Global Automatic Identification and Data Capture Market Size study, by Product (Smart cards, RFID systems, Barcoding solutions, Biometric systems, Magnetic stripe cards, Optical character recognition (OCR) systems, Voice-directed WMS, Heads-up displays, Wearables, VR solutions and Google Glass), by Offerings (Hardware, Software and Services), by Vertical (Manufacturing, Retail, Transportation & Logistics, Hospitality, Banking & Finance, Healthcare, Government, Commercial and Energy & power) and Regional Forecasts 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Automatic Identification and Data Capture market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Automatic Identification and Data Capture market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Global Automatic Identification and Data Capture Market is valued approximately at USD 34.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.9% over the forecast period 2020-2027.
Automatic Identification and Data Capture (AIDC) is a device that collects information of an individual, image, object or sound, which is then stored in the data set without human intervention. Automatic Identification and Data Capture systems are used to manage documents, security, assets, inventory, and delivery processes in any industry or enterprise. AIDC systems are used in wide range of applications including retail, manufacturing, government, medicine, transportation, distribution, and many others. The growing e-commerce industry, rising use of smartphones for QR code scanning and image recognition are the few factors responsible for growth of the market over the forecast period. For instance: as per Statista, the global smart phone penetration rate was 33.5% in 2016 and raised to 44.9% in 2020. The surging adoption of AIDC solutions by various financial institutions to ensure customer safety and security, along with data privacy will further accelerate the market growth. Also, as per Statista, the e-commerce share of total retail sales in Vietnam was 1.8% in 2013 and has risen by 8.1% of total retail sales in 2020. Furthermore, the introduction of products and services along with other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 25th November 2019, Panasonic launched an application programming interface (API) for its facial recognition technology in Japan. These API solutions will recognize the whole face with certain parts of the face through the integration of multiple deep learning technologies as well as controlled the errors caused by photographic conditions. Whereas, high installation cost of AIDC solutions is the major factor restraining the growth of global Automatic Identification and Data Capture market during the forecast period.
The regional analysis of global Automatic Identification and Data Capture market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the rising demand for high-speed networks, increasing competition among major players in the networking industry for providing better customer experience, and rising adoption of cloud networking. Many retail and logistics companies are expanding their presence in the region to capitalize on the increased purchasing power of the middle-class people, anticipated to drive the market growth.
Major market player included in this report are:
Honeywell International Inc.
Zebra Technologies Corporation
Getac Technology Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Magnetic stripe cards
Optical character recognition (OCR) systems
Transportation & Logistics
Banking & Finance
Energy & power
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
|covid-19 scenario||Market Behavior/ Level of Risk and Opportunity||End Industry Behavior/ Opportunity Assessment||Expected Industry Recovery Timeline||Business Impact Horizon|
|Opening of Economy by Q3 2020||xx||xx||xx||xx|
|Recovery – Opening of Economy extended till Q4 2020 / Q1 2021||xx||xx||xx||xx|
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
The Study Explore COVID 19 Outbreak Impact Analysis
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Key Points Covered in Automatic Identification and Data Capture Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications, and Classification of Automatic Identification and Data Capture market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Automatic Identification and Data Capture Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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