Identity Document (ID) Barcode Reading in Factory Automation Market to Reach USD 3,753.16 Mn

The identity document (ID) barcode reading in factory automation market is expected to gain market growth in the forecast period of 2022 to 2029.

A barcode reader for identity documents is a machine that converts encoded data into alphanumeric digits. Barcodes are the most widely used type of encoding and are utilized in a variety of industries. ID barcode readers help supply chain managers track stock keeping units (SKUs) and shipment information while eliminating the flaws and errors that plague the old method.

Data Bridge Market Research analyses the automated passenger counting and information system market to exhibit a CAGR of 6.50% for the forecast period of 2022-2029 and is likely to reach the value USD 3,753.16 million by 2029.

The growing need for specific machine systems especially in the developing economies and rise in the advancements in production technology are the key elements driving market expansion.