Image Based Barcode Reader Market to Experience Industry 4.0 Revolution, Future Market Insights
DUBAI, U.A.E, July 23, 2020 /PRNewswire/ -- The image based barcode reader market is anticipated to expand impressively from 2020-2030, concludes Future Market Insight in its recently published report.
Rapid Industry 4.0 penetration has led to the deployment of advanced technologies in the form of robotics, artificial intelligence and cloud-based computing across the manufacturing sector. This has made it possible for firms to streamline asset tracking and monitoring, for which the adoption of barcode readers has surged.
Heightened concerns about the spread of the novel coronavirus have prompted end-users to employ barcode readers as a way of ensuring contactless transactions between individuals. Retailers are exploiting this technology to analyze user data and expand their customer base through virtual platforms. Similarly, airports are using QR codes to filter visitors and enable contact tracing.
Based on these trends, adoption of image based barcode scanners is only expected to increase in the coming forecast period.
"Mushrooming online business activities will lay a red carpet for the image based barcode reader manufacturers to walk smoothly towards better revenue prospects," concludes an FMI analyst.
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Key Takeaways from FMI's Image Based Barcode Reader Report
- Retail and commercial sector shall capture 33% of the overall revenue share
- Global image based barcode reader market shall surge at a CAGR of 7% between 2020 and 2030
- North America is the market hegemon, capturing nearly 28% of the revenue share
- Smartphone based scanners are acquiring immense popularity due its high degree of convenience
- Image based barcode readers sales will surge by 2020-end, attributed to heightened ICT spending, valued at US$ 689 Bn
Image Based Barcode Reader Market- Key Trends
- Barcode readers mounted automated robots are becoming mainstream across the retail and commercial sectors
- Smartphones with sophisticated barcode readers such as Android 9 and Apple 13 are immensely catapulting revenue prospects
- 2D-based image barcode scanners are acquiring high traction owing to their ease of operability
- Intensive marketing campaigns by leading players is helping them carve a foothold within the landscape
- Holding capacities are expected to witness an uptick of nearly 2000 data characters, ranging from supply chain management figures to inventory stocks
Image Based Barcode Reader Market- Region-wise Analysis
- East Asia exhibits tremendous growth potential in the coming years, with China & Japan experiencing the maximum expansions
- Countries such as the United States have already attained maturity, being used for a hassle-free shopping experience
- South Asia shall expand 2.4x during the 2020-2030 forecast period
Image Based Barcode Reader Market- Competitive Landscape
The image based barcode reader vendors are capitalizing on the trend of surging QR-code popularity to acquire a competitive edge over others. Prominent companies such as L'Oréal, Nissan, Tesco, PayPal and Starbucks are all leverage QR-codes to enhance customer experiences.
Kaspersky, for instance, has launched its QR code reader and scanner which is compatible with Apple and Android phones. Its scanner prohibits any access to unsecure links, thus making at an extremely safe application. Similarly, Google Playstore and Apple Store provide the Bar-Code reader which allows copy pasting on the web and export on Google drive.
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Image Based Barcode Reader Market Taxonomy
Imaging Type
- 1D Image/Code Scanning
- 2D Image/Code Scanning
Product Type
- Portable/Handheld Scanners
- Rugged Scanners
- PDS Scanners
- Smart Phones
- Automatic Readers
- Cordless Scanners
- Fixed-Position Scanners
- Stationery Scanners
- Presentation Scanners
End-Users
- Retail and Commercial
- Manufacturing
- Automotive
- F&B
- Semiconductors
- General Manufacturing
- Others
- Healthcare
- Logistics & Warehouse
- Commercial Aviation
- Defense
- Others
Technology
- S Mounted Lens
- C Mounted Lens
- Autofocus/Liquid Based Lens
Connectivity
- USB
- Bluetooth
- Wi-Fi
- PoE (Power over Ethernet)
Sales Channel
- Online
- Offline
Region/Country
North America
- U.S
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- EU-5
- Russia
- Rest of Europe
South Asia & Pacific
- India
- ASEAN
- Oceania
- Rest of South Asia & Pacific
East Asia
- China
- Japan
- South Korea
Middle East & Africa
- GCC
- Turkey
- Northern Africa
- South Africa
- Rest of MEA
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Know More about Image Based Barcode Reader Market
A new market research report published by Future Market Insights (FMI) on the global image based barcode reader market report provides extensive insights into the market demand trends and analysis of opportunities over the forecast period. The report analyzes the image based barcode reader market through seven different segments - imaging type, product type, end use, technology, connectivity, sales channel, and region. The image based barcode reader market report also offers in-depth assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of image based barcode readers and product adoption across several end-use industries.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Report: https://www.futuremarketinsights.com/reports/image-based-barcode-reader-market
Press Release Source: https://www.futuremarketinsights.com/press-release/image-based-barcode-reader-market
SOURCE Future Market Insights
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