Barcode Readers Market: Introduction
The global barcode readers market is projected to reach value of US$ 10.1 Bn by 2030. The barcode readers market is projected to expand at a CAGR of ~4% from 2020 to 2030. The expansion of the barcode readers market can be attributed to growing usage of barcode readers across the healthcare sector, and increasing demand for handheld barcode readers. North America is anticipated to lead the global barcode readers market in terms of revenue, followed by Europe, during the forecast period.
Growing e-Commerce an Opportunity for Market
Growth in the e-Commerce sector and rapid distribution of goods in order to gain competitive benefits have led to huge demand for barcode readers/scanners. This, in turn, provides significant opportunities for key vendors in the barcode readers market to develop digital solutions to enhance traditional processes.
- For instance, in December 2019, Datalogic S.p.A launched its new 2D image-based barcode reader “AV500,” specifically for end users such as retail and healthcare. The technology integrates image processing and vision systems that enable shoppers to easily and quickly execute transactions. It has been especially designed for retail & e-Commerce, airport baggage handling, and postal/parcel sortation.
Additionally, as a substitute to in-house fulfillment, a large number of retail enterprises has shifted to 3PLs from internet order processing to handle these online requirements. This is expected to propel the usage of barcode readers in the logistics industry, as real time tracking and tracing is expected to become the new normal.
Barcode Readers: Market Segmentation
The global barcode readers market has been segmented based on form factor, type, end user, and region. In terms of form factor, the barcode readers market has been segmented into fixed barcode readers and handheld barcode readers. In terms of type, the market is split into wired barcode readers and wireless barcode readers. The end user segment of the barcode readers market is divided into retail & e-Commerce, transportation & logistics, warehouse, courier & postal services, manufacturing, healthcare, and others (aviation, port, etc.).
Barcode Readers Market: Regional Outlook
In terms of region, the global barcode readers market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America dominates the global barcode readers market and accounted for 38.9% share at the end of 2019. It is likely to maintain its dominance during the forecast period. The barcode readers market in North America is estimated to expand at a growth rate (CAGR) of 4% during the forecast period.
The barcode readers market in Asia Pacific is projected to expand at the fastest CAGR of 4.7% during the forecast period, due to increasing demand for 2D wireless barcode scanners for asset tracking. The barcode readers market in Europe and South America is expected to expand moderately during the forecast period.
Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=78695
The report provides in-depth segment analysis of the global barcode readers market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which offers considerable opportunities or account for significant share has also been included as part of geographic analysis of the barcode readers market.
Barcode Readers Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global barcode readers market. Key players profiled in the report include Zebra Technologies, Datalogic S.p.A, Honeywell International, SATO Europe GmbH, Cognex Corporation, Advantech Co., Ltd., Alien Technology, Bluebird Inc., Cipherlab Co., Ltd, and others.
Global Barcode Readers Market: Segmentation
Barcode Readers Market, by Form Factor
- Handheld
- Fixed
Barcode Readers Market, by Type
- Wired
- Wireless
Barcode Readers Market, by End User
- Retail & e-Commerce
- Transportation & Logistics
- Warehouse
- Courier & Postal Services
- Manufacturing
- Healthcare
- Others (Aviation, Port, etc.)
The Global Barcode Readers Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.
The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.
Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.The Barcode Readers market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.
Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/82Competitive landscapeThe Barcode Readers Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share.
The vendors engaged in the sector are outlined based on price, quality, brand, product differentiation, and product portfolio.
The vendors are gradually expanding their focus on product personalization by way of customer interaction.Points Covered in The Report:The pivotal aspects considered in the Global Barcode Readers Market report consist of the leading competitors functioning in the global sector.The report also encompasses company profiles prominently positioned in the global market.The production, sales, corporate strategies, and the technological capabilities of leading manufacturers are also contained within the report.The driving factors for the growth of the Global Barcode Readers Market are explained exhaustively, along with an in-depth account of the end-users in the industry.The report also explains critical application areas of the global sector, curating an accurate description of the market to the readers/users.The report undertakes a SWOT analysis of the market.
The Global Barcode Readers market research report added by Reports and Data provides an insightful analysis of the current market along with a futuristic perspective on growth of the market.
The research study offers valuable insights into the business strategies, distribution channels, and value chain analysis.
The study also provides deeper insights into the market with regards to the scope and application of the market to impart a better understanding of the market.
The report covers extensive analysis of market share, market revenue, industry outlook, regional bifurcation, revenue growth, top companies in the market, and threats and opportunities in the market.
Key companies profiled in the market include Honeywell, Datalogic, Symbol Solutions (Motorola), Newland, Cognex, Opticon Sensors, Denso Wave, Microscan, Bluebird, Zebex, CipherLAB.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/82The report provides insightful data about business alliances such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate and government deals, product launches and brand promotions, and others.
The business tactics adopted by the leading players to fortify their presence in the market have also been studied in the report.The report covers various important aspects of the industry such as sectors, current and emerging trends, updated outlines, growth factors, restraints, growth prospects and opportunities, and other factors that enable to draw projections for the estimated market growth in the coming years.
Barcode Readers Market size, growth, segmentation, trends analysis Reports and Data’s latest study, titled “Global Barcode Readers Market Forecast to 2027,” comprises an all-encompassing study of the global Barcode Readers industry, targeting the key driving factors and restraints for the industry growth.
The latest market intelligence report offers exclusive and insightful data & information on the Barcode Readers market gathered from primary and secondary resources.
The market data has been evaluated on both regional and global levels and is intended to help readers gain actionable insights into the global Barcode Readers market, along with its current trends and growth opportunities.
It throws significant light on the market’s key regional segments, technological innovations, competitive landscape, and future growth avenues.
Moreover, this section provides strategic recommendations for the new, as well as existing market players, which could assist them to their ramp up their financial and market positions in the long run.
The global Barcode Readers business sector has been undergoing the repercussions of the pandemic that has massively disrupted the global market dynamics and trends and impacted the market in several unfavorable ways.
According to the latest research report published by Dhirtek Business Research, the global barcode readers market report provides detailed information on the factors driving the growth of the barcode readers market.
The COVID-19 has a significant impact on the global economy.
This pandemic is having an impact on various sectors of the economy.
It predicts that the global economy will suffer as a result of the loss of trillions of dollars.
To compete in a competitive market, the companies must identify product opportunities based on their strengths.
This study provides a platform for understanding the various exciting and rising prospects in the field of barcode readers, and it will help every producer, distributor, or even user understand and succeed in this burgeoning industry.
