United States, Rockville, MD: , June 09, 2022 (GLOBE NEWSWIRE) -- The global barcode software market is predicted to witness a moderate growth rate of 6.3% during the forecast years 2022 to 2032. The net worth of the barcode software market share is expected to reach US$ 1.4 Billion by the year 2032, increasing from a value of US$ 694.9 Million in the year 2021.
As a result of the several benefits of using barcode technology, it has become one of the most popular methods for saving time and minimizing mistakes in the retail business, which is driving up the demand for barcode software among several enterprises. The adoption of barcode software has also provided chances for solution suppliers to target the supply chain segment for growth and revenue generation by the users.
Furthermore, the adoption of barcode software has enabled institutions to run more smoothly and effectively while also drastically decreasing mistakes incurred by employees. For instance, Zebra Technologies Corporation reported a scenario of a bakery firm that saved US$ 3 million in inventory and distribution expenses in the first year after deploying barcode software in its inventory monitoring system.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7368
This comprehensive barcode software market analysis report by Fact.MR segments the global market by its application, end-use industrial verticals, and geographical regions. The global barcode software market is categorized as asset management, package tracking, staff attendance & time monitoring, and others within the application segment. On the basis of end-user industrial verticals, the market is segmented into BFSI, transport and logistics, Healthcare, telecom & IT, and Others.
Key Takeaways
- The overall growth of the global barcode software market size, in terms of absolute Dollar, is predicted to be around US$ 630.8 Million through 2021 to 2032.
- Asset management segment is predicted to be the rapidly growing segment on the basis of applications for barcode software at various end use verticals by witnessing a CAGR of 6.4%.
- Currently, United States (US) barcode software market dominates the total revenue generated by contributing nearly US$ 271.5 Million in 2022.
- Asia Pacific is the fastest growing region in demand for barcode software that has translated into an overall record CAGR of 6.3% over the forecasted years.
- China is poised to be very lucrative country for the barcode software market players that is estimated to reach a valuation of US$ 98.9 Million by the end of this forecast period in 2032.
For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=7368
Competitive Landscape
Some of the prominent players contributing significantly for the global barcode software market growth are Dynamic Systems Inc., Cvision Tchnologies, Inc, Datalogic S. p. A, Denso ADC, General Data Company, Inc., Honeywell International Inc., NCR Corpoation, Zebra Technologies Corporation, and ZEBEX Industries Inc. among others.
Key Segments
- By End User :
- Banking, Financial Institutions, and Insurance (BFSI)
- Transportation and Logistics
- Manufacturing
- Healthcare
- Retail
- Others
- By Application :
- Package Tracking
- Employee attendance and Time Tracking
- Asset Management
- Others
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7368
Recent Developments in Gym Apparel Market
- General Data Company announced that it would purchase AmeriGraph Packaging Group by the end of 2020. Following this development, General Data's label conversion capabilities now encompass prime labels and shrink sleeve packaging for consumer goods and packaged food. It has also bolstered the company's portfolio by adding a distribution centre for southeast region to better serve its existing clients.
- Datalogic is a leader in data capturing and process automation that announced acout releasing the MatrixTM320 during the mid-2020. It is regarded as the most efficient and small industrial fixed image-based barcode scanner that is capable of providing more flexibility and performance while improving operator safety and reducing total cost of ownership (TCO) as well.
Fact.MR’s Domain Knowledge in Technology
Our ICT consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the ICT sector. Our expertise in recognizing the challenges and trends impacting the global ICT industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
Explore More ICT Industry Reports:
Data Acquisition (DAQ) System Market - The global data acquisition (DAQ) system market was valued at US$ 1.7 Billion in 2021 and is projected to be valued at US$ 1.8 Billion in 2022.
Fleet Maintenance Software Market - The fleet maintenance software market is predicted to grow at an impressive CAGR of 9.2% during the forecast period covering 2022 to 2032.
Fire Testing Market - The fire testing market is predicted to grow at a fair CAGR of 5.9% during the projected period of 2022 to 2032.
North America Automated Weather Observing System Market - The North American automated weather observing system market will register substantial growth, with an expected overall valuation of US$ 200 Million in 2022.
Europe Electronic Health Records Market - The European electronic health records market is predicted to increase from a valuation of US$ 6.7 billion in 2022 to US$ 10.5 billion by the end of 2032, registering a steady CAGR of 4.5% during the forecast years of 2022-2032.
Reticle Pod Cleaning System Market - The global reticle pod cleaning system market currently accounts for US$ 56.7 million valuation and is forecast to reach US$ 107 million by 2032, expanding at a noteworthy CAGR of 6.6% from 2022 to 2032.
U.S. Electronic Health Records Market - The U.S. electronic health records market stands at a current valuation of US$ 8.1 billion and is estimated to surpass US$ 12.4 billion by the end of 2032.
Network Attached Storage (NAS) Market - Global network attached storage (NAS) industry revenue stood at US$ 26.9 Billion in FY 2021, and is forecast to reach US$ 31.1 Billion, registering a Y-o-Y expansion rate worth 15.61% in 2022.
5G Fixed Wireless Access Market - The global 5G fixed wireless access market is estimated to secure US$ 121 Billion by 2032, with a whopping CAGR of 43.6%. The market is projected to hold a market value worth US$ 3.3 Billion in 2022.
North America Precision Farming Market - The North American Precision Farming market is projected to grow at the rate of 12.1% to reach a valuation of US$ 6 Billion by 2032 from US$ 1.91 Billion in 2022.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
