Home > Media & Technology > Information Technology > IT Software > Automatic Identification and Data Capture Market

Automatic Identification and Data Capture Market Trends

  • Report ID: GMI7395
  • Published Date: Nov 2023
  • Report Format: PDF

Automatic Identification and Data Capture Market Trends

Partnerships focused on introducing automatic identification and data capture software for real-time inventory monitoring have fueled lucrative market demand. Collaborations between technology companies and businesses have led to innovative solutions that provide accurate, real-time data on inventory levels.
 

For instance, in October 2023, SATO Holdings Corporation, an automatic identification and labeling solution provider, joined forces with CipherLab, a supplier of automatic identification and data capture solutions, to introduce ReMoCloud × SOS1, an integrated enterprise mobility management software. This software enables users to access remote maintenance support and device maintenance seamlessly. This real-time monitoring capability enhances supply chain efficiency, reduces costs related to overstocking or stockouts, and improves the overall operational productivity.
 

The rapid growth of the e-commerce industry is propelling the automatic identification and data capture market. E-commerce businesses rely on automatic identification and data capture technologies, such as barcode scanners and RFID systems, for efficient inventory management, order fulfillment, and shipment tracking. Automatic identification and data capture solutions streamline processes, ensuring accurate data capture and reducing errors. As the demand for online shopping continues to rise, e-commerce companies will invest in automatic identification and data capture technologies to enhance operational efficiency, thereby driving market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automatic identification and data capture reached USD 50.5 billion in 2022 and is set to grow at 13.5% CAGR from 2023 to 2032, due to the increasing construction of warehouses dedicated to storing and managing electric components worldwide.

The hardware component segment held over 45% of the market share in 2022, owing to its capability to enhance work productivity through barcode printers.

North America accounted for 30% of the market share in 2022, attributed to the continuous technological advancements and strong emphasis on research and development in the region.

Panasonic Corporation, Denso Global, Honeywell International Inc, Toshiba corporation, Thales Group, Zebra Technologies Corporation, NCR Corporation, SICK AG, and Congex Corporation are some of the major automatic identification and data capture companies worldwide.

Automatic Identification and Data Capture Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 285
  • Countries covered: 21
  • Pages: 200
 Download Free Sample