Title: Global Automatic Identification and Data Capture Market– Industry Trends and Forecast to 2025
1Global Automatic Identification and Data Capture
Market
Global Automatic Identification and Data Capture
Market is growing at a CAGR of 12.5 from 2018 to
2025
The Global Automatic Identification and Data
Capture Market accounted for USD 36.2 billion in
2017 and is projected to grow at a CAGR of 12.5
the forecast period of 2018 to 2025. The upcoming
market report contains data for historic years
2016, the base year of calculation is 2017 and
the forecast period is 2018 to 2025.
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2Market Definition
Automatic Identification and Data Capture (AIDC)
is a general class of advanced technology which
is used to gather data from an individual,
question, picture or sound without manual
information section. AIDC frameworks are utilized
to oversee stock, conveyance, resources, security
and records. As the process is automated (rather
than reliant on pen, paper and people),
information is gathered quickly and accurately.
AIDC frameworks incorporate circulation,
producing, transportation, medication, government
and retail, among numerous others. According to
Aberdeen Group, 59 of retailers are planning to
implement dynamic marketing content with POS
devices and 61 of retailers need assistance with
portable, anywhere product information, inventory
look-up, price-look up and loyalty processing.
All this is happening because of AIDC.
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3Market Segmentation
- The market is segmented on the basis of offering,
product, vertical and geographical segments. - Based on offering, the market is segmented into
hardware, software and services. - Based on product, the market is segmented into
barcodes, magnetic stripe cards, smart cards,
optical character recognition (OCR) systems, RFID
products, biometric systems. Barcodes can be sub
segmented into barcode scanners and barcode
printers. Smart cards can be sub segmented into
contact smart cards and contactless smart cards.
RFID products can be sub segmented into RFID
Scanners, RFID Printers and RFID Tags. Biometric
systems can be sub segmented into iris
recognition systems, face recognition systems and
voice recognition systems.
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4Competitive Analysis
The global automatic identification and data
capture market is fragmented and the major
players have used various strategies such as new
product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others
to increase their footprints in this market in
order to sustain in long run. The report includes
market shares of automatic identification and
data capture market for global, Europe, North
America, Asia Pacific and South America.
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