The global barcode scanner market was valued at around USD 5 billion in 2016 and is projected to surpass USD 6 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global barcode scanner market, under its embedded systems portfolio. This market analysis discusses the foremost drivers and key emerging trends and offers an analysis of key vendors like Honeywell International, Zebra Technologies, and Datalogic.
According to Chetan Mohan, a lead analyst for embedded systems research at Technavio, “The introduction of 2D barcodes will revolutionize the global barcode scanner market. The increasing adoption of these devices across various industries, such as the retail, healthcare, and transportation and logistics will boost the demand for these products. The QR code is the most popular 2D barcode in the world market. These codes can be scanned even by mobile devices such as smartphones and tablets.”
The 2D barcodes are most commonly used for inventory management by the transportation and logistics, retail, and healthcare industries. These codes are unique and embedded in identification cards as well. The codes offered by various vendors are used to mark small items with a square or rectangle pattern known as the matrix primarily for warehousing with the information being encoded in the form of text or numeric data. Some of these might even contain logos and pictures resulting in the efficient identification of the product.
Click here to request a free sample of this report
Increased use of data from barcode scanners with big data to improve decision making
Various industries in the global market are using barcode scanners to collate and compute data to help them in inventory management and compute sales figures. These systems help the organization to receive tons of unstructured data, including e-mails, surveys, employee feedback, corporate reports, analyst reports, BI reports, products reviews, and other reports. The integration of these systems with big data tools and solutions can perform in-depth analysis on historical data with various statistical tools and techniques to predict the future.
Growing demand for rugged devices
The growing adoption of rugged devices by several enterprises will reduce the errors and delay in data handling and report. The market is driven by the implementation of rugged scanners in the professional and organizational sectors. The sellers in the market are expanding their business by offering these products to emerging countries like China, Taiwan, Indonesia, and India.
Ask an analyst to know more about this report
This research report comprises an exhaustive breakdown and market shares and sizes of the sub-segments and geography. An analysis of the important companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also offers a detailed analysis of key drivers, challenges, and prospects influencing this market.
A more detailed analysis is obtainable in the Technavio report titled, ‘Global Barcode Scanner Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Sorting Equipment Market 2017-2021
- Global Mobile Ticketing Market in the Transportation Sector 2017-2021
- Global Wearable Scanner Market 2016-2020
To read more press releases – click here
