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Automatic data capture is a process that involves the automatic identification, collection, and extraction of data from an individual, object, image or sound without manual data entry. Data is captured automatically through the use of equipment such as bar code readers, optical character recognition, radio frequency identification and speech recognition. The captured data file is analysed by the computer and is compared with other data files to provide secure access. The benefits concerning automatic data capture include increased accuracy, enhanced security, better customer service and time-saving.
Automatic Data Capture Market Size & Growth:
The Automatic Data Capture Market size is projected to reach approximately $ XX Billion by the end of 2024 with a CAGR close to X% from $XX Billion in 2018 during the forecast timeline 2018-2024. The Key factors that drive the growth of the market include increased usage of RFID tools in the healthcare sector, need for an error-free and cost-effective solution for data entry, booming e-commerce industry, and others. Raising government initiatives and emerging economies are expected to offer significant opportunities
Automatic Data Capture Market Share:
Various parameters divided the Automatic Data Capture market. By the Technology, they are divided into OCR, OMR, DLR, BCR, RFID, and others. Among them, RFID has the largest market because it enables tag reading from long distances, even in harsh environments. By the Component, they are divided into hardware, software, and services. Among them hardware has the largest market owing to the high quality of imaging and accurately predicts each component that is needed. By end-user, they are divided into retail, transport, logistics, healthcare, food & beverages, automotive, education & IT and others. Among them, the retail sector has the largest market because this sector allows scanning more than one barcode at a time to improve operations across the enterprise. By Geography, North America has the largest market share owing to increased awareness towards the latest technologies and rising popularity of smart industries towards the incorporated RFID solutions in that region.
Automatic Data Capture Market Trends:
Automatic Data Capture Market Research Reports:
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