Global Barcode Reader Market to Reach USD 12.06 Billion by 2030 | CAGR 6.3%

With the emergence and long-term Impact of COVID-19, the Global Barcode Reader Market to reach USD 12.06 Billion by 2030

Bizwit Research & Consulting LLP’s Recent Analysis on Global Barcode Reader Market is poised to raised USD 12.06 billion by 2030. A barcode reader is a device used to capture and interpret information encoded in barcodes. Barcodes are graphical representations of data that consist of parallel lines or patterns of dots. They are widely used in various industries for product identification, inventory management, and tracking purposes.

Barcode readers use optical sensors or laser beams to scan the barcode image and convert it into a digital format that can be read and processed by a computer or other electronic system. The Barcode Reader market is expanding because of factors such as increasing use in retail and manufacturing industries and the rising e-commerce industry across the globe.

In the e-commerce industry, barcodes play a crucial role in streamlining various operations, such as inventory management, order tracking, and logistics. Barcodes enable quick and accurate identification of products and help automate processes, resulting in increased efficiency and reduced human errors. Barcode readers are used to scan barcodes on products, packages, and shipping labels, providing real-time data capture and integration with e-commerce systems. According to the International Trade Administration, in the year 2019, the global sales from the e-commerce industry stood at USD 3354 billion which increased to USD 5424 billion in the year 2022 and it is projected to reach USD 6388 billion by year 2024.

Thus, the rising e-commerce industry is driving market growth. In addition, rising industrial automation and IoT integration as well as rising technological advancement in barcode reader technology is creating lucrative growth in the market. However, the availability of different alternatives such as RFID (Radio Frequency Identification) or NFC (Near Field Communication) and the lack of Standardization stifles market growth throughout the forecast period of 2023-2030

The regional analysis of the global Barcode Reader Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America dominated the market in 2022 owing to factors such as the rising e-retail industry, rising technological advancements, rising presence of key market players, and adoption of digital technologies across various industries. Whereas, Asia Pacific is projected to grow at the fastest rate owing to factors such as rising e-commerce industry, rising number of e-retailers, rising development of barcode technology and rising industrial automation in the region.

The Global Barcode Reader Market is highly competitive owing to the presence of several key manufacturers such as Zebra Technologies Corp, Honeywell International Inc., Cognex Corporation, SATO Holdings Corporation, Motorola Solutions, Inc., Wasp Barcode Technologies, LLC, Denso Corporation, Datalogic S.p.A., Opticon Inc., Unitech Electronics Co., LTD.

For further analysis on this or to request a sample copy of this report, please click the link mentioned below:

Global Barcode Reader Market Size Study & Forecast, by Type (Handheld, Fixed) by Application (Logistics and Warehousing, Industrial Manufacturing, Retail, and Wholesale, Healthcare, Others) and Regional Analysis, 2023-2030

Key findings of the study suggest:

• Global Barcode Reader Market is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2030
• In the Application segment, Handheld emerged as the leading market segment in 2022.
• North America is dominated the market in 2022 owing to factors such as the rising e-retail industry, rising technological advancements, rising presence of key market players, and adoption of digital technologies across various industries..
• Asia-Pacific is expected at a high CAGR followed by North America during 2022-2030

Bizwit Research & Consulting has considered the following segments for the study:

By Type:

• Handheld
• Fixed

By Application:

• Logistics and Warehousing
• Industrial Manufacturing
• Retail and Wholesale
• Healthcare
• Others

Regional Outlook

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROEU
• Asia Pacific
  • China
  • India
  • Japan
  • Korea
  • Australia
  • ROAPAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com

About Us

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.

Contact US

Global Business Development

Phone : +1 209 498-3066

Email: Sales@bizwitresearch.com

Website: www.bizwitresearch.com