Growing Demand for Portable Barcode Scanner Will Boost (2)
Rick
From Yumite
2016-09-07 17:46:30
Barcodes help maintain data accuracy and inventory management. The emergence and adoption of 2D or quick response (QR) barcodes will drive this market. A 2D barcode capacity ranges from 1.5 KB to 3 KB and helps store more information about products, such as the manufacturer name, customer address, and shipment date. Conversely, 1D barcodes have a capacity of only 1 KB.
In 2014, APAC reported the highest sales of barcode printers. Zebra Technologies is the leading vendor in the barcode printers market. The market for these printers is likely to grow at a CAGR of 4.4% until 2019.
Portability is a major advantage of handheld scanners over fixed ones. Hence, they are highly preferred in transportation, logistics, and manufacturing industries, which are backed by the growing e-commerce market.
In 2014, global sales from retail e-commerce grew by 20% from previous year, reaching USD 840 billion. Alibaba, a China-based e-commerce company saw growth in its logistics business and invested close to USD 206 million in the market. Thus, an increasing demand for logistics in e-commerce and the high adoption rate of 2D imagers will drive the market for handheld scanners and help it grow at a CAGR of 4.4% until 2019.
In 2014, APAC reported the highest sales of barcode printers. Zebra Technologies is the leading vendor in the barcode printers market. The market for these printers is likely to grow at a CAGR of 4.4% until 2019.
Portability is a major advantage of handheld scanners over fixed ones. Hence, they are highly preferred in transportation, logistics, and manufacturing industries, which are backed by the growing e-commerce market.
In 2014, global sales from retail e-commerce grew by 20% from previous year, reaching USD 840 billion. Alibaba, a China-based e-commerce company saw growth in its logistics business and invested close to USD 206 million in the market. Thus, an increasing demand for logistics in e-commerce and the high adoption rate of 2D imagers will drive the market for handheld scanners and help it grow at a CAGR of 4.4% until 2019.