LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their latest report on the global industrial barcode scanner market. This new report will provide expert market insights for the forecast period 2018-2022.
The report will follow up on Technavio’s previous industrial barcode scanner market research, presenting an up-to-date analysis of the market with regards to the innovations, current competitive landscape and latest trends and drivers, offering new predictions for the forecast period.
The upgraded research report on the global industrial barcode scanner market is an integral part of Technavio’s embedded systems portfolio. Technavio covers an extensive range of market research reports on the construction market, presenting insights into components and systems such as duplexers, microprocessors, and microcontrollers. Some of the topics include UV LED technology, timber decking, supercapacitor, and visible light communication.
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Global opportunities for growth
Technavio’s previous report on the global industrial barcode scanner market projected that during 2015, the Americas was the largest market for industrial barcode scanners and this region is expected to retain its hold over the market in the coming years. This was due to the early adoption of automatic data capture (ADC) devices. Additionally, the region will also witness a high demand for industrial barcode scanners because of the increasing demand for factory automation.
In the previous report, a senior research analyst at Technavio stated, “A vital factor stimulating growth in this market is the increased adoption of 2D barcodes. In the industrial sector, 2D barcodes such as QR codes, Data Matrix barcodes, and PDF417 barcodes are being increasingly used due to their high durability. 2D barcodes are also versatile and are less prone to errors when compared to 1D barcodes. Furthermore, the data from 2D barcodes can still be accessed if around 33% of the data becomes corrupted. The introduction and high preference for 2D barcodes will increase the demand for 2D industrial barcode scanners during the next four years.”
Technavio’s new report on the global industrial barcode scanner market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Key factors contributing to the market growth
- Competitive landscape and market share analysis of the key players
- Market opportunities and factors impeding growth
Technavio’s report on the global industrial barcode scanner market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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