Enterprise AIDC market sees growth with TVS Electronics' expanded presence
India's track and trace sector, which relies on Automatic Identification and Data Capture (AIDC) technologies like RFID, barcodes, and GPS for asset tracking and inventory management, is part of a rapidly expanding global market. The asset tracking and inventory management solutions market, including AIDC technologies, is projected to grow at a Compound Annual Growth Rate (CAGR) of approximately 11.2% between 2024 and 2030, reaching a valuation of around USD 32.5 billion by 2030[2].
One company contributing to this growth is TVS Electronics, a technology company known for its data capture, automation, and barcode solutions, which are integral parts of AIDC technology. TVS Electronics has recently launched Enterprise Automatic Identification and Data Capture (AIDC) solutions to help Indian businesses digitize their operations[1].
TVS Electronics' AIDC portfolio includes a range of products designed to meet the needs of various industries. Their offerings include mobile computers, rugged scanners, high-definition scanners, and industrial-grade label printers. These solutions are tailored to provide practical, scalable technology for inventory, tracking, and data management[3].
To cater to the needs of businesses, TVS Electronics collaborates with Independent Software Vendors (ISVs) and system integrators for enterprise growth. This strategic collaboration allows them to offer customizable solutions that meet the unique requirements of each business[1].
In addition to their AIDC solutions, TVS Electronics provides Real-Time Locating Systems (RTLS) for intelligent tracking solutions. Their high-definition scanners are precision scanners suitable for electronics industries requiring barcode scanning below 3 mil size[1].
TVS Electronics' solutions offer real-time analytics for improved decision-making. They also provide AI-powered insights for enhanced operational efficiency. These insights integrate seamlessly with ERP platforms like SAP and Oracle[1].
TVS Electronics' solutions are backed by a strong service network, ensuring quick maintenance for its AIDC solutions. They also offer end-to-end solutions, including sales, refurbished equipment auctions, and warehouse management systems (WMS)[1].
TVS Electronics aims to make AIDC solutions accessible to all businesses. With one of the largest service networks in India, they deliver industry-best turnaround times and exceptional customer support, making them a reliable one-stop solution for businesses[1].
As the Indian track and trace sector continues to grow, companies like TVS Electronics are key enablers of this growth through product innovation and system integration. Although precise quantification of TVS Electronics' impact is not available in the provided data, their contributions are evident in the expanding market[1][2][3].
The Indian track and trace sector, driven by strong manufacturing growth and digital adoption, is poised for robust growth in the coming years. With TVS Electronics' entry into the market, businesses can expect to see improved efficiency, digitization, and innovation in their operations[1].
[1] TVS Electronics. (n.d.). Retrieved from https://www.tvsel.com/ [2] MarketsandMarkets. (2021). Global Asset Tracking and Inventory Management Market Size, Share & Industry Analysis, By Component, By Type, By Deployment Model, By Organization Size, By Vertical, and Regional Forecast, 2024 – 2030. Retrieved from https://www.marketsandmarkets.com/PressReleases/asset-tracking-and-inventory-management.asp [3] India Brand Equity Foundation. (2021). Track and Trace Market in India. Retrieved from https://www.ibef.org/industry/track-and-trace-market-in-india.aspx
- TVS Electronics, a major player in the technology industry, contributes to the finance sector by offering Enterprise Automatic Identification and Data Capture (AIDC) solutions that help Indian businesses digitize their operations in the business domain.
- In the realm of the rapidly expanding global market for asset tracking and inventory management solutions, TVS Electronics' AIDC portfolio, including mobile computers, rugged scanners, high-definition scanners, and industrial-grade label printers, positions them as a technology provider catering to various industries.
