Automatic Data Capture Market Report by Trends, Drivers, and Challenges - 2025

The global Automated Data Capture (ADC) market was valued at approximately US$ 13.84 billion in 2017 and is projected to experience a compound annual growth rate (CAGR) of 6.0% during the forecast period from 2018 to 2025, ultimately reaching around US$ 22.02 billion by 2025. Currently, companies operating within the ADC sector are encountering significant competition, particularly in the realms of scanner hardware and barcode printing. This competitive landscape has prompted vendors to explore innovative strategies to sustain and enhance their market presence while also increasing their overall value. Recently, both new and established players in the market have launched various initiatives aimed at improving their distribution channels to expand their customer base and attract new clients. Notable examples of these initiatives include Honeywell's introduction of the 'Honeywell Ventures' fund, which amounts to US$ 100 million, and Zebra Technologies' expansion of its Zebra Ventures through the Enterprise Asset Intelligence (EAI) program.

The global ADC market is anticipated to show moderate growth in the near future. Key factors driving this growth include the demand for cost-effective and accurate data entry solutions, the rapid expansion of the e-commerce sector in the Asia-Pacific region, and the increasing adoption of RFID technology within the healthcare industry. However, certain challenges are impeding market growth, such as concerns regarding software performance due to third-party outsourcing, complexities related to end-user requirements, and fluctuations in software pricing.

The global ADC market is categorized by end-user segments, which include retail, transportation and logistics, education and IT, automotive, healthcare, and food and beverage, among others. The retail sector is anticipated to lead the ADC market. For the retail industry to operate efficiently, it is crucial to maintain an appropriate balance between supply and demand. Factors such as inventory holding costs, product life cycles, and consumer behavior can be thoroughly analyzed and integrated into operations, resulting in significant cost savings. Capturing data at every operational node within the retail sector allows these end-users to gain comprehensive visibility of products as they progress through various stages, thereby streamlining workflows across different areas.

The overall market size has been determined through a combination of primary and secondary research methods. The research process commences with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, primary interviews are conducted with industry participants and commentators to validate the data and analysis. Participants typically involved in this process include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the ADC sector.