Automatic Identification and Data Capture Market worth 72.00 Billion USD by 2023

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"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"
www.MarketsandMarkets.com
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The automatic identification and data capture
market is expected to grow from USD 40.31 Billion
in 2018 to USD 72.00 Billion by 2023, at a CAGR
of 12.30 between 2018 and 2023. The growth of
the automatic identification and data capture
market is propelled by the growing e-commerce
industry, increasing use of smartphones for QR
code scanning and image recognition, and rising
adoption of automatic identification and data
capture solutions by financial institutions.
Factors such as rising government regulations and
growth opportunities from supply chain management
and healthcare industries  are expected to
support the growth of the automatic
identification and data capture market. PDF
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Hardware is expected to hold the largest share of
the automatic identification and data capture
market between 2018 and 2023. Among all
offerings, hardware held the largest share of the
automatic identification and data capture market
in 2017. The high requirement for hardware
components in several automatic identification
and data capture products such as barcodes,
magnetic stripe cards, smart cards, optical
character recognition (OCR) systems, RFID tags,
printers and readers, and biometric systems has
contributed to the leading position of the
hardware segment in terms of market
size. Manufacturing is expected to hold the
largest share of the automatic identification and
data capture market between 2018 and 2023. Among
all verticals, manufacturing held the largest
share of the automatic identification and data
capture market in 2017. The leading position of
the manufacturing vertical, in terms of market
size, can be attributed to benefits offered by
automatic identification and data capture
solutions such as enhanced efficiency and reduced
operational costs, which enables the sector to
effectively handle the increasing number of goods
flowing through the supply chain process.
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APAC is expected to hold the largest share of the
automatic identification and data capture market
between 2018 and 2023. Among all regions, APAC
held the largest share of the automatic
identification and data capture market in 2017.
The leading position of APAC can be attributed to
the rapid expansion of retail and logistics
companies supported by the presence of several
automatic identification and data capture players
in the region. Major players in the automatic
identification and data capture market are
Datalogic (Italy), Honeywell (US), Zebra
Technologies (US), SICK AG (Germany), Cognex
(US), Toshiba (Japan), NEC (Japan), NXP
(Netherlands), Synaptics (US), and SATO (Japan).
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Browse gtgt Browse 67 market
data Tables 57 Figures spread
through  178 Pages and in-depth
TOC on "Automatic Identification and Data
Capture Market - Global Forecast to 2023 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at
Single user US 5650 Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Key players -

• Major players in the automatic identification and
  data capture market are Datalogic (Italy),
  Honeywell (US), Zebra Technologies (US), SICK AG
  (Germany), Cognex (US), Toshiba (Japan), NEC
  (Japan), NXP (Netherlands), Synaptics (US), and
  SATO (Japan).

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