Global Automatic Identification and Data Capture Market: Enhancing Logistic and Supply Chain Services are Boosting the Market Growth

Global Automatic Identification and Data Capture Market

Automatic identification and data capture is the process of incorporating different identification techniques to ensure that the supply chain operations of any industry are simplified. This process utilizes unique identification technologies such as barcodes, QR codes, RFID tags, biometrics, magnetic strips, voice recognition and even smart cards to ensure that the commodities reach their desired destination without having to require any human involvement.

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The main factors behind the growth of the market are:

  • Growing e-commerce industry: The major utilizers of this technology is the e-commerce industry which have experienced a significant expansion of their operations amid high volume of consumers adopting e-commerce services, due to their various features and ease for customers in attaining their desired commodities. E-commerce industry provides consumers access to commodities that might not be available in the specific region of the customer, rather in a different geographical region
  • Increasing use of smartphones for QR code scanning and image recognition: Another major factor behind the healthy growth of this technology is the integration of smartphones and smart devices with identification technology/software helping the users to create a personalized database on their smart devices giving them access to this database on the go. This induces better management of the supply chain for the supervisors and customers alike as they can track the status of the commodities on their mobile devices without having to access the central database

The market is segmented on the basis of offering as hardware, software, services; product as barcodes, magnetic stripe cards, smart cards, OCR systems, RFID products, biometric systems; vertical as manufacturing, retail, transportation & logistics, banking & finance, healthcare, government, others.

Some of the recent market developments are as follows:

  • In March 2019, Renovotec announced that they had acquired Spirit Data Center Limited, forming a combination of organizations for logistics and field service technologies. This acquisition will help the combined organization provide better levels of services providing their innovative technologies to a larger consumer base
  • In September 2018, Barcoding Inc. announced that they had acquired Danforth Systems LLC helping them enhance their capabilities relating to RFID offerings and system integrations. The company deals with clients relating to healthcare, government, retail and logistics out of Houston, Texas, United States. This acquisition will provide Barcoding Inc. to incorporate better levels of customer-oriented service offerings and product range

 “According to Data Bridge Market Research, global automatic identification and data capture market is expected to be growing at a healthy CAGR of 12.5% during the forecast period of 2018 to 2025”

Some of the major players operating in the market are Zebra Technologies Corporation, Honeywell International Inc., Datalogic S.p.A., Bluebird Inc., Godex International, Code Corporation, Toshiba Tech Corporation, SATO Holdings Corporation, JADAK Tech, Axicon Auto ID Ltd., Microscan System, Inc., Unitech Electronics Co. Ltd., Opticon Sensors Europe B.V., IMPINJ Inc., Better Online Solutions, TSC Auto ID Technology Co., Ltd., Epson America Inc., Allien Technologies Corporation, Avery Dennison Corporation, Newland Europe B.V., and Seagull Scientific Inc. among others.

One of the major factors that are expected to attribute to the potential growth of the market is the enhancement of supply chain services in the different industries, as well as enhancement of logistics demands from the healthcare industry. Due to the wide range of benefits associated with automatic identification and data capture presenting the consumers with streamlined logistics operations so that they can enhance their supply chain performance without having to burn a hole in their revenues as the integration of these systems are simplified.