Thermal Printer Market Poised to Expand at 6.6% CAGR During 2018-2028
Widespread penetration of RFID tags used on barcodes currently pose a challenge to thermal printer sales, as the RFID technology enables remote tracking of products. A majority of manufacturers tend to prefer RFID tagging over other alternatives, owing to their readability and password protection. However, significant rise in the demand for the printing of barcode, ticket, and receipt will reportedly bring in attractive opportunities for thermals printer manufacturers, more prominently in developing countries of Asia Pacific.
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