Barcode Scanner Market account for US$ 10.8 Bn by 2027-end

The global barcode scanners market will expand at a CAGR of 7.6% over the forecast period (2017–2027) and account for US$ 10.8 Bn by 2027-end. During the same duration, the market is also expected to reflect a CAGR of 6.4% in terms of volume, reaching 38.7 Mn units over 2027-end. Around 20.7 Mn units of barcode scanners are expected to be sold by the end of 2017.

Currently, barcode solutions are being used across various domains owing to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date on which the product was supplied to the retailer and selling price. Moreover, the emergence of e-commerce and intra-regional markets that offer specialised services to a wide range of sectors has further expanded its application base.