In a world where data capture, data mining, and customer tracking is becoming a crucial part of business, firms that make these systems will be positioned for huge growth.
This market includes magnetic stripe readers, smart card readers, biometrics, and optical character recognition. It also includes the systems to store, analyze, and report on the data collected.
For example, Amazon Go stores, which allow customers to “grab and go” without having to stop to pay a cashier, are based on radio frequency identification (RFID) technology. Products are tagged with these sensors, and the store knows when they have been removed from the shelf and taken out the front door. The customer’s account is charged automatically.
But there is much more. RFID chips embedded just under the skin can allow the owner to unlock the front door of their house with a wave of the hand. They already track the movements of pets and livestock. And while implantation in humans raises privacy concerns, in the medical field, they can help identify conditions or abnormalities and immediately report them to the doctor.
You can easily see how the global Automatic Identification and Data Capture (AIDC) market will explode in coming years. In fact, it is expected to reach $71.75 billion by 2022, according to market research firm Meticulous Research.
That’s why we want you to know about one of the best tech stocks to buy today.
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This company manufactures the chips behind the automatic ID technology and develops the software to use them.
Plus, analysts are predicting the share price will surge next year as this technology becomes ubiquitous…
Data Tracking Is Making This One of the Best Tech Stocks to Own
Money Morning Defense and Tech Specialist Michael A. Robinson has been following this industry for quite some time, and his favorite play is Zebra Technologies Corp. (NASDAQ: ZBRA). Zebra produces barcode and location solutions, mobile computing, data capture, and RFID.
The company focused on barcodes in the 1980s, but as its growth rate slowed, it shifted gears into RFID. Products included handheld scanners, tracking software, and mobile tag printers. Growth ramped up again, and it was supplemented by several key acquisitions.
The company is now deeply entrenched, and its platforms help big corporate and government clients get all their key data onto tough, shock-resistant handheld devices that can be used on the factory floor or out in the field.
With the massive growth in warehouses underpinning today’s e-commerce world, Zebra is seeing strong demand for its mobile devices, which can display orders as they flow through the supply chain. It’s real-time inventory control for an on-demand world.
RFID will be a major component of AIDC, nearly doubling by 2020 to $24.5 billion, according to Statisa.
So far, Zebra is making good on its promises. Third-quarter profits of $2.88 per share were more than 10% ahead of consensus forecasts. Robinson especially likes the firm’s operating leverage. Compared to a year ago, 17% sales growth fueled 54% profit growth.
Based on its yearly profit growth of 28% over the past three years, he conservatively projects another double for the stock in four years.
But that’s not all we have for you.
There’s another opportunity in tech right now, and it could make you enough money to retire on…
This Company Could Be Holding the Biggest Tech Breakthrough of the DECADE
Global Market Insights sees this market worth over $80 billion by 2024. Technology giants like Apple and Microsoft are making huge multimillion-dollar investments in this space. Defense contractors and the U.S. military are using this market’s technology to give soldiers a competitive “advantage at sea, land, and air.” And one company is at the center of it all. See it here…
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