Barcode Readers Market – Strategic Acquisitions and Collaborations among Industry Players to Spur Growth, Trend, Size, Share, Revenue, Drivers, Value and Volume Analysis 2030

In a recently published report, Barcode Readers Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Barcode Readers Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Barcode Readers is an electronic device that read and captures data from a barcode and transfer output printed barcodes to the connected computer. A barcode reader includes of a decoder, scanner and a cable that is connected to the computer. The connected computer decodes the  data taken with the help of a software. In retail and manufacturing sector, barcode technology is gaining traction as it is the best approach for recording product information without any major manual effort. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. In February 2017, Datalogic introduced Power Scan9500 2D image series-Barcode Scanner, especially for the retail marketplace. Growing acceptance of barcodes readers across various industry verticals and high adoption of automatic data capture devices in the retail industry are some major factors, driving the growth of the market. Further, increasing application in supply chain tracking and emergence of industry 4.0 would create lucrative growth aspects for the growth of the market. However, high product development cost of barcode readers is hampering the growth of this market.

The regional analysis of global Barcode Readers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region due to the subsequent growth in manufacturing activities are necessitating the use of automated warehouses and have hence triggered the demand for barcode readers. Also, digitization of the retail market, particularly in China and India is expected to create positive outlook for the growth of the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Honeywell International Inc.
DATALOGIC SpA
System ID Barcode Solutions
Newland EMEA
Cognex Corporation
Denso Wave Incorporated
OMRON Corporation
Zebex Industries Inc
TouchStar Technologies
Opticon Sensors Europe B.V

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Portable/ Handheld
 Fixed Position
By Application:
Healthcare
Manufacturing and Industry
Transportation and Logistics
Retail
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Barcode Readers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Barcode Readers Market, by Region, 2018-2027 (USD Billion)
1.2.2. Barcode Readers Market, by Type, 2018-2027 (USD Billion)
1.2.3. Barcode Readers Market, by Application 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Barcode Readers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Barcode Readers Market Dynamics
3.1. Barcode Readers Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Barcode Readers Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Barcode Readers Market, by Type
5.1. Market Snapshot
5.2. Global Barcode Readers Market by Type, Performance – Potential Analysis
5.3. Global Barcode Readers Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Barcode Readers Market, Sub Segment Analysis
5.4.1.   Portable/ Hand
5.4.2. Fixed Position

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