Demand for Portable Barcode Scanner Will Boost Automatic Data Capture Market
LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the global automatic data capture market is expected to reach close to USD 9 billion in revenue by 2019.
This research report titled ‘Global Automatic Data Capture Market 2015-2019’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all leading regions.
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“The availability of customized and innovative products like portable barcode scanners and other mobile computing devices will be a significant driver of market growth. Portable barcode scanners are devices connected to a server by either a wired connection or a wireless mode, such as bluetooth, Wi-Fi, or any other protocol over a radio interface,” said Asif Gani, one of Technavio’s lead analysts for automation research.
“The feature of portability in barcode scanners allows employees to not only use the device at retail counters, but also throughout any given warehouse facility. Instead of carrying bulky objects to the barcode reader, the barcode reader can be carried to the objects for reading. As these scanners are easy to use and highly flexible the market will likely experience a significant rise in the demand for portable scanners over the next four years,” added Asif.
Top three segments of the global ADC market by product 2014-2019
Global ADC market by rugged mobile computers
Rugged mobile computers in the global ADC market include mobile devices that comply by rugged standards such as a higher IP (Internet protocol) rating and the ability to withstand harsh conditions. Although a niche segment, it will likely grow owing to factors such as strong build, water or dust resistance, shock or vibration resistance, and reliability.
Mobile computer suppliers are attempting to create differentiation in value-added deployment and support services. However, a significant factor that is expected to affect the market for these devices is the popularity of smartphones and tablets. With this, Technavio researchers predict the rugged mobile computers market to grow at a CAGR of 3.65% until 2019.
Global ADC market by barcode printers
Barcodes help maintain data accuracy and inventory management. The emergence and adoption of 2D or quick response (QR) barcodes will drive this market. A 2D barcode capacity ranges from 1.5 KB to 3 KB and helps store more information about products, such as the manufacturer name, customer address, and shipment date. Conversely, 1D barcodes have a capacity of only 1 KB.
In 2014, APAC reported the highest sales of barcode printers. Zebra Technologies is the leading vendor in the barcode printers market. The market for these printers is likely to grow at a CAGR of 4.4% until 2019.
Global ADC market by handheld scanner
Portability is a major advantage of handheld scanners over fixed ones. Hence, they are highly preferred in transportation, logistics, and manufacturing industries, which are backed by the growing e-commerce market.
In 2014, global sales from retail e-commerce grew by 20% from previous year, reaching USD 840 billion. Alibaba, a China-based e-commerce company saw growth in its logistics business and invested close to USD 206 million in the market. Thus, an increasing demand for logistics in e-commerce and the high adoption rate of 2D imagers will drive the market for handheld scanners and help it grow at a CAGR of 4.4% until 2019.
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About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. 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.
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