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Automatic Identification and Data Capture Market Growth Potential & Forecast, 20

Based on technology, the market share from the biometrics segment is anticipated to gain significant traction from 2023-2032 owing to growing application in the healthcare, finance, and retail verticals to ensure robust authentication and streamlined data capture. The rising demand for secure and efficient identification methods coupled with the continuous technological advancements are further fueling the segment growth.

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Automatic Identification and Data Capture Market Growth Potential & Forecast, 20

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  1. Automatic Identification and Data Capture Market Growth Analysis & Forecast Report | 2024-2032

  2. Industry Insights • Automatic Identification and Data Capture Market size is projected to expand at 13.5% CAGR from 2023-2032 driven by the rollout of digital transformation initiatives across several industries. • Woth organizations embracing digital technologies to enhance operational efficiency, automatic identification and data capture (AIDC) solutions are playing a pivotal role in automating data capture processes. Barcode scanners, RFID systems, and biometrics help facilitate accurate and efficient identification, tracking, as well as management of assets, products, and information. Across the healthcare, logistics and retail sectors, the integration of AIDC technologies is helping match the broader digital transformation goals for streamlining workflows and ensuring real-time visibility.

  3. Furthermore, the ongoing introduction of advanced technologies to address the evolving market demands for efficient data capture will foster the industry growth. For instance, in May 2023, Newland AIDC introduced its first label printer, the NLS-LP410, as the newest addition to its extensive product portfolio, comprising mobile terminals, barcode scanners, OEM scan engines, and interactive kiosks. • The automatic identification and data capture industry is segmented into component, technology, end-user, and region. • Based on technology, the market share from the biometrics segment is anticipated to gain significant traction from 2023-2032 owing to growing application in the healthcare, finance, and retail verticals to ensure robust authentication and streamlined data capture. The rising demand for secure and efficient identification methods coupled with the continuous technological advancements are further fueling the segment growth.

  4. Regional Analysis • Regionally, the Asia Pacific automatic identification and data capture market held sizable revenue share in 2022 and is anticipated to expand at a notable CAGR from 2023-2032. Several industries mainly across China, Japan, and India are rapidly digitizing their operations, further surging the demand for efficient data capture and management solutions. • Competitive Analysis • Panasonic Corporation • Denso Global • Honeywell International Inc • Toshiba corporation • Thales Group • Zebra Technologies Corporation • NCR Corporation

  5. Automatic Identification and Data Capture Market@ https://www.gminsights.com/industry-analysis/automatic-identification-and-data-capture-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/7395 Request for customization: https://www.gminsights.com/roc/7395

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