The automatic data capture market size is projected to reach US$ 93.58 billion by 2031 from US$ 38.06 billion in 2023. The market is expected to register a CAGR of 11.9% in 2023—2031. The growing e-commerce industry globally and the increasing use of smartphones are likely to remain key automatic data capture market trends.
Automatic Data Capture Market Analysis
Growing e-commerce globally, the use of smartphones for QR code scanning and image recognition, the rising adoption of AIDC solutions because they reduce transaction times and queuing times and give users more convenience when making small-value payments, and the rapidly increasing use of AIDC solutions by banking and other institutions are some of the key factors driving the growth of this market.
Automatic Data Capture Market Overview
The process of scanning, recognizing, capturing, evaluating, recording, and saving data from a person, video, picture, or audio without the need for manual entry is known as automatic data capture or ADC. AIDC systems are frequently used for asset management, inventory control, delivery, document scanning, and security. Among the industries served by AIDC's industrial applications include distribution, retail and warehousing, food and beverage, chemical, pharmaceutical, automotive, and retail.
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Automatic Data Capture Market: Strategic Insights
Automatic Data Capture Market
-
CAGR (2023 - 2031)
11.9%
-
Market Size 2023
US$ 38.06 Billion
-
Market Size 2031
US$ 93.58 Billion
Market Dynamics
GROWTH DRIVERS
- Growing the e-commerce Industry Globally to Favor Market
FUTURE TRENDS
- Technological advancements
OPPORTUNITIES
- Executing Government Regulations and Adoption of ADC Solutions.
Key Players
- Bluebird Inc
- CipherLab Co., Ltd.
- DENSO WAVE INCORPORATED
- Ingram Micro
- Entronix
- SATO Holdings Corporation
- ScanSource, Inc.
- SICK AG
- TSC Auto ID Technology
- Datalogic S.p.A.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- OCR
- BCR
- RFID
- Others
Components
- Hardware
- Software
- Services
End-users
- Manufacturing
- Retail
- Transportation & Logistics
- Education & IT
- Healthcare
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automatic Data Capture Market: Strategic Insights
-
CAGR (2023 - 2031)11.9% -
Market Size 2023
US$ 38.06 Billion -
Market Size 2031
US$ 93.58 Billion
Market Dynamics
- Growing the e-commerce Industry Globally to Favor Market
- Technological advancements
- Executing Government Regulations and Adoption of ADC Solutions.
Key Players
- Bluebird Inc
- CipherLab Co., Ltd.
- DENSO WAVE INCORPORATED
- Ingram Micro
- Entronix
- SATO Holdings Corporation
- ScanSource, Inc.
- SICK AG
- TSC Auto ID Technology
- Datalogic S.p.A.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology - OCR
- BCR
- RFID
- Others
Components - Hardware
- Software
- Services
End-users - Manufacturing
- Retail
- Transportation & Logistics
- Education & IT
- Healthcare
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Automatic Data Capture Market Drivers and Opportunities
Growing the e-commerce Industry Globally to Favor Market
Products for automatic identification and data collection, such as wearables, radio frequency identification (RFID) systems, and barcoding solutions, are essential to warehouse management and the e-commerce sector. The e-commerce sector benefits from the deployment of AIDC technology in a number of ways, including automatic item identification, highly accurate and precise data collection, and electronic data entry into computer systems. The system maintains accurate records of inventory accounts, human resources, and general procedures, which contributes to increased overall productivity and operational efficiency.
Executing Government Regulations and Adoption of ADC Solutions.
Government rules requiring the use of automated data collection can establish a uniform framework and encourage companies to spend money on complying products. This need may spur competition and innovation in the market for autonomous data capture, resulting in the development of more sophisticated, effective, and affordable solutions. It can also broaden the market as other sectors and areas embrace these technologies in order to comply with regulations, opening up new business potential for companies in this market.
Automatic Data Capture Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automatic data capture market analysis are technology, components, and end-users.
- Based on technology, the automatic data capture market is divided into OCR, BCR, RFID, and others. The OCR segment is anticipated to grow in the forecast period.
- By components, the market is segmented into hardware, software, and services. The software segment is anticipated to grow in the forecast period.
- Based on end-users, the automatic data capture market is divided into manufacturing, retail, transportation & logistics, education & IT, healthcare, and others. The manufacturing segment is anticipated to grow in the forecast period.
Automatic Data Capture Market Share Analysis by Geography
The geographic scope of the automatic data capture market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the automatic data capture market. High technology adoption trends in various industries in the North American region have fuelled the growth of the automatic data capture market. This high percentage can be ascribed to rising government investment and legislation, especially in the manufacturing, retail, and healthcare sectors, as well as rising knowledge of and usage of AIDC devices. The development of various sectors and the general acceptance of new technologies are also propelling the growth of the regional market. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. All these factors contribute to the region's growth of the automatic data capture market.
Automatic Data Capture Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 38.06 Billion |
| Market Size by 2031 | US$ 93.58 Billion |
| Global CAGR (2023 - 2031) | 11.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Automatic Data Capture Market News and Recent Developments
The automatic data capture market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In July 2023, - Socket Mobile announced the launch of the DuraScan Wear DW930, the first wearable addition to its DuraScan product line. The DW930 is a state-of-the-art, wearable laser barcode scanner designed to meet the growing demands of industries such as warehousing, manufacturing, and distribution. With an emphasis on speed, flexibility, and precision, the DW930 provides a hands-free scanning solution ideal for work environments that often require the use of both hands.
(Source: Socket Mobile, Press Release, 2023)
- In June 2023, Tidypay and Global Auto ID Ltd partnered, where its payment services and Global Auto ID Ltd’s distribution strategies will help enter, establish and further expand Tidpay’s combined offerings in new markets.
(Source: Tidypay, Press Release, 2023)
Automatic Data Capture Market Report Coverage and Deliverables
The "Automatic Data Capture Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology , and Components ; End-users
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global automatic data capture market is expected to reach US$ 93.58 billion by 2031.
The key players holding majority shares in the global automatic data capture are Bluebird Inc., CipherLab Co., Ltd., DENSO WAVE INCORPORATED, Ingram Micro, Entronix, SATO Holdings Corporation, ScanSource, Inc., SICK AG, TSC Auto ID Technology, Datalogic S.p.A.
Executing government regulations and adoption of ADC solutions is anticipated to play a significant role in the global automatic data capture market in the coming years.
The growing e-commerce industry globally and the increasing use of smartphones are the major factors that propel the global automatic data capture market growth.
The global automatic data capture market was estimated to be US$ 38.06 billion in 2023 and is expected to grow at a CAGR of 11.9 % during the forecast period 2024 - 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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