Automatic Identification and Data Capture Market to surpass USD 174.8 Bn by 2032

Automatic Identification and Data Capture Market size is projected to expand at 13.5% CAGR from 2023-2032 driven by the rollout of digital transformation initiatives across several industries.

Woth organizations embracing digital technologies to enhance operational efficiency, automatic identification and data capture (AIDC) solutions are playing a pivotal role in automating data capture processes. Barcode scanners, RFID systems, and biometrics help facilitate accurate and efficient identification, tracking, as well as management of assets, products, and information. Across the healthcare, logistics and retail sectors, the integration of AIDC technologies is helping match the broader digital transformation goals for streamlining workflows and ensuring real-time visibility.

Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/7395

Furthermore, the ongoing introduction of advanced technologies to address the evolving market demands for efficient data capture will foster the industry growth. For instance, in May 2023, Newland AIDC introduced its first label printer, the NLS-LP410, as the newest addition to its extensive product portfolio, comprising mobile terminals, barcode scanners, OEM scan engines, and interactive kiosks.

The automatic identification and data capture industry is segmented into component, technology, end-user, and region.

Based on technology, the market share from the biometrics segment is anticipated to gain significant traction from 2023-2032 owing to growing application in the healthcare, finance, and retail verticals to ensure robust authentication and streamlined data capture. The rising demand for secure and efficient identification methods coupled with the continuous technological advancements are further fueling the segment growth.

Automatic identification and data capture industry from the BFSI end-user segment is projected to record substantial growth through 2032. Across the BFSI sector, AIDC technologies help to streamline processes, such as document verification, asset tracking, and transaction authentication to render improved customer service and compliance. The ongoing adoption of innovative solutions for data accuracy and security across the BFSI domain is also likely to boost the segment growth.

Request for customization this report @       https://www.gminsights.com/roc/7395

Regionally, the Asia Pacific automatic identification and data capture market held sizable revenue share in 2022 and is anticipated to expand at a notable CAGR from 2023-2032. Several industries mainly across China, Japan, and India are rapidly digitizing their operations, further surging the demand for efficient data capture and management solutions.

The booming e-commerce sector coupled with the burgeoning retail and manufacturing activities in the region are contributing to the increasing uptake of AIDC solutions. Moreover, several industry participants are focused on providing innovative solutions for catering to the evolving consumer demands, augmenting the market outlook. For instance, in January 2022, Taiwan-based CipherLab introduced 2564ER, an Extended-Range edition in its 2500 Series of cordless handheld scanners to provide flexibility for the warehouse and manufacturing facility staff.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Automatic identification and data capture market 360º synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Component trends

2.5    Technology trends

2.6    End-user trends

Chapter 3   Automatic Identification and Data Capture Industry Insights

3.1    Impact on COVID-19

3.2    Industry ecosystem analysis

3.3    Vendor matrix

3.4    Profit margin analysis

3.5    Technology innovation landscape

3.6    Patent analysis

3.7    Key news and initiatives

3.8    Regulatory landscape

3.9    Impact forces

3.9.1    Growth drivers

3.9.1.1   Rising demand for automatic identification and data capture in healthcare industry

3.9.1.2   Growing demand for supply chain optimization

3.9.1.3   Rise in inclination towards real-time monitoring

3.9.1.4   Increasing need for streamlining retail & e-commerce operations

3.9.2    Industry pitfalls & challenges

3.9.2.1   Significant upfront costs for implementing AIDC systems

3.9.2.2   Complexities in AIDC integration

3.10    Growth potential analysis

3.11    Porter’s analysis

3.12    PESTEL analysis

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: +1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email: sales@gminsights.com 

Comments

Post a Comment

Popular posts from this blog

Self Service Kiosk Market 2024-2032; Growth Forecast & Industry Share Report

  Self service kiosk market size is projected to expand at 5.5% CAGR from 2023 to 2032. The increasing consumer preference for contactless and efficient services coupled with the rising technological advancements are driving the adoption of self-service kiosks across various industries. Lately, the hospitality, retail, and healthcare sectors are extensively adopting self service kiosks for improved customer experience and operational efficiency. For instance, in May 2023, Samsung Electronics Co., Ltd. globally released KMC-W, a Windows version update of the Samsung Kiosk. The surging emphasis on social distancing and hygiene practices, accelerated by the pandemic has further boosted the demand for touchless self-service solutions. Additionally, cost savings for businesses, and reduced wait times is reinforcing the ability of self-service kiosks to enhance order accuracy. The rising technological innovations for improving kiosk functionalities will also drive the market growth. ...
Read more

LiDAR in Mapping Market Share, Trend & Growth Forecast to 2032

  As per a recent research report, LiDAR in Mapping Market to surpass USD 15 Bn by 2032 . The global LiDAR in mapping market is expected to expand exceptionally through 2032 owing to the rising popularity of service providers across end-user organizations because of the lack of skilled experts and budgetary restrictions. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/4461   Expanding population, growing trend of urbanization, and climate change are potentially driving the market dynamics. The LiDAR in mapping market is highly competitive attributed to low product differentiation as well as competitive pricing. Leading market competitors are making significant R&D investments to create cutting-edge hardware and software that will provide accurate and thorough data points. For instance, in February 2022, FARO Technologies, Inc. introduced an upgrade to the FARO Focus Swift Mobile Scanner. Users can now take 10-20 second co...
Read more

Cloud Native Application Protection Platform Market Trends, Analysis & Forecast, 2032

  As per a recent research report, Cloud Native Application Protection Platform Market to surpass USD 30 Bn by 2032 . Global Cloud Native Application Protection Platform Market is expected to grow considerably through 2032 owing to the burgeoning number of companies seeking integration of CNAPP into their organizational security strategy. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5440 Cloud-native application protection platform incorporates artificial intelligence into cloud-based solutions, enabling businesses to handle massive volumes of data and make choices in real-time. This results in more accurate predictions, quicker innovation for transformational change, and cost-effective scalability. To equip its customers with better protection, the top CNAPP providers are focusing on strategic alliances and product development with cyber security companies. For instance, in January 2023, Lookout Inc. announced updates to the L...
Read more