Global ID Barcode Readers In Factory Automation Market - Industry Trends and Forecast to 2025

Global ID Barcode Readers In Factory Automation Market is expected to reach USD 3,029.34 million by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The major factors contributing to the growth of the market includes factors such as growing need for data accuracy and data storage, increasing adoption of barcodes in various industries. On the other hand, high installation costs of barcode reader in factory automation are hampering the market growth.