AIDC Systems Application Software to Grow 8.8% by 2007

4/9/2004 - According to a recent report by Venture Development Corporation, Global Markets for AIDC Systems Application Software, Volume IV: Manufacturing Shop-floor Application Software, revenues for AIDC manufacturing shop-floor application software will approach $135 million by 2007.

Several markets will contribute significantly to this growth:

According to VDC analyst Taylor Smith, "AIDC manufacturing shop-floor software revenues are concentrated in vertical markets that require accurate part/product tracking for recalls, safety, and efficiency such as automotive, electronics, and pharmaceuticals. Primarily driven by coding and compliance labeling regulations, these three segments account for over 52% of software revenues."

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