Portland, OR -- (SBWire) -- 05/25/2018 --Barcode scanners are electronic devices capable of reading printed barcodes onto a computer. It consists of a light source, a lens, and a light sensor, which translates optical impulses into electrical ones. The global barcode scanning market is growing at a steady rate. An increasing number of retail outlets in developing countries, such as China, Vietnam, Thailand, India, Singapore, Japan, and South Korea, are contributing to the high demand for barcode scanning equipment in APAC.
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The analysts forecast the global barcode scanner market to grow at a CAGR of 4.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global barcode scanner market for 2017-2021. To calculate the market size, the report considers the sale of the barcode to a host of end-user sectors, including the industrial sector (manufacturing).
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global Barcode Scanner Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Honeywell International
- Zebra Technologies
- Datalogic
Other prominent vendors
- Aceeca
- Bluebird
- CIPHERLAB
- DENSO
- EUROTECH
Market driver
- Rising demand from industrial sector.
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Market challenge
- Rise in scanning discrepancies and the availability of alternatives in market.
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Market trend
- Increased use of data from barcode scanners with big data to improve decision making.
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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
Barcode Scanner Market to Grow at a CAGR of 4.32% During the Period 2017-2021
The analysts forecast the global barcode scanner market to grow at a CAGR of 4.32% during the period 2017-2021.