The Automatic Identification and Data Capture Market is expected to grow from USD 40.31 Billion in 2018 to USD 72.00 Billion by 2023, at a CAGR of 12.30% between 2018 and 2023.
The growth of the automatic identification and data capture market is propelled by the growing e-commerce industry, increasing use of Smartphone’s for QR code scanning and image recognition, and rising adoption of automatic identification and data capture solutions by financial institutions. Factors such as rising government regulations and growth opportunities from supply chain management and healthcare industries are expected to support the growth of the automatic identification and data capture market.
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