2D Barcode Reader Market Size, Share, Growth Analysis, By Product Type(Fixed, Handheld), By Application(Warehousing, Logistics), By Region - Industry Forecast 2024-2031

Q: What is the global market size of 2D Barcode Reader Market?

Global 2D Barcode Reader Market size was valued at USD 7.32 billion in 2022 and is poised to grow from USD 7.94 billion in 2023 to USD 15.25 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

Report ID: SQMIG45M2014 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 61 | Figures: 73

2D Barcode Reader Market Dynamics

Drivers

E-trade Boom Fuels Market Growth

With the increasing preference for on line shopping, there may be a heightened want for efficient inventory control and order processing. 2D barcode readers play a pivotal function in this state of affairs, providing brief and correct records capture, thereby improving the overall operational efficiency of e-trade businesses.

Restraints

Integration Challenges and Compatibility Issues

A outstanding restraint within the 2D barcode reader market lies within the complexities related to integration into existing structures. Ensuring seamless compatibility with various software platforms and legacy hardware can pose demanding situations for groups seeking to undertake this technology. This can also cause implementation delays and further fees, that may act as a deterrent for some organisations seeking to undertake 2D barcode reader solutions.

2D Barcode Reader Market Report Snapshots

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FAQs

2D Barcode Reader Market size was valued at USD 7.32 billion in 2022 and is poised to grow from USD 7.94 billion in 2023 to USD 15.25 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

The aggressive panorama of the worldwide 2D barcode reader marketplace is characterised by a diverse array of groups vying for market share. These entities variety from installed industry leaders to modern startups, each bringing unique strengths and services to the market. The competition is fierce, driven by a constant push for technological advancements and the improvement of greater state-of-the-art scanning solutions. 'Casio Computer Co., Ltd. (Japan)', 'Cognex Corp. (US)', 'Datalogic S.p.A. (Italy)', 'Denso Wave Inc. (Japan)', 'General Data Company, Inc. (US)', 'Honeywell International, Inc. (US)', 'JADAK - A Novanta Company (US)', 'Juniper Systems Inc. (US)', 'Keyence Corp. (Japan)', 'Marson Technology Co., Ltd. (Taiwan)', 'Omron Microscan Systems, Inc. (US)', 'Sato Holdings Corp. (Japan)', 'Scandit (Switzerland)', 'SICK AG (Germany)', 'Unitech Electronics Co., Ltd. (Taiwan)', 'Wasp Barcode Technologies (US)', 'Zebex Industries Inc. (Taiwan)', 'Zebra Technologies Corp. (US)'

With the increasing preference for on line shopping, there may be a heightened want for efficient inventory control and order processing. 2D barcode readers play a pivotal function in this state of affairs, providing brief and correct records capture, thereby improving the overall operational efficiency of e-trade businesses.

Rise of Mobile-Based 2D Barcode Scanning : With the proliferation of smartphones ready with extremely good cameras and the provision of user-pleasant barcode scanning apps, agencies and purchasers alike are leveraging cellular devices for barcode scanning purposes. This fashion gives comfort and accessibility, enabling customers to effortlessly decode 2D barcodes for various packages, inclusive of cell payments, ticketing, and stock management, without the want for dedicated barcode scanners.It also opens up new possibilities for contactless transactions and enhances the overall user experience.

North America currently stands because the dominating region inside the international 2D barcode reader market. This is on the whole attributed to the large adoption of superior era throughout industries, particularly within the United States and Canada. The mature market infrastructure, coupled with a robust presence of key enterprise gamers and a tech-savvy client base, has contributed to North America's distinguished function on this sector.

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2D Barcode Reader Market Size, Share, Growth Analysis, By Product Type(Fixed, Handheld), By Application(Warehousing, Logistics), By Region - Industry Forecast 2024-2031

2D Barcode Reader Market Dynamics

2D Barcode Reader Market Report Snapshots

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