Automatic Identification and Data Capture Market Growth, Revenue and Industry Analysis Report by 2025

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MarketsandMarkets Presents

Automatic Identification and Data Capture Market
COVID-19 Impact Analysis Automatic
Identification and Data Capture Market with
COVID-19 Impact Analysis by Product (Barcodes,
Smart Cards, OCR Systems, RFID Products, and
Biometric Systems), Offering (Hardware, Software,
and Services), Vertical, and Geography - Global
Forecast to 2025 https//www.marketsandmarkets.co
m/Market-Reports/automatic-identification-data-cap
ture-market-194254012.html
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The overall Automatic Identification and Data
Capture Market is expected to grow from USD 40.1
billion in 2020 to USD 80.3 billion by 2025 it
is expected to grow at a CAGR of 14.9 during
20202025. Browse 162 market data Tables and 66
Figures spread through 253 Pages and in-depth TOC
on "Automatic Identification and Data Capture
Market - Global Forecast to 2025 The COVID-19
pandemic has impacted the sales of AIDCs
globally. However, it has created opportunities
as well as challenges for the players present in
the ecosystem. Since the healthcare globally are
still active, AIDCwill be in demand. An
individual has to clear both the face and
fingerprint recognition to access the database of
any system. If the individual does not clear one
of the identification criteria, then the access
to the database is denied. These added security
features offered through biometrics provide an
opportunity for the growth of automatic
identification and data capture market. An
increasing number of patients and deaths due to
COVID-19 will force all the countries to increase
their healthcare expenditure, which is expected
to have a positive impact on the growth of the
market for AIDC products.
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Key factors fueling the growth of this market
include growing e-commerce industry globally
increasing use of smartphones for QR code
scanning and image recognition rising adoption
of AIDC solutions due to their ability to
minimize queuing and transaction time and provide
greater convenience to users in making
small-value payments and surging adoption of
AIDC solutions by banking and financial
institutions to ensure customer safety and
security, along with data privacy. An increasing
number of patients and deaths due to COVID-19
will force all the countries to increase their
healthcare expenditure, which is expected to have
a positive impact on the growth of the market for
AIDC products. Ask PDF Brochure https//www.mark
etsandmarkets.com/pdfdownloadNew.asp?id194254012
Automatic identification and data capturing is a
technique through which objects are automatically
identified, data about them is collected and
converted into a digital format, and then this
data is entered into the computer system without
any human intervention. This data may be in the
form of images or videos and audio files. A
transducer is deployed to convert the actual data
into a digital format. The stored data is then
analyzed by a computer system and then
cross-checked with the database to authenticate
users and provide them permission to enter into a
protected system, as well as store this data for
future references.
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The market for virtual reality (VR) solutionsis
expected to grow at thehighest CAGR within the
global automatic identification and data capture
market during the forecast period. VR solutions
work on the principle of vision picking where
order pickers in a warehouse or a retail store
can view pick information within their field of
vision through smart glasses, rather than looking
at their mobile terminal device screen. Request
Free Sample Report https//www.marketsandmarkets.
com/requestsampleNew.asp?id194254012 The market
for the hospitality vertical is expected to grow
with the highest CAGR during the forecast period.
Automatic identification and data capturing
products, such as barcoding solutions, RFID
systems, OCR systems, and biometric systems, are
increasingly being used by many hotels and
restaurants to enhance the guest experience,
increase operational efficiency, accelerate
service delivery speed, as well as for mobile
payment and ordering, inventory management, and
food safety tracking.
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The AIDC market in APAC is expected to grow at
the highest CAGR during the forecast period.Many
retail and logistics companies are expanding
their presence in the region to capitalize on the
increased purchasing power of the middle-class
people, which has led to the growth of the
automatic identification and data capture market
in the region. Moreover, the significant presence
of several market players, such as Panasonic
(Japan), SATO (Japan), Toshiba (Japan), Godex
(Taiwan), and Optoelectronics (Japan), in the
region is likely to propel the growth of the
automatic identification and data capture market
in APAC. Key market players Honeywell (US),
Datalogic S.p.A. (Italy), Zebra Technologies
(US), SICK AG (Germany), Cognex Corporation (US),
Toshiba (Japan), Panasonic Corporation (Japan),
Thales (France), and NXP Semiconductors N.V.
(Netherlands) are a few major companies in the
AIDC market. Organic growth strategies, such as
product launches and developments, is a focus of
many of the companies mentioned above.
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