December 28 2017:Three Indian entities-- Intellicon, Essae Technologys and Intercode Solutions -- in the Industrial Internet of Things (IoT) & AIDC (Automatic Identification & Data Capture) space, are coming together to exploit the strengths of the individual companies. The merged entity will be known as QodeNext.
Intellicon has strength in providing software solutions, Essae in self-adhesive label manufacturing and Intercode in ribbons manufacturing. Combining these strengths will give a huge cross selling opportunity for the combined entity and provide the customer with a total automation solution under one roof.
All three are partners for Zebra Technologies Corporation, a leader in industrial, commercial and mobile printing applications with presence in more than 100 countries worldwide.
The new Rs billion ( Rs 100) QodeNext would position itself to serve the requirements of many of its existing customers in the markets they operate. Intellicon can offer Track and Trace, Warehouse Management, Asset Management solutions to existing customers of Intercode and Essae. Essae will offer consumable solutions in the form of self adhesive labels and ribbons to the combined client base. The new products will serve the iOT, Manufacturing 4.0 and Artificial Intelligence needs of our existing and new customers.
The AIDC (Automatic Identification & Data Capture) market in India is only at start of hyper-growth stage, there is a lot of potential for growth in this space. With the GST implementation there is a tremendous opportunity in areas like logistics, warehousing, factory automation, e-commerce, etc. Solutions offered as a merged entity has a great potential to move into markets outside India as well. There is over 150 companies (large and small) operating in this space. There would certainly be competition but the value offerings of the new entity would put them in a very good stead.
The Global Automatic Identification & Data Capture (AIDC) Market is expected to reach $ 71,749.4 million by 2022, at a CAGR of 11.0% during the forecast period of 2017 to 2022. The global AIDC market is mainly driven by growing need to eliminate manual data capture & entry errors, rising government legislatives on the use of AIDC technology, various technological advancements, and growing e-commerce industry. In addition, growing healthcare sector and emerging economies are expected to offer significant opportunities for the market growth during . The global AIDC market is mainly segmented by product (Barcode Printers, Barcode Verifiers, Barcode Scanners, RFID Devices, Magnetic Stripe Reader, Smart Card Reader, Biometrics, Optical Character Recognition, and Mobile Computers), by vertical (Manufacturing, Retail, Transportation & Logistics, Banking & Financial, Healthcare, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).