RFID and Barcode Printer Market Worth 4.81 Billion USD by 2022

According to the new market research report, "RFID and Barcode Printer Market by Type (Industrial, Desktop, Mobile), Technology (Thermal Transfer, Direct Thermal, Inkjet), Resolution (Below 300 dpi, 301-600), Connectivity, Industry (Manufacturing, Retail, Healthcare) - Global Forecast to 2022", published by MarketsandMarkets(TM), the market is expected to be valued at USD 4.81 Billion by 2022, growing at a CAGR of 5.7% between 2017 and 2022.

Industrial printers held the largest size of the RFID and barcode printer market in 2016. Industrial RFID and barcode printers are used for applications such as cross docking, inventory management, lab sample tracking, receiving/shipping, reverse logistics, work-in-process tracking, compliance labeling, information labels, medical record labeling, order labeling, and prescription labeling. Industrial printers are expected to dominate this market during the forecast period due to the increasing demand in developing countries and the need for extracting all information of a particular asset. Due to the growth of the manufacturing industry, the demand for these printers is increasing.