Product ID: SQMIG45I2072
Global Barcode Scanner Market Size, Share, Growth Analysis, By Product(Handheld Barcode Scanner, Stationary Barcode Scanner), By Type(Wired Barcode Scanner, Wireless Barcode Scanner), By Scanner Type(Rugged Barcode Scanner, Non-Rugged Barcode Scanner), By Technology(Camera Based Reader, Charge Coupled Device Reader), By Component(Solutions and Services), By End User(Retail and Commercial, General Manufacturing) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2072 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
175 |
Figures:
79
Global Barcode Scanner Market Insights
Barcode Scanner Market size was valued at USD 6.81 billion in 2019 and is poised to grow from USD 7.32 billion in 2023 to USD 12.15 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
The public distribution system's digitalization and increase in e-retailers are two contributing factors to the barcode scanner market's expected growth during the projected period. Also, the retail and warehousing sectors are seeing a major growth in the market for barcode reader. Due to its cutting-edge features and technological advantages, barcode scanners are becoming more and more utilized in a wide range of industries.
All through the forecast period, the adoption of barcode technology is expected to reduce the obstacles to tracking and supply for merchants in the market, creating a growth potential for the barcode scanner market. Furthermore, barcode scanner technology continues to improve and become more efficient. The printing of barcodes, which are scanned by barcode scanners, is increasing as more products enter the market as a result of the same.
Due to the benefits of the barcode scanner, which also include simple and accurate account keeping and better inventory control for manufacturers and retailers, the market is thus expected to have potential growth throughout the forecast period.
US Barcode Scanner Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Barcode Scanner Market Report Snapshots
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