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Global automatic data capture market: 12.3% CAGR estimated between 2012-16
Global Automatic Data Capture Market 2012-2016 - a new market research report on 2014-04-17 07:21:02
The Global Automatic Data Capture market is to grow at a CAGR of 12.29 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for accuracy in data computation. The Global Automatic Data Capture market has also been witnessing the introduction of multipurpose mobile computers. However, the high initial investment needed to implement 2D barcode scanners and radio frequency identification devices could pose a challenge to the growth of this market.

2D barcode scanners are used to scan 2D barcodes, such as QR, Data Matrix, and PDF417 as they cannot be read/scanned by traditional linear scanners. They require an imager scanner to be read/scanned. 2D scanners can also be used as a camera. They lack moving parts which make them more reliable and less prone to failure. 2D scanners are also capable of scanning both 1D and 2D barcodes from any angle. Thus, the increasing use of 2D barcodes on the products/tags and the advanced features present in 2D barcode scanners have increased the demand for 2D barcode scanners in the global market.

The Global Automatic Data Capture market is driven by many growth factors, one of which is the adoption of 2D barcodes. 2D barcodes are superior and can accommodate more information than its 1D counterpart. The increasing adoption of 2D barcodes has propelled the demand for 2D barcode readers which, in turn, is helping with the market growth.

The high initial investment needed to implement 2D barcode scanners and RFID devices is a major challenge faced by the global market. 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.

The key vendors dominating this space include Motorola Solutions Inc., Honeywell International Inc., Datalogic S.p.A., and Intermec Inc.

The other vendors mentioned are Casio Computer Co. Ltd., Denso Corp., NCR Corp., ODIN Technologies Inc., ScanSource Inc., Tech Data Corp., Vectron Systems AG, and VeriFone Systems Inc.

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