Global 2D Barcode Reader Market 2023 By Companies, Key Applications, Industry Growth, Competitors Analysis, New Technology, Trends, And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's 2D Barcode Reader Global Market Report 2023 identifies growing e-commerce and logistics industries as the major driver for the 2D Barcode Reader market's growth in the forecast period. The increase in demand in the e-commerce and logistics sectors is expected to propel the growth of the 2D barcode reader market over the coming years. The growing incidence of online shopping is considered as one of the driving factors for the growth in the e-commerce and logistics sectors, leading to the deployment of more distribution centres and warehouses and driving the 2D barcode reader industry.

The global 2D barcode reader market size grew from $6.35 billion in 2022 to $6.87 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The 2D barcode reader market size is expected to grow to $9.31 billion in 2027 at a CAGR of 7.9%.

Download Free Sample Of 2D Barcode Reader Market Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5694&type=smp

Major competitors in the 2D Barcode Reader market are Denso Wave Incorporated, Casio Computer Co., Ltd., Cognex Corporation, Datalogic S.p.A., Honeywell International, Inc., General Data Co., Inc., JADAK-A Novanta Company, Juniper Systems Inc., Keyence Corporation, Marson Technology Co.

A key trend in the 2D Barcode Reader market includes development of technologically advanced reader systems. The various technologically advanced barcode readers implemented across the market are comprised of QR codes, Data Matrix, PDF417, Aztech 2D, machine vision, digital image scanning, RFID, decoding technology, etc. Many companies operating 2D barcode readers are adopting RFID technology. For instance, in December 2021, Denso Wave launched an SP1 scanner with an autopilot function. It is an advancement to the RFID scanner which enables smart devices to turn into high-speed UHF RFID scanners. The addition of autopilot functionality to the RFID scanner allows the scanning to be operated with doubled speed and manage more complex data as well. Furthermore, RGID tags and Near Field Communication (NFC) technology are popular, so demand for 2D barcode scanners is expected to rise.

Read More On The Global 2D Barcode Reader Market Report Here:
https://www.thebusinessresearchcompany.com/report/2d-barcode-reader-global-market-report

The 2D Barcode Reader market is segmented -
1) By Type: Fixed, Portable
2) By Reader Type: Cord, Cordless
3) By Application: Warehousing, Logistics, E-Commerce, Factory Automation
4) By End User: Retail, Hospitality, Transportation and logistics, Manufacturing, Healthcare, Others

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the 2D Barcode Reader market.

The Business Research Company's "Global 2D Barcode Reader Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The 2D Barcode Reader Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5694

The Table Of Content For The 2D Barcode Reader Market Include:
1. Executive Summary
2. 2D Barcode Reader Market Characteristics
3. 2D Barcode Reader Market Trends And Strategies
4. 2D Barcode Reader Market - Macro Economic Scenario
5. 2D Barcode Reader Market Size And Growth
……
27. 2D Barcode Reader Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 2D Barcode Reader Market
29. 2D Barcode Reader Market Future Outlook and Potential Analysis
30. Appendix

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.