Global 2D Barcode Reader Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX % over the forecast period 2018-2025.
New York 16 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global 2D Barcode Reader market industry is poised to raise USD XXX billion by 2025. The major factors expected to augment the market the proficiency of 2D Barcode Reader to adapt an enormous size of information and increased acceptance of 2D barcodes across various sectors. A 2D barcode scanner can interpret two-dimensional barcodes, which store data in two dimensions, rather than in just a series of black and white bars. 2D barcodes look like checkerboards or a series of traditional barcodes stacked atop one another. The reader deciphers the encoded URL, which leads the browser to the appropriate information.
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Global 2D Barcode Reader Market Size Study, By Type (Portable, and Fixed), By Application (Tracking & Marketing, Libraries, Parking, and Retail Industry), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Cognex Corporation, Toshiba Tec Corporation, OCR Canada, ZIH Corporation, Code Corporation, Honeywell International Inc., Motorola Solutions, Wasp Barcode Technologies, Datalogic S.p.A., Bluebird Inc., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Europe and North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Tracking & Marketing
- Retail Industry
- North America
- Asia Pacific
- Latin America
- Rest of the World