openPR Logo
Press release

Barcode Scanner Market Poised for Robust CAGR of over 7.6% through 2027

06-16-2017 12:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Barcode Scanner Market Poised for Robust CAGR of over 7.6%

The advent of barcode technology has greatly reduced the hassles of tracking supply and commodity sale records for retailers across the globe. Over the years, the technology has been consistently improved and made more efficient. Currently, barcode solutions are being used across various domains owing to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date on which the product was supplied to the retailer and selling price. Moreover, the emergence of e-commerce and intra-regional markets that offer specialised services to a wide range of sectors has further expanded its application base. Future Market Insights (FMI) in its latest report titled “Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2017–2027” reveals that use of barcode technology is rapidly rising in both retail and manufacturing industries. Barcode scanners have become one of the best solutions for recording product information without making any major manual effort. The technological advantages and cutting-edge features of barcode scanners are also making them popular in the healthcare industry. Barcode technology can help rectify medication errors, medical practitioners and physicians can easily get information about medicines as well as their manufacturing dates.

The report further cites that the global barcode scanners market will expand at a CAGR of 7.6% over the forecast period (2017–2027) and account for US$ 10.8 Bn by 2027-end. During the same duration, the market is also expected to reflect a CAGR of 6.4% in terms of volume, reaching 38.7 Mn units over 2027-end. Around 20.7 Mn units of barcode scanners are expected to be sold by the end of 2017.

Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2871

Additional Highlights of the report Include:

In 2017 and beyond, laser-based scanner is expected to remain as the prime technology. Laser scanners are widely used in regions with established manufacturing and retail sectors such as Western Europe and North America. By the 2017-end, laser scanners are estimated to accounts for 32.3% revenue share of the market and will continue to be the most preferred barcode reader technology throughout the assessment period. However, camera-based reader is anticipated to see the fast adoption as these scanners are innovative and configured with advanced 2D imaging technology. Based on product type, portable/handheld scanners are expected to remain top choices of barcode scanners amongst consumers over the forecast period. Owing to characteristics such as faster print speed and versatility, demand for portable/handheld barcode scanners is rapidly increasing in various parts of the world. Use of barcode scanners in the retail and commercial sector continues to be the highest and is expected account for a major chunk of revenue over the forecast period. Meanwhile, the healthcare industry is swiftly adopting the barcode technology as well.

Amongst regions, markets in Asia Pacific excluding Japan (APEJ) and North America are expected to exhibit high growth potentials. In APEJ, China and India are projected to achieve impressive growth of their barcode scanner market. By 2017-end, the region is projected to account for a revenue share of 29.5%, which is expected to increase to 33.8% towards the end of the forecast period. Market players are targeting APEJ as their key sales region. Zebra Technologies Corporation, Honeywell International Inc., DataLogics S.P.A, Cognex Corporation, OCOM Technologies, Wasp Barcode Technologies, JC Square Inc., SATO Holdings Corporation, Scandit AG and Toshiba TEC Corporation are some of leading companies profiled in the FMI report.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-2871

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Barcode Scanner Market Poised for Robust CAGR of over 7.6% through 2027 here

News-ID: 582352 • Views:

More Releases from Future Market Insights

Hybrid Meat Products Market Projected to Grow at 9.5% CAGR to USD 1,314.9 Million by 2035
Hybrid Meat Products Market Projected to Grow at 9.5% CAGR to USD 1,314.9 Millio …
The global Hybrid Meat Products Market is poised for remarkable growth over the next decade, with the market projected to expand from USD 530.6 million in 2025 to approximately USD 1,314.9 million by 2035, reflecting a robust CAGR of 9.5%. This surge underscores the growing appetite for protein solutions that blend traditional meat with plant-based ingredients, combining taste familiarity with sustainability and nutritional benefits. Hybrid meat products are gaining traction across
Fermented Coffee Market Set to Reach USD 766.8 Million by 2035: A Flavorful Blend of Tradition, Innovation, and Wellness
Fermented Coffee Market Set to Reach USD 766.8 Million by 2035: A Flavorful Blen …
The global fermented coffee market is brewing a new era of growth, with projections indicating a rise from USD 330.6 million in 2025 to USD 766.8 million by 2035-a remarkable CAGR of 8.8%. This forecast underscores a transformative decade for the category, driven by health-conscious consumer demand, innovative fermentation techniques, and the expansion of both established and emerging players in the global coffee landscape. Acquire the Complete Market Report - Available
Enzyme Protectants Market Forecast to Reach USD 1.51 Billion by 2035, Driven by Biologics, Sustainability, and Technological Innovation
Enzyme Protectants Market Forecast to Reach USD 1.51 Billion by 2035, Driven by …
The global enzyme protectants market is poised for remarkable growth over the next decade, with valuations expected to rise from USD 820.5 million in 2025 to approximately USD 1,511.5 million by 2035. Representing a compound annual growth rate (CAGR) of 6.3%, this surge reflects an increasing demand for solutions that maintain enzyme stability and performance across pharmaceuticals, food processing, industrial biotechnology, and research applications. Request the Full Report or Custom Research
Global Aqua Probiotic Market to reach USD 1,180.0 Million by 2035, Driven by Sustainable Aquaculture and Innovative Technologies
Global Aqua Probiotic Market to reach USD 1,180.0 Million by 2035, Driven by Sus …
The global Aqua Probiotic Market is poised for remarkable expansion over the next decade, projected to grow from USD 480.5 million in 2025 to approximately USD 1,180.0 million by 2035, registering a CAGR of 9.4%. This growth reflects the sector's evolution from niche adoption to mainstream integration, highlighting the increasing importance of probiotics in sustainable aquaculture practices worldwide. For Tailored Insights and Customization, Connect With Us Here: https://www.futuremarketinsights.com/reports/sample/rep-gb-26136 Rising demand for antibiotic-free

All 5 Releases


More Releases for Barcode

Barcode Label Market (2019-2029) | Aditya Barcode Technologies, TSI America, Ino …
Barcode Label market: Overview Barcode labels are used for quick data storing and retrieving. Barcode labels include a representation of the company and product-related information in line and number format. They consist of small black parallel lines of varying widths and gaps which allow companies to obtain real-time data. Some barcode labels are comprised of numbers and pictures which increases their efficiency. Information regarding manufactures name, type of product, product
Generate Barcode with Desired Barcode Size using New Enhanced Barcode Generation …
What's New in this Release? Aspose team is pleased to announce the new release of Aspose.BarCode for Java 18.7. This new version of the API introduces a more powerful API for BarCode generation. It gives users more power for generating BarCodes with desired information. Starting from Aspose.Barcode for Java 18.7, this release introduces a new BarCode generation API. The new API, represented by BarcodeGenerator class, is simple but powerful enough to
Global Industrial Barcode Scanner Market 2018 - SATO, Toshiba TEC, Wasp Barcode, …
Accord Market, recently published a detailed market research study focused on the “Industrial Barcode Scanner Market” across the global, regional and country level. The report provides 360° analysis of “Industrial Barcode Scanner Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Industrial Barcode
GS1 Barcode Processing & Improved QR Coded Barcode Recognition using Java
What's New in this Release? Aspose team is pleased to announce the new version of Aspose.BarCode for Java 17.04.0. The major development in this release is the enhanced functionality of GS1 coded barcode. GS1 code format can contain complex elements with digits and letters. Enhanced GS1 barcode functionality now can parse and validate these complex combinations. Improved QR coded barcode recognition functionality has also been incorporated in this release. Aspose.BarCode for
GS1 Barcode Generation & Recognition with Improved QR Barcode Detection in .NET …
What's New in this Release? The latest version of Aspose.BarCode for .NET 17.4.0 has been released. The major development in this release is the improved functionality of GS1 coded barcode. Many time GS1 code texts contain complex combination of digits and letters. Functionality of the GS1 barcode has been upgraded in such a way that it can parse and validate those complex combinations. Functionality of QR coded barcode recognition has
Barcode Integration with SSRS 2014 & Barcode Text Generation Process for PDF417 …
What's New in this Release? Aspose team is happy to announce the new release of Aspose.BarCode for Reporting Services 17.2.0. The major development in this release is addition of more barcode properties in the properties window of SSRS designer e.g. EncodeType. All properties in the properties window of designer have been reorganized. Improved ConfigLicense tool has also been incorporated in this release. There are some important enhancement part of this release,