North America Automatic Identification & Data Capture Market By Product Type (Smart Cards Solution, Barcodes & Magnetic Stripe Cards, RFID Products Biometric Systems, Optical Character Recognition Systems), Offering (Hardware, Software, Services), Vertical (Manufacturing, Transportation & Logistics, BFSI, Healthcare, Retail, Government)
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Market Report Description
The North America Automatic Identification & Data Capture Market size would grow at a market growth of 10.6% CAGR during the forecast period. Application of AIDC systems would significantly reduce the need for the dependence on manual labor, as a result, saving both cost and time. AIDC additionally is useful in identifying objects more efficiently and accurately, especially in case of document automation. The restricted access offered by the technology ensures information security. Nevertheless, the cost associated with the adoption of the technology is high, which would limit the market growth.
Based on the product type, the Automatic Identification & Data Capture market is segmented into Smart Cards, Barcodes & Magnetic Stripe Cards, RFID Products, Biometric Systems and Optical Character Recognition (OCR) Systems. Based on the offering, the market is segmented into Hardware, Software and Services. The verticals covered under the report include Manufacturing, Transportation & Logistics, BFSI, Healthcare, Retail, Government and Others. The countries included in the report are US, Canada, Mexico and Rest of North America. The market research report covers the analysis of key stake holders of the North America Automatic Identification & Data Capture Market.
Key companies profiled in the report include 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.