Due to the digitalization of the public distribution system and due to increase in the number of e-retailers the barcode scanner market is expected to grow during the forecast period. Moreover, the barcode scanner market is significantly increasing in retail and warehousing industries. The barcode scanner market is becoming more popular in various industries due to cutting-edge features and technological advantages of barcode scanner. The advent of barcode technology is expected to reduce the hurdles in the tracking and supply for the retailers in the market during the forecast period proving growth opportunity for the barcode scanner market. Also, barcode scanner technology is becoming more efficient and has been consistently improved. The same results in increasing printing of the barcode on most of the products coming in the market, which are scanned through barcode scanners. Thus, giving significant growth to the barcode scanner market during the forecast period.
A barcode scanner is an electronic device that can read a barcode and gives an output of printed barcodes to a computer. Today, barcode scanner has replaced the manual efforts with recording and managing product information online. Also, the barcode scanner is used to make quick check-outs at the cash counter. Thus, the barcode scanner market is expected to have a potential growth during the forecast period because of the benefits of the barcode scanner including easy and accurate account keeping and better inventory control for manufacturers and retailers.
Barcode Scanner Market: Drivers and challenges
The barcode scanner market is expected to have significant growth due to the emerging technologies in the public distribution system. Also, the Increasing requirement of Industries for remote solutions is fueling the barcode scanners market. Another factor driving the barcode scanner market is the growing number of multinational logistics service providers. Moreover, in the coming years, most of the shops will be able to keep track of inventory without errors due to the effectiveness and the efficiency of operations provided by the barcode scanner. The same reduces the time, and it gives a potential growth to the barcode scanner market during the forecast period. Moreover, the increase in the number of malls, supermarkets in various countries is also responsible for the growth of the barcode scanner market during the forecast period.
Some challenges which are expected to be faced by the barcode scanner market include, the high cost of barcode scanners, the inconvenience in moving the barcode scanner from one place to another and lack of awareness towards the barcode scanner machine by some of the shopkeepers.
Barcode Scanner Market: Segmentation
Barcode scanner market can be segmented as follows:-
Barcode Scanner Market: Key Players
Some key players of barcode scanner market are Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, Toshiba TEC Corporation, SATO Holdings Corporation, Toshiba TEC Corporation, Datalogic S.P.A, Wasp Barcode Technologies, Scandit AG and others. These players are expected to influence the barcode scanner market during the forecast period.
Barcode Scanner Market: Regional Overview
On the geographic basis, North America is expected to be the largest market for barcode scanners market due to significant adoption of advanced technologies in the public distribution system. Due to increase in the number of the e-retailers and due to the presence of various key players in countries including China, India, Japan, and South Korea; the APAC barcode scanner market is also expected to grow to significant rate during the forecast period. The rise in digital technologies offer better growth opportunities for Latin America barcode scanner market.
The report covers exhaustive analysis on:
Regional analysis for market includes
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.