factories as one of the prime reasons driving the automatic identification and data capture market growth during the next few years. Also, growing popularity of big data and high demand for wearable scanners will lead to sizable demand in the market.

The report on the automatic identification and data capture market covers the following areas:

• Automatic Identification And Data Capture Market sizing
• Automatic Identification And Data Capture Market forecast
• Automatic Identification And Data Capture Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automatic identification and data capture market vendors that include Alien Technology LLC, Bluebird Inc., Cognex Corp., Comar Systems Ltd., Datalogic SpA, GoDEX International Co. Ltd., Honeywell International Inc., NEC Corp., NXP Semiconductors NV, ORBCOMM Inc., Panasonic Holdings Corp., Seiko Epson Corp., Synaptics Inc., Thales Group, Toshiba Corp., TSC Auto ID Technology Co. Ltd., Unitech Computer Co. Ltd., and Zebra Technologies Corp.. Also, the automatic identification and data capture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.