Increasing Adoption of 2D Barcodes is Driving the Global Barcode Scanner Market

According to the latest market study released by Technavio, the global barcode scanner market is projected to grow to USD 6.3 billion by 2021, at a CAGR of more than 4% over the forecast period.

Handheld barcode scanners are utilized to make optimal resource utilization through asset tracking and inventory management. These portable barcode scanners are lightweight and compact, which makes them suitable to cover large areas in places like warehouses. Also, the handheld portable barcode scanners are very affordable, which has led to their wide-scale adoption by global retailing giants such as Wal-Mart Stores, Carrefour, Metro, and Tesco. These factors will drive the demand for handheld barcode scanners and increase the overall barcode scanning market during the forecast period.