Market Research Report
Barcode Scanner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||945291|
|Published||Content info||106 Pages
Delivery time: 2-3 business days
|Barcode Scanner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: June 18, 2020||Content info: 106 Pages||
The global barcode scanner market grew at a CAGR of around 4% during 2014-2019. Barcode scanners, also known as barcode readers and point-of-sale scanners, are handheld or stationary hardware devices that are used for reading and recording the information of a barcode. These scanners have sensors for capturing barcodes and decoding relevant information, and cables for maintaining a stable connection with computer systems. Barcode scanners are extensively utilized in warehouse management as they assist in providing a real-time overview of different products that are stored in the warehouse. Some of the commonly used types of barcode scanners are laser scanner, camera-based scanner, charge-coupled device (CCD) scanner, laser scanner and pen wand, which are available in the market depending on the requirement of the user.
Retailers across the globe are adopting barcode scanners for the hassle-free recording of supplies and commodities. Barcode scanners aid in recording information, such as product count, date of manufacturing, date of supply to the retailer and selling price, which are printed on the packaging of the product in the form of a barcode. These devices are also gaining traction in the healthcare industry for managing medical records and medications of patients. In line with this, the growing healthcare industry is also offering lucrative opportunities for market expansion. Furthermore, these scanners help in increasing the efficiency of the recorded data by minimizing human errors in recording and managing the information online. This, along with the introduction of two-dimensional (2D) barcodes, such as quick response (QR) code and data matrix, is expanding the product application across various end use industries, including travel and tourism, media, and entertainment. Looking forward, IMARC Group expects the global barcode scanner market to exhibit moderate growth during the forecast period (2020-2025).