Zion Market Research

Automatic Identification and Data Capture Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Zion Market Research, The Market Research Group Announced The Analysis Report Titled "Automatic Identification and Data Capture Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026 "

 

Sarasota, FL -- (SBWIRE) -- 12/07/2018 -- Global Automatic Identification and Data Capture Market: Overview

Automatic identification and data capture is a process of identification and detection of different objects and data, which is based on a set of determined conditions. Hardware components, software solutions, and devices, such as smart cards, magnetic stripes, and biometric readers, are parts of the market for automatic identification and data capture. The growing popularity of the automatic identification and data capture market globally can be attributed to the various advantages offered by these systems, such as enhanced efficiency, reduced costs, etc.

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Global Automatic Identification and Data Capture Market: Growth Factors

The decrease in the dependency on physical labor is the most important growth driver for the automatic identification and data capture market globally. The application of automatic identification and data capture systems abolishes the dependence on physical labor, thus saving a significant amount of time. These systems offer improved and precise recognition of objects along with less operational costs, particularly for the automation of vital documents. In addition, these systems offer exclusiveness to customers along with limited access, which ensures that the facts and information are accessed only by the authorized people, without compromising on privacy. The new developments made regarding government policies and rules and regulations in the healthcare industry are likely to propel the applications of this global market in the near future.

The high cost of the automatic identification and data capture systems and security issues might restrict various organizations from utilizing these systems.

Global Automatic Identification and Data Capture Market: Segmentation

The automatic identification and data capture market can be categorized in terms of technology and end-use industry. By technology, this market is fragmented into biometrics, barcodes, voice recognition, optical character recognition, magnetic stripes, radio frequency identification, and smart cards. By end-use industry, this market comprises manufacturing, retail, healthcare, government, banking and finance, transportation and logistics, and others.

Global Automatic Identification and Data Capture Market: Regional Analysis

Based on region, the global automatic identification and data capture market is divided into Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe. North America is likely to lead the automatic identification and data capture market, which is expected to be followed by Europe, during the forecast time period. Increase in the demand for automated systems can decrease the reliance on manual labor and the surfacing of cloud-based technology for retaining databases are the significant aspects that are likely to fuel the automatic identification and data capture market in both these regions. Increasing significance of automatic identification and data capture systems in the healthcare industry has also propelled the global automatic identification and data capture market in European and North American regions. Asia Pacific is projected to hold a significant share of the automatic identification and data capture market in the upcoming years. This can be due to the increasing reliance on a computerized form of retaining the data. India and China are among the most important countries contributing toward the development of automatic identification and data capture market in this region.

Global Automatic Identification and Data Capture Market: Competitive Players

Some of the most important players operating in the global automatic identification and data capture market include Landesk, Zebra Corporation, Savi Technology, Plasco, DataLogic, Unitech Electronics, Panasonic Corporation, and Honeywell International, among others.

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Global Automatic Identification and Data Capture Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa