London, 13 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Barcode Scanner Market 2015-2019, which is expected to grow at a CAGR of 4.05 percent during the forecast period of 2014-2019.
Demand for barcode scanners is increasing because of rise in retail outlets worldwide. Growing need for data accuracy and data storage and rising demand for 2D barcode scanners are some of the major factors contributing to increase in market revenue.
“Multipurpose mobile computers offer scanning services and are integrated with systems such as RFID, Bluetooth, voice recognition system, biometrics, and GPS,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Adoption of 2D Barcodes
- Need for Accuracy in Data Computation and Data Storage
- Growth in Adoption of Barcode Scanners by Various Industries
- Increase in Number of Retail Outlets
Key Market Trends
- High Demand for 2D Barcode Scanners
- Advent of Multipurpose Mobile Computers
- Rapid Advances in Technology
- Increase in R&D Spending
Key Market Vendors
- Datalogic S.p.A.
- Honeywell International Inc.
- Intermec Inc.
- Motorola Solutions Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
