Asia-Pacific Barcode Software Market to be Driven by Rising Focus Towards Combating Air Pollution by 2028
Rise in the industrial sector is driving the barcode software market in
the forecast period 2024-2028, across the Asia Pacific.
According to TechSci Research report, “Asia-Pacific Barcode Software Market
- By Country, Competition, Forecast & Opportunities, 2018-2028F”, the Asia
Pacific Barcode Software Market is expected to register robust growth during
the forecast period, 2024-2028. The Asia-Pacific Barcode software market
is rising through the forecast period as manufacturers of printers are being
forced to buy barcode software by the steadily increasing demand for label
printers. The system integrator collaborates with the barcode software
suppliers who supply the label printing using barcode technologies. The desire
for technology-integrated barcode software is increasing, which is increasing
the printer makers' purchases of barcode technology. This is accelerating the
market for barcode software.
Barcodes are a kind of automated identification that are used in asset
management, shipment tracking, time tracking, and other fields. Barcode
software solutions support the creation and design of barcodes, provide
traceability functionality, read printed barcodes, and enable scanning. The
primary reasons propelling the growth of the barcode software market are the
requirement for an accurate real-time data gathering procedure, as well as the
growing usage of barcodes in the logistics, transportation, and healthcare
sectors.
Moreover, the need for better inventory management, the rising trend of
industry digitalization, and the expanding need for automated identification
and tracking are the major drivers for the barcode software market. The
development of novel technologies, the expansion of application areas, and the
growing use of cloud-based solutions are some of the other growth factors. The
barcode software market is expected to increase because of rising retail store
numbers, technical advancements, and rising barcode demand.
The Asia Pacific Barcode Software Market is segmented based on Type,
Application, End User, and country. Based on type, the market is bifurcated
into 1D, 2D. Based on Application, the market is segmented into Package
Tracking, Employee Attendance and Time Tracking, Asset Management, and Others.
Based on End User, the market is segmented into BFSI, Transportation and
Logistics, Manufacturing, Healthcare, Retail, and Others.
The package tracking application segment is anticipated to grow at at
high CAGR in this region's market throughout the forecast period. A smooth
track and trace method aids logistic departments in identifying, monitoring,
and locating goods and inventories in real time, enabling quicker and more
efficient responses to any business challenges. Barcode technology improves
overall efficiency by reducing paperwork and human error associated with
tracking and tracing products. Companies that supply barcode solutions for such
applications provide a wide range of capabilities, including Matrix Scan,
augmented reality, and a vast choice of barcode symbols to employ. Small and
medium-sized businesses employ barcode technology extensively across all
industries since it is affordable.
Manufacturing businesses have a higher need for barcode software than
other types of end customers. Businesses operating within the sector search for
barcode solutions that are inexpensive and simple to use.
Retail end-users in the global market comprise both physical stores and online retailers. Retail end-users utilize barcode software to monitor and track assets, enhance their supply chain management, and keep tabs on their workforce. There are a lot of small, medium, and big retail businesses operating all around the world. Walmart, Amazon.com, Inc., Schwarz Group, Alibaba Group, and Costco Wholesale Corporation, are among the biggest retail businesses in existence, according to the National Retail Federation (NRF). These retail businesses are constantly in need of effective barcode technology to track and manage goods and assets so they can keep up a high-quality and timely level of business operation.
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Key market players in the Asia-Pacific Barcode
Software Market include:
- Bluebird,
Inc.
- Capterra
Inc.
- Denso ADC
- Datalogic
S.P.A.
- OCR
Canada Ltd.
- General
Data Company Inc.
- Honeywell
International Inc.
- Motorola
Solutions
- NCR Corporation
- Zebex
Industries Inc
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“China is the world's leading
producer of aerospace, automotive, consumer electronics, and medical
technologies. China's manufacturers see demand from all around the world as
global demand for its goods continues to climb. Regarding the use of automation
solutions like label printers that function well with the installation of
barcode software, China is among the market leaders in Asia and
internationally. Due to ongoing investments in new technologies and an increase
in production facilities, China's barcode software industry is predicted to
have a bright future.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
Asia
Pacific Barcode Software Market, By Type (1D, 2D), By Application (Package
Tracking, Employee Attendance and Time Tracking, Asset Management, Others), By
End User (BFSI, Transportation and Logistics, Manufacturing, Healthcare,
Retail, Others), By Country, By Competition Forecast & Opportunities,
2018-2028F
has assessed
the Asia-Pacific Barcode Software market's future development potential and
provides data and information on market size, structure, and projected market
growth. The report's goal is to give current market knowledge and assist
decision makers in making informed investment decisions. Furthermore, the study
identifies and analyses emerging trends, as well as key drivers, constraints,
and opportunities in the Asia-Pacific barcode software market.
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