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.
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 market. Growing opportunities from supply chain management and healthcare industries are expected to boost the market. High deployment cost is limiting the growth in market.
Service offering segment is projected to grow market during forecast year.
On the basis of offering, service offer is projected to grow rapidly during forecast year owing to numerous requirement in repairing and installation service. Technical advancement and training supports boost the growth of the market by service offering
Biometric system is anticipated to grow market during forecast year.
Among all products, biometric system is anticipated to grow market owing increasing adoption of automatic identification and data capture system in 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.
Asia-Pacific is expected to grow automatic identification and data capture market during forecast year followed by Europe.
Asia-Pacific is expected to witness high grow inmarket during forecast year owing to rising demand for automatic identification and data capture system to reduce manual error from developing economies such as China and India. Europe held the high growth in automatic identification and data capture market owing to high adoption in array of application such as Retail automation and identifying and access control management.
Key Players Profiled and Analised in the Report
Bluebird Inc., Godex International, Code Corporation, Toshiba Tech Corporation, SATO Worldwide, JADAK Tech, Opticon Sensors Europe B.V., IMPINJ Inc., Better Online Solutions, TSC Auto ID Technology Co., Ltd., Avery Dennison Corporation, Newland Europe B.V., and Seagull Zebra Technologies Corporation, Honeywell International Inc., Datalogic S.p.A., Axicon Auto ID Ltd., Microscan System, Inc., Unitech Electronics Co. Ltd, Epson America Inc. and Allien Technologies Corporation.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Signal generator positioning of competitors.
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