Image Based Barcode Reader Market Analysis, Size, Share, Growth,...

Image Based Barcode Reader Market Analysis, Size, Share, Growth, Trends & Forecast to 2030

Posted 2023-05-09 05:43:58

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According to a recent report published by Future Market Insights, the image-based barcode reader market is expected to grow rapidly between 2020 and 2030.

Rapid Industry 4.0 adoption has resulted in the deployment of advanced technologies such as robotics, artificial intelligence, and cloud-based computing across the manufacturing sector. Businesses have been able to streamline asset tracking and monitoring as a result, leading to an increase in the use of barcode readers.

Because of concerns about the spread of a new coronavirus, end-users are using barcode readers to ensure contactless transactions between individuals. This technology is used by retailers to analyse user data and expand their customer base through virtual platforms. Airports, for example, use QR codes to filter visitors and track contact information.

According to these trends, the use of image-based barcode scanners is only expected to grow in the forecast period.

Get a Sample Copy of this Report with Table of Contents and Figures @
https://www.futuremarketinsights.com/reports/sample/rep-gb-11940

“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.

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.

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.

For more information on this Report @
https://www.futuremarketinsights.com/reports/image-based-barcode-reader-market

Image Based Barcode Reader Market Taxonomy

Imaging Type