About Image Based Barcode Reader
The growing retail industry is helping to boost the global Image-Based Barcode Reader market in the forecasted period. An image-Based Barcode Reader is used to capturing as well as read information contained in a barcode. Image-based barcode readers are rapidly replacing laser scanners in a wide range of industry applications. It is generally used in various industries such as food, beverage, pharmaceutical, consumer goods, and logistics. Technological innovations such as artificial intelligence, cloud, and many others can create lucrative opportunities in the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 7.2% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Image Based Barcode Reader market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MSM Solutions (United States), Keyence Corporation (Japan), Sensopart (Germany), CipherLab (Taiwan), ZEBEX (China), Shenzhen MinDe (China), Omron Corporation (Japan), Cognex (United States), Zebra Technologies(United States) and Honeywell (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Denso Wave (Germany), SICK AG (Germany), Datalogic (Italy) and Wasp Barcode (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Image Based Barcode Reader market by Type (2D image and 1D image) and Region.
On the basis of geography, the market of Image Based Barcode Reader has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Product Type, the sub-segment i.e. Presentation Scanners will boost the Image Based Barcode Reader market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. S mounted lens will boost the Image Based Barcode Reader market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Image Based Barcode Reader market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Retail and Commercial will boost the Image Based Barcode Reader market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Conectivity, the sub-segment i.e. USB will boost the Image Based Barcode Reader market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Upsurging demand for the online shopping, The increase in digital inventory control and The high adoption from the application of centralized software
Market Growth Drivers:
The rapidly growing retail industries, High Demand due to government initiatives for tax collection and A major shift from handheld laser scanning to imaging solutions
Challenges:
The concern regarding the technological complexities
Restraints:
The concern related to the high cost of these systems
Opportunities:
The increase in investment from the retail industry globally and High demand due to technological advancements, smartphone apps are now being used as image-based barcode readers and scanners
Market Leaders and their expansionary development strategies
30th May 2019, Honeywell, an industry leader in scanning and productivity solutions, took legal action against Opticon, a Japan-based company that manufactures scan engines and barcode readers, accusing Opticon of infringing Honeywell’s patents.
The International Organization for Standardization (ISO) states, “A standard is a document that provides requirements, specifications, guidelines or characteristics that can be used consistently to ensure that materials, products, processes, and services are fit for their purpose.” and AIM Global (Association for Automatic Identification and Mobility) – AIM is a leading “international trade association and worldwide authority on automatic identification, data collection, and networking in a mobile environment.” Many AIM standards are routed through the ANSI for consideration and are then recommended to become ISO standards.
Key Target Audience
Regulatory Bodies, Government Research Organization, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.