Automatic Data Capture Market Growth, Size & Analysis by 2025

The automatic data capture market was valued at US$ 13.84 billion in 2017 and is projected to reach US$ 22.02 billion by 2025; it is expected to grow at a CAGR of 6.0% during 2018–2025.

Automatic Data Capture market operates in a highly-fragmented and competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Merger & acquisition is one of the noteworthy market trend to grow and survive in this market, with some of the major companies became leader in this market by pursuing an acquisition strategy. Some of the major such merger and acquisition in past few years is Zebra Technologies acquisition of the Enterprise business of Motorola Solutions. Also, TSC AutoID Technology in 2015 acquired the thermal printing business of Printronix, a thermal label printer provider. Various companies in the value chain are acquiring other players in the market to maintain their position in market and to increase their distribution channel in untapped industry and region.

A significant reduction in time and improvement in accuracy as compared to manual entry can be achieved with the implementation automatic data capture technology. ADC replacement to manual processes has shown incredible benefits in improving process time and increasing inventory accuracy and further cat as initial step towards mobilizing the supply chain. Also, the growing trend of consumer centric product design, and its adoption, is pushing the mobile and handheld devices over bulky, expensive and fixed devices. Advances in mobile devices allow software-based scanners to meet, and many a times surpass, the performance of dedicated devices. The automatic data capture market is further flourishing due to the growing digitalization and e-commerce. Introduction of IoT and Industry 4.0 in this industry is expected to create new opportunities for the global automatic data capture market during the forecasted period.

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Automatic Data Capture Market: Strategic Insights

Market Size Value in	US$ 13.84 Billion in 2017
Market Size Value by	US$ 22.02 Billion by 2025
Growth rate	CAGR of 6.0% from 2018-2025
Forecast Period	2018-2025
Base Year	2018

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Lucrative Regions for Automatic Data Capture Market

Market Insights–Automatic Data Capture Market

Need For a Cost Effective and Error-Free Solution for Data Entry Purposes

In the era of automation, programmed machineries play a vital role in reducing cost and time taken to produce goods or to cater services. The users of applications are enabled to have more control over the sensitive data with features like 24/7 monitoring and security. The biggest advantage of deploying programmed tools such as Automatic Data Capture instruments for organizations is the reduction in the amount of human intervention required. Lesser human intervention leads to lesser errors by any system. The uniformity of results obtained when employed a programmed process gives better opportunity for an organization to achieve higher efficiency as compared to human interactions as such instances. In addition, handling organization data using a software service proves cheaper, efficient and secure than appointing personnel to maintain it. Increasing volume of data will lead to more complexities in storing, maintain and other data operations. These tools can thus be ideally the best technique to reduce complexity in data operation.

In today’s world, data generated or processed for various purposes is exploding and manual entries of such huge amounts of data into the computer system could prove time inefficient and in effective with too many human errors. Rather an intelligent tool, that can on its own capture the required data from the product and store it in the computer in the digital form would prove faster, error-free and time-efficient for the end-user majorly in document processing applications. Thus, this need act as driving factor for the growth of this market.

Technology-Based Market Insights

In the most prominent usage of automatic data capture tools and products, these products are used largely without any manual interferences. Data is captured from the objects that are passed through these ADC products. This information inside an object is called as identification data. The data in the object may be possessed in different forms such as images, finger-prints, voices or texts. A transducer is then used to convert this data into a digital form. Structured, semi-structured and unstructured are the various forms of data available in the objects that need to be processed and stored by the ADC products. Different technologies are used for identification of data from these sources. The most prominent technologies used in data identification and capture include Optical Character Recognition (OCR), Bar Codes Recognition (BCR), RFID and others.

Component- Based Segment Insights

Rapid digitization has enabled a paradigm shift in the way documents were processed earlier and are being processed today. For processing transactions information needs to be captured using various electronic devices and entered into software applications such as ERP, CRM, electronic medical records, HRM, billing systems, financial management systems and many other data based software. These document or data capture systems are powered by high advancements in semiconductor technology and consumer electronics. Further, for the smooth running of operations, the automatic data capture tools require various type of services. Hence, the automatic data capture market has been segmented on the basis of components into hardware, software and services.

End Users-Based Market Insights

Manufacturing companies, retailers, logistic service providers, distributors and transportation companies must be constantly aware of the supply chain, observing the performance of suppliers, trading and transportation partners, delivery times, increasing and changing demand, global competition, inventory and customer service. End-users carry out their activities efficiently and effectively with the help of automatic data capture tools. Solution providers for automatic data capture tools cater their products to a broad range of end-users serving as per the demand of their customers. These End-users are categorized into Manufacturing, Retail, Transportation and Logistics, Education & IT, Healthcare, and others.

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

• In March2018, TSC showcased printer models at LogiMAT.
• In January 2018, SATO has entered into partnership with UNTUCKit to improve inventory management through RFID.
• In January 2018,           SATO has entered into partnership with UNTUCKit to improve inventory management through RFID.
• In December 2017, TSC and Datalogic announce a global strategic alliance agreement.

The Global Automatic Data Capture Market has been segmented as Follows:

Automatic Data Capture Market – By Component

• Hardware
• Software
• Services

Automatic Data Capture Market – By Technology

• OCR
• BCR
• RFID
• Others

Automatic Data Capture Market – By End Users

• Manufacturing
• Retail
• Transportation & Logistics
• Education & IT
• Healthcare
• Others

Automatic Data Capture Market – By Geography

• North America

• US
• Canada
• Mexico

• Europe

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

• Asia Pacific

• China
• India
• Australia
• South Korea
• Japan
• Rest of Asia Pacific

• Middle East and Africa

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa

• South America

• Brazil
• Argentina
• Rest of South America

Company Profiles

• Bluebird, Inc.
• CIPHERLAB Co., Ltd.
• Cognex Corporation
• Datalogic S.p.A, Toshiba International Corporation
• Denso Wave Inc.
• Eutronix S.A.
• Honeywell International Inc.
• Ingram Micro Inc. (HNA Group)
• Microscan Systems, Inc. (Omron Corporation)
• SATO Holdings Corporation
• ScanSource, Inc.
• SICK AG
• TSC Auto ID Technology Co., Ltd.
• Zebra Technologies Corporation