Barcode Software Market is expected to reach US$ 1,046.74 Million by 2027

The barcode software market size is expected to reach US$ 1,046.74 million by 2027, registering at a CAGR of 7.1% from 2020 to 2027, according to a new research study conducted by The Insight Partners.

Need for accurate real time data collection process among enterprises to support barcode software market growth during 2020–2027

The report highlights key factors driving the market growth and prominent players with their developments in the market.

Barcode is an automatic identification technology that finds applications in asset management, package tracking, time tracking, and so on. Barcode software solutions help in design and generation of barcodes, offer traceability feature, and read printed barcodes along with providing scanning abilities. The need for accurate real-time data collection process; and increased use of barcode in logistic & transportation and healthcare sector are the key factors driving the barcode software market growth. The barcode software market is segmented on the basis of application,vertical, and geography. Based on application, the market is segmented into asset management, package tracking, employee attendance and time tracking, and others. The asset tracking segment is projected to dominate the market during the forecast period; Based on vertical, the market is segmented into manufacturing, transportation and logistics, retail, healthcare, and others. The manufacturing segment accounted for the largest revenue share in 2019, whereas the transportation and logistics segment is projected to register the fastest CAGR during the forecast period.

Impact of COVID–19 Pandemic on APACBarcodeSoftwareMarket

Asia Pacific is a fast-growing and highly dynamic region in terms of economic growth and positive industrial growth outlook. The region is characterized by the presence of developing countries such as China and India, and many South Asian countries; in these countries, technology investments in various sectors is growing at an impressive pace. The rapid growth of urbanization and industrialization, and presence of huge number of large enterprises and SMEs in APAC make it a promising market for the growth of barcode software market players. In Asia Pacific, continued adoption of barcode software was observed amid the COVID-19 pandemic, mainly to maintain and streamline the supply chain operations. Additionally, barcode software providers in the region worked uninterruptedly during the pandemic period, offering customer support and training.

Barcode SoftwareMarket Breakdown—by Region, 2019 (%)

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Barcode Software Market Size, Statistics Report 2022, 2027

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Barcode Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Application (Package Tracking, Employee Attendance and Time Tracking, Asset Management, and Others); End User (BFSI, Transportation and Logistics, Manufacturing, Healthcare, Retail, and Others), and Geography

The global barcode software market has been segmented as follows:

Barcode Software Market – by Application

• Asset Management
• Pacakage Tracking
• Employee Attendance & Time Tracking
• Other

Barcode Software Market – by End User Manufacturing

• Trasnportation
• Retail
• Healthcare
• BFSI
• Others

Barcode Software Market – by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

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