Mobile Phone Camera-Based Scanning Software Market Scope 2031
The mobile phone camera-based scanning software market size is projected to reach US$ 491.4 million by 2031 from US$ 268.1 million in 2023. The market is expected to register a CAGR of 7.8% during 2023–2031. Integration of software with cloud platforms is likely to remain a key trend in the market.
Mobile Phone Camera-Based Scanning Software Market Analysis
Scanning software is poised to transform the way businesses operate, providing a multitude of advantages over traditional hardware barcode scanners. By embracing a software-based scanning solution, businesses can increase efficiency, improve accuracy, and gain valuable insights, ultimately resulting in growth and success. Barcode scanning software has revolutionized various industries, including retail, for streamlining inventory management, product tracking, and checkout processes. In logistics automating data collection, tracking shipments, and optimizing warehouse operations. In healthcare, enhancing patient identification, medication administration, and medical record management.
Mobile Phone Camera-Based Scanning Software Market Overview
Barcode Scanning Software uses software algorithms to decode barcodes collected with digital cameras or mobile devices. Unlike hardware barcode scanners, which need specialist equipment, barcode software solutions can be integrated into current devices and applications, providing greater flexibility and cost savings. Scanning software is commonly referred to as a Barcode Scanner API, or simply barcode API. Barcode Scanning Software offers a multitude of benefits over traditional hardware barcode scanners. It offers flexibility, and solutions can be easily adjusted to various scanning scenarios and camera configurations, making them suitable for a variety of applications. The software eliminating the need for specialized hardware reduces upfront costs. Additionally, scanning software solutions often require minimal maintenance and updates, reducing long-term costs.
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Mobile Phone Camera-Based Scanning Software Market: Strategic Insights
Market Size Value in US$ 243.43 million in 2021 Market Size Value by US$ 403.01 million by 2028 Growth rate CAGR of 7.5% during 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Mobile Phone Camera-Based Scanning Software Market: Strategic Insights
| Market Size Value in | US$ 243.43 million in 2021 |
| Market Size Value by | US$ 403.01 million by 2028 |
| Growth rate | CAGR of 7.5% during 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Mobile Phone Camera-Based Scanning Software Market Drivers and Opportunities
Increasing Use of Barcode Scanning to Favor Market
Companies, warehouses, and other facilities that rely on manual data entry suffer from a high rate of human mistakes. Employees who input data by hand are far too likely to reverse numbers, skip a line, misunderstand a number, or use terrible handwriting that others cannot read. Barcodes, on the other hand, significantly reduce the likelihood of human error to the point of almost eliminating it. Barcode scans are more efficient, reliable, and less time-consuming than manual data entry. Companies that are struggling to reduce inventory carrying costs also benefit from implementing barcode programs. Barcodes empower companies to update inventory in real time with immediate, accurate updates that deliver true inventory counts. More accurate inventory counts contribute to improved efficiency because they enable companies to establish more accurate delivery times, a more accurate definition of inventory costs, and a higher price to market. Thus increasing us of barcodes and driving the growth of camera-based barcode scanning software.
Integration of Software with Existing System
Mobile phone camera-based scanning software offers a range of features and capabilities that go beyond traditional barcode scanning, including data collection, processing, and integration with existing systems or software. They can synchronize data with central databases, communicate with POS systems or inventory management software, and transfer information wirelessly to ensure real-time updates and accuracy. This software can be customized or developed to seamlessly integrate with existing systems like inventory management software, point-of-sale (POS) systems, customer relationship management (CRM) software, and enterprise resource planning (ERP) systems. This compatibility empowers businesses to harness their existing software infrastructure, optimizing operational efficiency to the fullest extent possible. Thus, integration with existing systems creates an opportunity for the growth of the marker.
Mobile Phone Camera-Based Scanning Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the mobile phone camera-based scanning software market analysis are application and operating system.
- Based on application, the mobile phone camera-based scanning software market is segmented into retail, logistics, healthcare, hospitality, postal, and others.
- In terms of operating systems, the market is segmented into Android and iOS.
Mobile Phone Camera-Based Scanning Software Market Share Analysis by Geography
The geographic scope of the mobile phone camera-based scanning software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. North America is a developed country with the presence of various software developers and digital solutions providers. Enterprises across North America are embracing software and digital solutions. The development of smartphone technology is becoming more sophisticated across regions; more developers are trying to increase the capability of smartphones. One such functionality was the use of camera technology not only as an image-capturing device but also as a scanner substitution device to increase productivity.
Mobile Phone Camera-Based Scanning Software Market Report Scope
Mobile Phone Camera-Based Scanning Software Market News and Recent Developments
The mobile phone camera-based scanning software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the mobile phone camera-based scanning software market are listed below:
- Scandit, the enterprise technology platform for mobile computer vision and augmented reality (AR) has announced that Consignor, a multi-carrier shipping solution, has integrated Scandit's Barcode Scanner SDK into its new Scan App Pro, allowing for fast and reliable scanning with an unrivaled barcode library. (Source: Scandit., February 2021)
- Scandit, the leading technology platform for mobile computer vision and augmented reality (AR) solutions for businesses announced that grocery retailer MAXIMA had integrated Barcode Scanner SDK into its MAXIMA mobile app, allowing customers in 84 stores across Estonia to do self-scanning shopping using their smartphone. (Source: Scandit, June 2021)
Mobile Phone Camera-Based Scanning Software Market Report Coverage and Deliverables
The “Mobile Phone Camera-Based Scanning Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Mobile phone camera-based scanning software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Mobile phone camera-based scanning software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Mobile phone camera-based scanning software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the mobile phone camera-based scanning software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and Operating System
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the mobile phone camera-based scanning software market in 2023.
Increasing use of barcode scanning is the major factors that propel the global mobile phone camera-based scanning software market.
Integration of software with cloud platforms to play a significant role in the global mobile phone camera-based scanning software market in the coming years.
The leading players operating in the global mobile phone camera-based scanning software market are Scandit, RIOTEC Co., Ltd., Grabba, MARSON TECHNOLOGY CO., LTD, KOAMTAC, Cognex Corporation, Datalogic S.p.A, Denso Wave Inc., Infinite Peripherals Inc, and OPTO Electronics co., Ltd.
The global mobile phone camera-based scanning software market is expected to reach US$ 491.4 million by 2031.
The market is expected to register a CAGR of 7.8% during 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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