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Automatic Identification and Data Capture Market by Product, Offering, Vertical And Geography - Global Forecast to 2023

Automatic Identification and Data Capture Market: Global Forecast until 2023

  • June 2018
  • 179 pages
  • ID: 5439209
In this report:
The market for magnetic stripe cards is expected to witness a declining shipment from ##,##.## million units in 2017 to ##,##.## million units by 2023, at a negative CAGR of ##.##% between 2018 and 2023.
The market for RFID tags registered a shipment of ##,##.## million units in 2017 and is expected to reach ##,##.## units by 2023, at the highest CAGR of ##.##% between 2018 and 2023.

Summary

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Automatic identification and info capture market to witness significant increase between 2018 and 2023.

The automatic identification and info capture market is likely to be valued at ~$40.3B in 2018 and is forecasted to reach ~$72.0B by 2023, at a compound annual growth rate (CAGR) of ~12.3 percent between 2018 and 2023. The rise of the automatic identification and info capture market is propelled by the increasing e-commerce sector, growing use of smartphones for QR code scanning and image recognition, and rising adoption of automatic identification and info capture solutions by financial institutions. Elements such as the growing government regulations and increasing opportunities from supply chain management and healthcare sectors are anticipated to support the increase of the actors in the automatic identification and info capture market.

Market for the retail market to register the maximal CAGR (Compound annual growth rate) during the outlook period.

Among all verticals, the automatic identification and info capture market for the retail sector is anticipated to increase at the maximal level rate between 2018 and 2023. The rise of the automatic identification and info capture market for the retail market can be connected to the high adoption of automatic identification and info capture solutions for product authentication, inventory optimization, effective supply chain management, advanced merchandising, and mobile commerce applications.

The automatic identification and info capture market for services to register the maximal compound annual growth rate (CAGR) between 2018 and 2023.

Among all offerings, the automatic identification and info capture market for services is anticipated to rise at the highest level rate between 2018 and 2023. Frequent requirements related to repair and installation services, and technical and training support drive the increase of the automatic identification and info capture market for services.

The industry for biometric systems to grow at the maximal rate during the estimate period.

Among all the product categories of automatic identification and info capture solutions, the sector for biometric systems is anticipated to grow at the highest CAGR (Compound annual growth rate) between 2018 and 2023. The ability to automatically identify a person established on physiological characteristics is the main factor driving the increase of the market for biometric systems.

The automatic identification and info capture market in Asia-Pacific to grow at the highest compound annual growth rate (CAGR) during the outlook period.

Among all areas, Asia-Pac held the biggest share of the automatic identification and info capture market in 2017. The leading position of APAC can be accredited to the quick expansion of retail and logistics firms supported by the presence of different automatic identification and info capture actors in the territory.

Following is the breakup of the profiles of primary members taking part:

• By Company category: Tier 1 - 55.0 percent, Tier 2 - 25.0 percent, and Tier 3 - 20.0 percent

• By Description: Directors - 50.0 percent, Vice Presidents - 25.0 percent, Managers - 20.0 percent, and Others - 5.0 percent

• By Area: North America (NA) - 40.0 percent, EU - 35.0 percent, Asia-Pacific - 15.0 percent, and rest of the world - 10.0 percent

Top players operating in the automatic identification and info capture market contain Datalogic, Honeywell, Zebra Technologies, SICK AG, Cognex, Toshiba, NEC, NXP, Synaptics, and SATO.

Segment Research

In this market research, the automatic identification and info capture market has been split on the basis of product, offering, vertical, and territory.Established on product, the automatic identification and info capture market has been divided into barcodes, magnetic stripe cards, smart cards, optical character recognition systems, RFID products, and biometric systems.

By offering, the automatic identification and info capture market has been categorized into hardware, software, and services.Based on vertical, the automatic identification and info capture market has been broken down into manufacturing, retail, transportation & logistics, banking & finance, healthcare, government, and others.

Established on area, the industry has been categorized into North America continent, Europe (EU), Asia-Pac, and RoW.

Main highlights

Figures of segmentation, review, and estimate for the sector established on product, offering, vertical, and area have been conducted to offer an global view of the automatic identification and info capture market.

The value chain study has been performed to provide a detailed insight into automatic identification and info capture market.

The analysis offers a in-depth overview of main drivers, market restraints, alternatives, and opportunities influencing the increase of automatic identification and info capture market.

The market research also comprises the competitive landscape, together with complete study and revenues of main actors.

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