Market Overview:
The global barcode system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automated systems across various industries and the growing need for tracking and tracing products globally. The global barcode system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into hardware and software. The hardware segment dominates this market owing to its wide adoption in various applications across different industries. On the basis of application, food and beverages accounted for majority share in 2017 owing to its high adoption rate across different regions worldwide.
Product Definition:
Barcode system is a machine-readable code that is printed on products, often in the form of a barcode. The barcode number consists of numbers and letters that represent product information such as the name, size and price. Barcodes are scanned by machines at checkout to identify and track products.
Hardware:
Hardware is the physical devices or tools which are used to input data into a system. The hardware component in barcode scanners includes handheld scanners, desktop scanners, and mobile scanner such as smartphone or tablet.
The growth factor for the barcode systems market can be attributed to factors such as growing demand from various sectors including retail & healthcare, increasing government initiatives for implementation of barcodes across industries and rapid technological advancements in this industry.
Software:
Software is the set of instructions which helps to run the machine and perform a specific task. In barcode system, software is used to read and scan product codes from packaging materials such as boxes, cartons or bottles using a scanner. The scanned data is then transferred to computer where it gets processed for payment processing etc.
Software can be broadly segmented into two categories namely cloud-based and on-premise software.
Application Insights:
The food and beverages application segment accounted for the largest revenue share in 2016. The rising demand for packaged foods is expected to be a key factor driving the market over the forecast period. Moreover, an increase in consumer spending on food and beverages is likely to propel industry growth over the coming years.
The pharmaceutical segment is anticipated to witness lucrative growth during the forecast period owing to increasing adoption of advanced healthcare services coupled with a rise in incidences of chronic diseases such as cancer and diabetes across various regions of the world. Furthermore, stringent government regulations regarding safety & hygiene associated with pharmaceutical products are expected to boost industry expansion over next eight years or so. ¹Increasing demand for generic drugs has led major manufacturers including Pfizer Inc., Novartis AG.
Regional Analysis:
North America dominated the global barcode system market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing adoption of automated inventory management systems, rising demand for efficient supply chain management, and growing retail industry.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to developing economies such as China and India along with other Southeast Asian countries. These countries are experiencing strong economic growth owing to rapid industrialization supported by supportive government policies aimed at promoting foreign direct investments (FDI).
Growth Factors:
- Increasing demand for automated tracking and tracing of goods across the supply chain
- Proliferation of barcode scanning devices, especially hand-held scanners
- Growing popularity of Radio Frequency Identification (RFID) technology
- Rising number of retail outlets and warehouses that require barcode systems for inventory management
- Increasing government initiatives to promote adoption of barcode systems in various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Barcode System Market Research Report
By Type
Hardware, Software
By Application
Food and Beverages, Pharmaceutical, Cosumer Goods, Electronics, Automotive, Others
By Companies
Wasp Barcode Technologies, Acctivate, System ID, Fish Bowl, Asset Panda, Finale Inventory, BarTender, GigaTrak, Clear Spider, Dynamic CAFM, TrackAbout, Barcoding, Inc., Raj Barcode Systems Pvt. Ltd., Best Barcode System Pvt. Ltd., Honeywell, United Barcode Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Barcode System Market Report Segments:
The global Barcode System market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Pharmaceutical, Cosumer Goods, Electronics, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wasp Barcode Technologies
- Acctivate
- System ID
- Fish Bowl
- Asset Panda
- Finale Inventory
- BarTender
- GigaTrak
- Clear Spider
- Dynamic CAFM
- TrackAbout
- Barcoding, Inc.
- Raj Barcode Systems Pvt. Ltd.
- Best Barcode System Pvt. Ltd.
- Honeywell
- United Barcode Systems
Highlights of The Barcode System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Food and Beverages
- Pharmaceutical
- Cosumer Goods
- Electronics
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Barcode System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A barcode system is a type of machine-readable code that can be used to identify and track products or items. Barcodes are typically printed on products, packaging, or labels.
Some of the major companies in the barcode system market are Wasp Barcode Technologies, Acctivate, System ID, Fish Bowl, Asset Panda, Finale Inventory, BarTender, GigaTrak, Clear Spider, Dynamic CAFM, TrackAbout, Barcoding, Inc., Raj Barcode Systems Pvt. Ltd., Best Barcode System Pvt. Ltd., Honeywell, United Barcode Systems.
The barcode system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Barcode System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Barcode System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Barcode System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Barcode System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Barcode System Market Size & Forecast, 2018-2028
4.5.1 Barcode System Market Size and Y-o-Y Growth
4.5.2 Barcode System Market Absolute $ Opportunity
Chapter 5 Global Barcode System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Barcode System Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Barcode System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Barcode System Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Pharmaceutical
6.2.3 Cosumer Goods
6.2.4 Electronics
6.2.5 Automotive
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Barcode System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Barcode System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Barcode System Analysis and Forecast
9.1 Introduction
9.2 North America Barcode System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Barcode System Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Barcode System Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Pharmaceutical
9.10.3 Cosumer Goods
9.10.4 Electronics
9.10.5 Automotive
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Barcode System Analysis and Forecast
10.1 Introduction
10.2 Europe Barcode System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Barcode System Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Barcode System Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Pharmaceutical
10.10.3 Cosumer Goods
10.10.4 Electronics
10.10.5 Automotive
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Barcode System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Barcode System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Barcode System Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Barcode System Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Pharmaceutical
11.10.3 Cosumer Goods
11.10.4 Electronics
11.10.5 Automotive
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Barcode System Analysis and Forecast
12.1 Introduction
12.2 Latin America Barcode System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Barcode System Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Barcode System Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Pharmaceutical
12.10.3 Cosumer Goods
12.10.4 Electronics
12.10.5 Automotive
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Barcode System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Barcode System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Barcode System Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Barcode System Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Pharmaceutical
13.10.3 Cosumer Goods
13.10.4 Electronics
13.10.5 Automotive
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Barcode System Market: Competitive Dashboard
14.2 Global Barcode System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wasp Barcode Technologies
14.3.2 Acctivate
14.3.3 System ID
14.3.4 Fish Bowl
14.3.5 Asset Panda
14.3.6 Finale Inventory
14.3.7 BarTender
14.3.8 GigaTrak
14.3.9 Clear Spider
14.3.10 Dynamic CAFM
14.3.11 TrackAbout
14.3.12 Barcoding, Inc.
14.3.13 Raj Barcode Systems Pvt. Ltd.
14.3.14 Best Barcode System Pvt. Ltd.
14.3.15 Honeywell
14.3.16 United Barcode Systems
