Automatic Data Capture (ADC) Market Analysis North America,APAC,Europe,South America,Middle East and Africa - US,China,Japan,UK,Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 185 SKU: IRTNTR44745

Automatic Data Capture (ADC) Market Forecast 2023-2027

The automatic data capture (ADC) market size is forecast to increase by USD 36.48 billion, at a CAGR of 11.75% between 2022 and 2027. The market's growth hinges on various factors, notably the rise of smart factories and the increasing prominence of big data analytics. Smart factories, leveraging advanced automation and connectivity, drive efficiency and productivity, fueling demand for automatic data capture solutions. Concurrently, the surging demand for 2D wearable scanners amplifies market expansion, catering to diverse industries with their versatility and portability. Furthermore, the pervasive adoption of big data analytics empowers businesses to glean valuable insights, driving strategic decision-making and operational optimization. Together, these trends propel the automatic data capture market forward, offering innovative solutions to meet evolving industry needs and capitalize on the opportunities presented by the digital transformation era.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by product (RFID, barcode scanner, barcode printer, and wearable scanners), application (industrial, financial security, retail, T&l, and healthcare and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

In the market, diverse technologies like barcodes, biometrics, and voice recognition are driving growth. Companies like Toshiba and Godex lead innovation in scanner and reader solutions, improving efficiency and accuracy while preventing errors. The demand for biometric systems and QR codes is rising, especially in forensic sciences and criminal identification. However, challenges persist, including human errors and operational expenses. As industries seek to enhance technology for automated identification and data capture, overcoming these hurdles will be crucial for sustained market expansion. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising demand for better inventory management systems is the key factor driving the growth of the global automatic data capture market. The process of inventory management involves tracking, inventorying, and forecasting future inflows or outflows of raw materials and goods. In manufacturing or production, it is necessary to know what inventory is stored or replenished and to track the movement of components within the production line. Inventory levels represent the number of resources invested in the final product. Improper inventory management directly affects business loss. In the past, inventory was tracked manually or with a barcode system.

Moreover, the emergence of ADCs with technologies such as RFID allows businesses to ensure that orders are linked to the amount of inventory that needs to be replenished. Moreover, with the use of RFID systems, information can be fed into the database faster compared with manual data feeding. RFID systems help in avoiding theft by tracking the inventory. They can also be used to analyze demand trends by observing which items are leaving the inventory fast. Thus, rising demand for better inventory management systems is expected to drive the growth of the global ADC market during the forecast period.

Significant Market Trends

The growing popularity of big data is the primary trend shaping the market growth. Big data refers to many data sets that are analyzed computationally to identify trends and patterns, especially those associated with human behavior and interactions. It is a collection of a large amount of different data, which includes digital transactions, processes, and social media. The information is collected from different systems, mobiles, and sensors. Firms use analytics to study customer behavior, future products, and user requirements, for instance, ordering a product online by providing details, such as name, residential address, and e-mail address. Such data plays an important role in the success of e-commerce giants such as Amazon.com.

ADC devices, such as barcode scanners, self-checkout systems, and rugged mobile computers, are used to read data from barcodes. This data plays a critical role in providing improved business analytics, which is also called big data. Barcodes provide data, which includes the product type, number of products sold, demography of buyers, and number of products left in the inventory. This integration of ADC with big data will benefit many industries, such as manufacturing, healthcare, transportation, and logistics. It will provide data that can be used to improve business and increase customer satisfaction. Thus, the growing popularity of big data is one of the major trends for the growth of the market during the forecast period.

Major Market Challenge

Operational issues are a major challenge impeding the growth of the market. Sometimes, the barcode scanner did not capture the correct data and entered incorrect information into the database. These barcode errors can be caused by misprinting the barcode or not meeting the resolution requirements of the scanner. Dirty scanners can also cause data to enter the system incorrectly. These factors affect the end user's image of the brand and pose a major challenge for barcode scanner retailers and manufacturers. Increased deviations and errors when using barcode scanners are a major challenge for end users in the market. RFID readers are of two types, namely handheld and fixed RFID readers, which are connected to a computer system.

An RFID reader functions on three different sets of frequencies, which include LF, HF, and UHF. LF has a short read range distance, which covers only up to one foot. An HF reader can cover up to 1-3 feet, whereas a UHF reader can cover a range of 25-100 feet. Fixed RFID readers are ideal for warehouse, asset tracking, and theft prevention applications. In the case of fixed RFID readers, end-users usually witness coverage issues where the read range is very small, and the end-user has to walk the floor and cover all the corners of the warehouse using a mobile or handheld RFID reader. Furthermore, with fixed readers, end-users need to purchase multiple RFID readers, which leads to high servicing and maintenance costs. This limitation of fixed RFID readers hinders their adoption in the market. Thus, the operational issues are halting the growth of the global ADC market during the forecast period.

Customer Landscape

The report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alien Technology LLC: The company offers ADC such as ALR F800, which provides the industry's best Power over Ethernet transmit power and performance.

The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Avery Dennison Corp.
  • B O S Better Online Solutions Ltd.
  • Bluebird Inc.
  • CipherLab Co. Ltd.
  • Cognex Corp.
  • Datalogic Spa
  • DENSO Corp.
  • Honeywell International Inc.
  • Impinj Inc.
  • Janam Technologies LLC
  • Motorola Solutions Inc.
  • Newland Europe BV
  • OMRON Corp.
  • Opticon Sensors Europe BV
  • Panasonic Holdings Corp.
  • SATO Holdings Corp.
  • TSC Auto ID Technology Co. Ltd.
  • Unitech Computer Co. Ltd.
  • Zebra Technologies Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

Market Segmentation is a multifaceted landscape driven by various technologies and tools such as bar codes, transducers, biometric scanners, printers and recorders, smart cards, magnetic strips, barcode readers, and counting mechanisms. Bar codes serve as ubiquitous identifiers, while transducers convert physical signals into digital data. Biometric scanners offer advanced authentication, and printers and recorders facilitate documentation. Smart cards and magnetic strips store crucial information, while barcode readers ensure accurate data capture. However, challenges like incorrect data capture persist, emphasizing the need for robust solutions to track medication, streamline care admission, and identify patients accurately. As technology evolves, the ADC market continues to expand, with innovations enhancing efficiency and security, notably exemplified by the transition from traditional magnetic stripe cards to more advanced methods.

The market share growth by the RFID segment will be significant during the forecast period. The growth of this segment is driven by the growth of the e-commerce market and the increase in the integration of technologies such as the integration of various back-end systems (customer relationship management (CRM), enterprise resource planning (ERP), and e-commerce websites. 

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The RFID segment was valued at USD 21.04 million in 2017 and will continue to grow by 2021. RFID technologies are gaining high traction in the healthcare sector, where hospitals have started adopting innovative technologies to maintain and access critical hospital records and patient information. Smart cabinets, which are based on RFID technology, help reduce manual efforts to maintain, track, and manage medical inventory. RFID also helps to reduce the loss and misplacement of supplies, minimizes theft and malpractice risks, and increases savings by effectively utilizing expensive hospital equipment and machinery. Retailers, healthcare institutions, and discrete manufacturers are the major users of RFID smart cabinets. The need for inventory management is critical to these businesses. Such factors will increase segment growth during the forecast period.

Which are the Key Regions for the Market?

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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is growing significantly due to the increasing adoption of concepts such as smart factories in North America. ADC is used in various processes of smart factories and industries to reduce manual work and increase the accuracy of inventory tracking.

Thus, the increase in investment in smart factories and the emergence of Industry 4.0 have led to the development of digital and physical systems that enable machine-to-machine (M2M) communication using RFID and barcode. This is also expected to drive the ADC market in the region. With the emergence of Industry 4.0, the industrial sector is using data stored in RFID tags and barcodes to provide more flexible and efficient manufacturing of customized products. This also facilitates the industrial sector with more automation and standardization. Such factors will increase the market growth in this region during the forecast period.

Segment Overview

The Market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook 
    • RFID
    • Barcode scanner
    • Barcode printer
    • Wearable scanners
  • Application Outlook 
    • Industrial
    • Financial security
    • Retail
    • T and L
    • Healthcare and others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview 

In the ever-evolving landscape of the market, businesses leverage a diverse array of technologies to streamline operations and bolster security. Key components like transducers and printers and recorders facilitate seamless data conversion and documentation. The advent of optoelectronics and smartphone use has revolutionized ADC, enabling convenient methods such as QR code scanning and image recognition. However, this progress is met with challenges like malware attacks and security breaches, underscoring the importance of robust measures like thermal barcode and radiofrequency identification to safeguard data. The integration of cloud computing enhances accessibility while addressing concerns of data security. The ADC market witnesses growing adoption driven by benefits like reduced queueing and transaction time. From barcode scanning to iris and facial recognition, technologies span a wide category, catering to diverse needs, from patient admittance processes to retail transactions. Amidst the convenience of technologies, managing security remains paramount, with solutions like optical character recognition and smartcards mitigating risks.

Market Scope

Report Coverage

Details

Page number

185

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.75%

Market growth 2023-2027

USD 36.48 billion 

Market structure

Fragmented

YoY growth 2022-2023(%)

10.75

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

Alien Technology LLC, Avery Dennison Corp., B O S Better Online Solutions Ltd., Bluebird Inc., CipherLab Co. Ltd., Cognex Corp., Datalogic Spa, DENSO Corp., Honeywell International Inc., Impinj Inc., Janam Technologies LLC, Motorola Solutions Inc., Newland Europe BV, OMRON Corp., Opticon Sensors Europe BV, Panasonic Holdings Corp., SATO Holdings Corp., TSC Auto ID Technology Co. Ltd., Unitech Computer Co. Ltd., and Zebra Technologies Corp.

Market dynamics

Parent market growth analysis, Market Forecasting Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automatic data capture (ADC) market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global automatic data capture (adc) market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 RFID - Market size and forecast 2022-2027
      • Exhibit 34: Chart on RFID - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on RFID - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on RFID - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on RFID - Year-over-year growth 2022-2027 (%)
    • 6.4 Barcode scanner - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Barcode scanner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Barcode scanner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Barcode scanner - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Barcode scanner - Year-over-year growth 2022-2027 (%)
    • 6.5 Barcode printer - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Barcode printer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Barcode printer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Barcode printer - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Barcode printer - Year-over-year growth 2022-2027 (%)
    • 6.6 Wearable scanners - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Wearable scanners - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Wearable scanners - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Wearable scanners - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Wearable scanners - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ million)
      • Exhibit 51: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 Industrial - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.4 Financial security - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Financial security - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Financial security - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Financial security - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Financial security - Year-over-year growth 2022-2027 (%)
    • 7.5 Retail - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Retail - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Retail - Year-over-year growth 2022-2027 (%)
    • 7.6 T and L - Market size and forecast 2022-2027
      • Exhibit 68: Chart on T and L - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on T and L - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on T and L - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on T and L - Year-over-year growth 2022-2027 (%)
    • 7.7 Healthcare and others - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Healthcare and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Data Table on Healthcare and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Chart on Healthcare and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Healthcare and others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 76: Market opportunity by Application ($ million)
      • Exhibit 77: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 80: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 119: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 120: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 121: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ million)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 Alien Technology LLC
              • Exhibit 131: Alien Technology LLC - Overview
              • Exhibit 132: Alien Technology LLC - Product / Service
              • Exhibit 133: Alien Technology LLC - Key offerings
            • 12.4 Avery Dennison Corp.
              • Exhibit 134: Avery Dennison Corp. - Overview
              • Exhibit 135: Avery Dennison Corp. - Business segments
              • Exhibit 136: Avery Dennison Corp. - Key news
              • Exhibit 137: Avery Dennison Corp. - Key offerings
              • Exhibit 138: Avery Dennison Corp. - Segment focus
            • 12.5 B O S Better Online Solutions Ltd.
              • Exhibit 139: B O S Better Online Solutions Ltd. - Overview
              • Exhibit 140: B O S Better Online Solutions Ltd. - Business segments
              • Exhibit 141: B O S Better Online Solutions Ltd. - Key offerings
              • Exhibit 142: B O S Better Online Solutions Ltd. - Segment focus
            • 12.6 Bluebird Inc.
              • Exhibit 143: Bluebird Inc. - Overview
              • Exhibit 144: Bluebird Inc. - Product / Service
              • Exhibit 145: Bluebird Inc. - Key offerings
            • 12.7 Cognex Corp.
              • Exhibit 146: Cognex Corp. - Overview
              • Exhibit 147: Cognex Corp. - Product / Service
              • Exhibit 148: Cognex Corp. - Key offerings
            • 12.8 Datalogic Spa
              • Exhibit 149: Datalogic Spa - Overview
              • Exhibit 150: Datalogic Spa - Business segments
              • Exhibit 151: Datalogic Spa - Key news
              • Exhibit 152: Datalogic Spa - Key offerings
              • Exhibit 153: Datalogic Spa - Segment focus
            • 12.9 Honeywell International Inc.
              • Exhibit 154: Honeywell International Inc. - Overview
              • Exhibit 155: Honeywell International Inc. - Business segments
              • Exhibit 156: Honeywell International Inc. - Key news
              • Exhibit 157: Honeywell International Inc. - Key offerings
              • Exhibit 158: Honeywell International Inc. - Segment focus
            • 12.10 Janam Technologies LLC
              • Exhibit 159: Janam Technologies LLC - Overview
              • Exhibit 160: Janam Technologies LLC - Product / Service
              • Exhibit 161: Janam Technologies LLC - Key offerings
            • 12.11 Newland Europe BV
              • Exhibit 162: Newland Europe BV - Overview
              • Exhibit 163: Newland Europe BV - Product / Service
              • Exhibit 164: Newland Europe BV - Key offerings
            • 12.12 OMRON Corp.
              • Exhibit 165: OMRON Corp. - Overview
              • Exhibit 166: OMRON Corp. - Business segments
              • Exhibit 167: OMRON Corp. - Key news
              • Exhibit 168: OMRON Corp. - Key offerings
              • Exhibit 169: OMRON Corp. - Segment focus
            • 12.13 Panasonic Holdings Corp.
              • Exhibit 170: Panasonic Holdings Corp. - Overview
              • Exhibit 171: Panasonic Holdings Corp. - Business segments
              • Exhibit 172: Panasonic Holdings Corp. - Key news
              • Exhibit 173: Panasonic Holdings Corp. - Key offerings
              • Exhibit 174: Panasonic Holdings Corp. - Segment focus
            • 12.14 SATO Holdings Corp.
              • Exhibit 175: SATO Holdings Corp. - Overview
              • Exhibit 176: SATO Holdings Corp. - Business segments
              • Exhibit 177: SATO Holdings Corp. - Key offerings
              • Exhibit 178: SATO Holdings Corp. - Segment focus
            • 12.15 TSC Auto ID Technology Co. Ltd.
              • Exhibit 179: TSC Auto ID Technology Co. Ltd. - Overview
              • Exhibit 180: TSC Auto ID Technology Co. Ltd. - Product / Service
              • Exhibit 181: TSC Auto ID Technology Co. Ltd. - Key offerings
            • 12.16 Unitech Computer Co. Ltd.
              • Exhibit 182: Unitech Computer Co. Ltd. - Overview
              • Exhibit 183: Unitech Computer Co. Ltd. - Product / Service
              • Exhibit 184: Unitech Computer Co. Ltd. - Key offerings
            • 12.17 Zebra Technologies Corp.
              • Exhibit 185: Zebra Technologies Corp. - Overview
              • Exhibit 186: Zebra Technologies Corp. - Business segments
              • Exhibit 187: Zebra Technologies Corp. - Key news
              • Exhibit 188: Zebra Technologies Corp. - Key offerings
              • Exhibit 189: Zebra Technologies Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 190: Inclusions checklist
                • Exhibit 191: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 192: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 193: Research methodology
                • Exhibit 194: Validation techniques employed for market sizing
                • Exhibit 195: Information sources
              • 13.5 List of abbreviations
                • Exhibit 196: List of abbreviations
              • demand for infrastructure-as-a-service (IaaS): The ongoing migration from on-premise infrastructure to cloud-based services is having an impact on the revenues of original equipment manufacturers (OEMs) of servers, albeit the adverse impact on them is slightly milder than the effect on storage equipment. The emergence of IaaS has had a strong impact on the IT hardware market. The biggest advantage of IaaS is that it allows enterprises to scale operations or introduce innovations in the workflow without the need to make substantial investments in storage and servers for the traditional on-premise hardware environment. At the same time, cloud-focused infrastructure spending is expected to increase in terms of server, disk storage, and networking hardware.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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