Automatic Identification and Data Capture Market Expanding

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MarketsandMarkets Presents

Automatic Identification and Data Capture Market
Expanding Automatic Identification and Data
Capture Market by Product (Barcodes, Magnetic
Stripe Cards, Smart Cards, OCR Systems, RFID
Products, and Biometric Systems), Offering
(Hardware, Software, and Services), Vertical, and
Geography - Global Forecast to 2023 https//www.ma
rketsandmarkets.com/Market-Reports/automatic-ident
ification-data-capture-market-194254012.html
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• The automatic identification and data capture
  market was valued at USD 35.69 Billion in 2018
  and is expected to reach USD 72.00 Billion by
  2023, at a CAGR of 12.30 during the forecast
  period. Factors such as rising government
  regulations and growing opportunities from supply
  chain management and healthcare industries are
  expected to support the growth of players in the
  automatic identification data capture market.
• Browse 67 market data Tables and 57 Figures
  spread through 178 Pages and in-depth TOC
  on "Automatic Identification and Data Capture
  Market - Global Forecast to 2023
• Market Dynamics
• Driver Increasing adoption of AIDC solutions
• Restraint High deployment cost of AIDC solutions
• Opportunity Rising government regulations
  supporting the high adoption of AIDC solutions
• Challenge Malware attacks and security breaches

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Automatic identification and data capturing is a
technique through which objects are automatically
identified, data about them is collected,
converted into a digital file, and then entered
into the computer system, without any human
intervention. This data may be in the form of
images and sounds. A transducer is employed to
convert the actual data into a digital file. The
stored information is then analyzed by a computer
and then cross-checked with the internal database
to verify or provide authentication to enter a
secured system and to store this data for future
references. Ask PDF Brochure https//www.markets
andmarkets.com/pdfdownloadNew.asp?id194254012 By
vertical, manufacturing to hold the largest
share of automatic identification and data
capture market by 2023. The automatic
identification and data capture market for the
manufacturing vertical is expected to grow during
the forecast period. Automatic identification and
data capture products offer advantages such as
enhanced efficiency and reduced operational costs
to the manufacturers, which is the prominent
factor for the increasing adoption of automatic
identification and data capture products in this
vertical.
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By product, the  smart cards segment is expected
to hold the largest size of automatic
identification and data capture market during the
forecast period. The leading position of smart
cards, in terms of market size, can be attributed
to its several application areas, including
identification, health cards, public transit, ATM
cards, credit cards, fuel cards, and security
token, among others. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id194254012 By offering hardware to
hold the largest size of automatic identification
and data capture market during the forecast
period. The leading position of the hardware
segment, in terms of market size, can be
attributed to the high requirement for different
types of hardware components in several automatic
identification and data capture products,
including barcodes, magnetic stripe cards, smart
cards, optical character recognition (OCR)
systems, RFID products, and biometric systems.
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APAC to account for the largest size as well as
the highest growth rate during the forecast
period The leading position of APAC can be due to
the rapid expansion of retail and logistics
companies, along with the presence of several
automatic identification and data capture players
in the region. Key Market Players Datalogic
(Italy), Honeywell (US), Zebra Technologies (US),
SICK AG (Germany), and Cognex (US) Critical
questions the report answers Which key
developments are expected to have a long-term
impact on the Automatic Identification Data
Capture Market? What are the opportunities for
new market entrants? What are the significant
upcoming trends in the market? Which are the most
significant revenue-generating regions for the
market?
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