The business of Automatic identification and Data Capture is expected to grow leaps and bounds by the year 2028. AIDC technologies automatically identifies objects or images, captures data and stores it directly into the computer system without human interference. The technology is used for inventory and asset management across several industries, including retail, manufacturing, transportation and logistics, government, healthcare and hospitality among others.
The growth of AIDC is driven by factors such as increasing need to reduce manual data capture and entry errors, growing government initiatives for the use of AIDC technology, and the increasing use of AIDC systems in the e-commerce sectors. However, high capital expenditure for deploying RFID and biometrics systems and lack of awareness towards AIDC application in developing countries can obstruct the market growth.
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