Global Barcode Scanner Market Will Hit at CAGR of 4.32% During Years 2017-2021

Latest industry research report on: Global Barcode Scanner Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts


Albany, NY -- (SBWIRE) -- 03/20/2017 -- 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.

Technavios 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:

Technavio's report, 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.

Key vendors
Honeywell International
Zebra Technologies

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Other prominent vendors
Handheld Group
Juniper Systems
Shenzhen Unique Electronic International (SUEI)
TouchStar Technologies
ZEBEX Industries

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?
What are the strengths and weaknesses of the key vendors?