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Automatic Identification and Data Capture (Barcodes, Magnetic Stripe Cards, Smart Cards, OCR Systems, RFID Products & Biometric Systems) Market - Global Forecast to 2023 - ResearchAndMarkets.com

June 12, 2018

DUBLIN--(BUSINESS WIRE)--Jun 12, 2018--The “Automatic Identification and Data Capture Market by Product (Barcodes, Magnetic Stripe Cards, Smart Cards, OCR Systems, RFID Products & Biometric Systems), Offering (Hardware, Software, and Services), Vertical & Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The automatic identification and data capture market is likely to be valued at USD 40.31 billion in 2018 and is expected to reach 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 increasing adoption of automatic identification and data capture solutions by financial institutions. Factors such as the rising government regulations and growing opportunities from supply chain management and healthcare industries are expected to support the growth of the players in the automatic identification and data capture market.

Among all verticals, the automatic identification and data capture market for the retail industry is expected to grow at the highest rate between 2018 and 2023. The growth of the automatic identification and data capture market for the retail sector can be attributed to the high adoption of automatic identification and data capture solutions for product authentication, inventory optimization, effective supply chain management, advanced merchandising, and mobile commerce applications.

Among all offerings, the automatic identification and data capture market for services is expected to grow at the highest rate between 2018 and 2023. Frequent requirements related to repair and installation services, and technical and training support drive the growth of the automatic identification and data capture market for services.

Among all the product categories of automatic identification and data capture solutions, the market for biometric systems is expected to grow at the highest CAGR between 2018 and 2023. The ability to automatically identify a person based on physiological characteristics is the major factor driving the growth of the market for biometric systems.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automatic Identification and Data Capture Market, By Offering

7 Automatic Identification and Data Capture Market, By Product

8 Automatic Identification and Data Capture Market, By Vertical

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

Datalogic Honeywell Zebra Technologies Sick AG Cognex Toshiba NEC NXP Synaptics Sato Avery Dennison Epson NCR Casio Denso Wave M3 Mobile Cipherlab Impinj B.O.S. Better Online Solutions Bluebird Inc.

For more information about this report visit https://www.researchandmarkets.com/research/gsqxgc/automatic?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180612006237/en/

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/12/2018 01:10 PM/DISC: 06/12/2018 01:10 PM

http://www.businesswire.com/news/home/20180612006237/en

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