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According to a new report published by KBV research, the Global Automatic Identification and Data Capture Market size is expected to reach $76.9 billion by 2024, rising at a market growth of 11.4% CAGR during the forecast period.
The Smart Cards market dominated the market by Product Type in 2017. The RFID Products market is expected to witness a CAGR of 13% during (2018 - 2024). Additionally, The Optical Character Recognition (OCR) Systems market is expected to witness a CAGR of 13.5% during (2018 - 2024).
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years.
KBV Cardinal Matrix - Automatic Identification & Data Capture Market
The Asia Pacific market dominated the market by Region in 2017, and would continue to be a dominant market till 2024, growing at a CAGR of 11.1 % during the forecast period. The Europe market is expected to witness a CAGR of 10.6% during (2018 - 2024). Additionally, The North America market is expected to witness a CAGR of 10% during (2018 - 2024).Source: KBV Research Analysis, Company Publications and Secondary Research
The Manufacturing market dominated the market by Vertical in 2017. The Healthcare market is expected to witness a CAGR of 11.8% during (2018 - 2024). Additionally, The Retail market is expected to witness highest CAGR of 13% during (2018 - 2024).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the competition analysis and elaborated company profiles of Datalogic S.P.A., Honeywell International, Inc., Zebra Technologies Corporation, Sick AG, Cognex Corporation, Toshiba Corporation, NEC Corporation, NXP Semiconductors N.V., Synaptics Incorporated, and Sato Holdings.
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