- TechNavio analysts predict the market to grow at 12.29 percent for 2012-2016
- Americas followed by the APAC region to dominate more than 70 per cent of the market in 2016
Increasing adoption of 2D barcodes has been one of the primary drivers for the growth of the Global Automatic Data Capture Market as pre the latest research findings by the analysts from TechNavio. As per analysis, the market will be growing at a CAGR of 12.29 percent during the forecast period 2012-2016.
However, the high initial investment needed to implement 2D barcode scanners and RFID devices is a major challenge faced by the market globally. 2D barcodes scanners are expensive when compared with its 1D counterpart. SMEs are also finding it difficult to install RFID in business operations because of its high cost.
Despite the presence of certain challenges, the Global Automatic Data Capture Market is showing immense potential and expected to grow over the forecast period because of certain positive trends emerging in the market, like increasing demand for 2D barcode scanners.
“With this market being divided into two segments: the Barcode Scanning segment and the RFID segment, it is expected there will be increasing application of automatic data capture equipment in various industries such as: warehousing and storage, retail, healthcare, transportation and logistics, hospitality and entertainment, livestock, and others. This will aid in rapid adoption of these products geographically and help in increasing sales,” said TechNavio’s senior analyst and co-author of this report.
Global RFID Market Vs. Global Barcode Scanning Market by Growth Rate 2012-2016
Source: TechNavio Analysis
In terms of revenue generation, the Barcode Scanning segment receives revenue from the sale of three major products: Mobile Computers, Handheld Scanners, and POS Retail Scanners. The RFID segment also receives revenue from the sale of its three major products: RFID Tags, RFID Readers, and RFID Networking, Software, and Services.
The reports focus on some of the drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Automatic Data Capture Market 2012-2016. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information on this topic and our upcoming research on https://www.technavio.com/report/global-automatic-data-capture-market-2012-2016 please send an e-mail to enquiry@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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