2d Barcode Reader Market
PUBLISHED: 2022 ID: SMRC19249
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2d Barcode Reader Market

2D Barcode Reader Market Forecasts to 2028 – Global Analysis By Type (Data Matrix Code, QR Codes), Product (Fixed, Handheld), Technology (Camera-Based Reader, Charge Coupled Device (CCD) Reader) and By Geography

4.8 (34 reviews)
4.8 (34 reviews)
Published: 2022 ID: SMRC19249

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $6.88 BN

Projected Year Value (2028)

US $10.69 BN

CAGR (2021 - 2028)

6.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Middle East & Africa


According to Stratistics MRC, the Global 2D Barcode Reader Market is accounted for $6.88 billion in 2021 and is expected to reach $10.69 billion by 2028 growing at a CAGR of 6.5% during the forecast period. 2D barcodes permit products to be tracked within the premises as well as at remote locations. However, they can be read only using a barcode reader. As such, a barcode reader happens to be a core factor for decoding and interpreting the data stored in a barcode. The use of 2D barcodes has become widespread as barcode data collection automation is emerging as a smart solution to eliminate human errors and increase productivity.



Market Dynamics:

Driver:

Rising Demand in the E-Commerce


With the growing circulation of the internet, digital shopping is becoming more convenient and gained popularity among consumers worldwide. The introduction of wireless technology has strengthened the shift to digital shopping. The barcode scanners are also integrated with high-speed, wireless networks that can help in reducing long waiting times in retail stores. Thus, combining bar code scanners with automated billing systems is making the shopping process transparent, faster, and efficient and at the same time, it enhances the satisfaction of the consumers. These factors are encouraging businesses to opt for this which are driving the growth of the market.

Restraint:

High Cost of Raw material 


The higher cost of the 2D barcode reader is a key factor that can hamper the growth of the global market. In addition, 2D barcode readers are costlier than 1D barcode readers due to new technology. Specialized hardware and software scanners are required to generate and decode these barcodes which can be expensive. The complex algorithm needs to be designed for 2D barcodes which make things much more complex as compared to linear barcodes.

Opportunity:

Increasing Usage in Numerous Healthcare Facilities


Several healthcare facilities in the U.S. use barcode technology to prevent errors in the identification of patients throughout their admission process, organize the patient admittance process, and track the care admission and medication being administered to patients. Each patient is given a unique barcode wristband, which is linked to the facility’s computers, thereby ensuring a unique patient record. When a nurse scans the wristband for the medication to be administered, it is sent to the central computer, where a software cross-checks various databases, and either an approval is generated or a warning is triggered. In event of a mismatch between the barcode label on the medication and the patient’s record, a warning is issued, which in turn, helps in avoiding any medication errors. This eventually drives process optimization and increases the usability of 2D barcode readers across the healthcare sector.

Threat:

Highly Competitive


Due to the increase in the new entrances, witness strong competition among numerous key players operating in the market. Additionally, small players are trying to enter the market owing to the increasing demand. Performance, design, and ergonomics are among the top factors of competition among 2D-barcode vendors.

Warehousing segment is expected to be the largest during the forecast period

The segment is expected to dominate the market over the forecast period. As online retail has gained traction over the past decade, it continues to expand at a healthy pace across the globe, with developments in warehousing and logistics playing a significant role in its overall growth. To ensure accurate tracking of products within the online shopping industry, it has become of paramount importance to maintain sales information, precise lead timing, and product tracking in the supply chain network. The ability to accurately track products is turning out to be a core requirement for online shopping providers. Thus, the growing need to manage and record sales information of products across the warehousing and logistics areas is emerging as one of the key factors that are expected to drive the growth of the market.

The Handheld segment is expected to have the highest CAGR during the forecast period

Due to the numerous benefits, such as mobility and operational flexibility, handheld barcode readers can offer as compared to fixed barcode readers. Handheld barcode readers are lightweight and compact and hence increase the device portability in a facility while storing and scanning goods and products that are difficult to lift. A handheld reader is typically designed like a handgun and features a trigger and a grip to activate the scanning operation.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to increasing investments and funds and in the healthcare & pharmaceuticals, transportation, military applications, and other sectors in the countries such as China and India. The aspects such as modern life and an increasing number of businesses in online platforms in China have resulted in increased demand for the 2D reader in the country. There is a massive manufacturing industry and they are getting support from the government encouraging them to adopt advanced technology to improve their business activity. The increasing popularity of e-commerce and retail distribution is anticipated to boost the adoption of barcode readers, as this device helps in improving business logistics.

Region with highest CAGR:

The Middle East & Africa is projected to have the highest CAGR, the rapidly-changing customer preferences for more convenient and less time-intensive retail experiences coupled with the advent of digitalization in the retail industry are driving the growth of the e-commerce industry across the Gulf countries. The growing levels of per capita income across the region, increasing social media penetration, and continued rollout of high-speed internet networks are expected to encourage buyers to shop online. As e-commerce sales continue to increase, new startups are expected to build warehouses and storage facilities to cater to the rising e-commerce sales. The subsequent need to manage and record the sales information of products and track the inventory in the warehouses is expected to drive the growth of the MEA regional market.



Key players in the market:

Some of the key players in 2D Barcode Reader Market include Casio Computer Co., Ltd, Cognex Corporation, Datalogic S.p.A, Denso Wave Incorporated, General Data Company Inc, Honeywell International, Inc, JADAK, a Novanta Company, Juniper Systems, Inc, Keyence Corporation, Marson Technology Co., Ltd., Omron Microscan Systems, Inc, SATO Holdings Corporation, Scandit AG, SICK AG, Unitech Electronics Co., LTD., Zebra Technologies Corp.

Key developments:

In April 2021: Sick launched its first vision camera. This camera has a pre-installed Deep Learning app onboard to make it easy to develop custom quality inspections of complicated or irregular-shaped goods, packaging & assemblies, specifically the place where they have earlier defied automation utilizing traditional systems.

In April 2020: Cognex Corporation launched its DataMan 475 Inline Barcode Verifier (475V). This launch provides contract-compliant assurance as per the International Organization for Standardization (ISO), this high-speed system offers the most reliable code verification & quality reporting for 1D, 2D, and direct part mark (DPM) codes.

In December 2020: Honeywell launched the latest N4680 Decoded 2D scan engine series. The compact design, snappiness and global shutter with a high motion tolerance makes it appropriate for next-generation medical diagnostic gadgets, mobile payments, handheld scanners, electronic appliances, kiosks, and vending machines.

In February 2018: Zebra Technologies Corporation launched TC25, a new rugged smartphone especially developed for small- and medium-sized businesses (SMBs). This TC25 empowers field mobility workers to scan barcodes on parts, operate routes, and finish invoices on the spot.

Types Covered: 
• Data Matrix Code
• QR Codes
• PDF417codes
• Aztech 2D Barcodes 

Products Covered:
• Fixed
• Handheld 

Technology’s Covered:
• Camera-Based Reader
• Charge Coupled Device (CCD) Reader
• Laser Scanner
• Omni-Directional Scanner
• Pen-Type Scanner
• Radio Frequency Identification Reader (RFID) Scanner
• Smartphone-Based Scanner
 
Applications Covered:
• Advertisements
• Consumer Goods
• E-commerce & Retail
• Libraries
• Logistics
• Parking
• Tracking & Marketing
• Transportation
• Warehousing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   
 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 Product Analysis  
 3.7 Technology Analysis  
 3.8 Application Analysis  
 3.9 Emerging Markets  
 3.10 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global 2D Barcode Reader Market, By Type   
 5.1 Introduction  
 5.2 Data Matrix Code  
 5.3 QR Codes  
 5.4 PDF417codes  
 5.5 Aztech 2D Barcodes  
    
6 Global 2D Barcode Reader Market, By Product   
 6.1 Introduction  
 6.2 Fixed  
 6.3 Handheld  
    
7 Global 2D Barcode Reader Market, By Technology   
 7.1 Introduction  
 7.2 Camera-Based Reader  
 7.3 Charge Coupled Device (CCD) Reader  
 7.4 Laser Scanner  
 7.5 Omni-Directional Scanner  
 7.6 Pen-Type Scanner  
 7.7 Radio Frequency Identification Reader (RFID) Scanner  
 7.8 Smartphone-Based Scanner  
    
8 Global 2D Barcode Reader Market, By Application   
 8.1 Introduction  
 8.2 Advertisements  
 8.3 Consumer Goods  
 8.4 E-commerce & Retail  
 8.5 Libraries  
 8.6 Logistics  
 8.7 Parking  
 8.8 Tracking & Marketing  
 8.9 Transportation  
 8.10 Warehousing  
    
9 Global 2D Barcode Reader Market, By Geography   
 9.1 Introduction  
 9.2 North America  
  9.2.1 US 
  9.2.2 Canada 
  9.2.3 Mexico 
 9.3 Europe  
  9.3.1 Germany 
  9.3.2 UK 
  9.3.3 Italy 
  9.3.4 France 
  9.3.5 Spain 
  9.3.6 Rest of Europe 
 9.4 Asia Pacific  
  9.4.1 Japan 
  9.4.2 China 
  9.4.3 India 
  9.4.4 Australia 
  9.4.5 New Zealand 
  9.4.6 South Korea 
  9.4.7 Rest of Asia Pacific 
 9.5 South America  
  9.5.1 Argentina 
  9.5.2 Brazil 
  9.5.3 Chile 
  9.5.4 Rest of South America 
 9.6 Middle East & Africa  
  9.6.1 Saudi Arabia 
  9.6.2 UAE 
  9.6.3 Qatar 
  9.6.4 South Africa 
  9.6.5 Rest of Middle East & Africa 
    
10 Key Developments   
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 10.2 Acquisitions & Mergers  
 10.3 New Product Launch  
 10.4 Expansions  
 10.5 Other Key Strategies  
    
11 Company Profiling   
 11.1 Casio Computer Co., Ltd.      
 11.2 Cognex Corporation       
 11.3 Datalogic S.p.A.       
 11.4 Denso Wave Incorporated      
 11.5 General Data Company Inc      
 11.6 Honeywell International, Inc      
 11.7 JADAK, a Novanta Company      
 11.8 Juniper Systems, Inc  
 11.9 Keyence Corporation      
 11.10 Marson Technology Co., Ltd.      
 11.11 Omron Microscan Systems, Inc.     
 11.12 SATO Holdings Corporation      
 11.13 Scandit AG       
 11.14 SICK AG        
 11.15 Unitech Electronics Co., LTD.       
 11.16 Zebra Technologies Corp   


List of Tables    
1 Global 2D Barcode Reader Market Outlook, By Region (2020-2028) (US $MN)    
2 Global 2D Barcode Reader Market Outlook, By Type (2020-2028) (US $MN)    
3 Global 2D Barcode Reader Market Outlook, By Data Matrix Code (2020-2028) (US $MN)    
4 Global 2D Barcode Reader Market Outlook, By QR Codes (2020-2028) (US $MN)    
5 Global 2D Barcode Reader Market Outlook, By PDF417codes (2020-2028) (US $MN)    
6 Global 2D Barcode Reader Market Outlook, By Aztech 2D Barcodes (2020-2028) (US $MN)    
7 Global 2D Barcode Reader Market Outlook, By Product (2020-2028) (US $MN)    
8 Global 2D Barcode Reader Market Outlook, By Fixed (2020-2028) (US $MN)    
9 Global 2D Barcode Reader Market Outlook, By Handheld (2020-2028) (US $MN)    
10 Global 2D Barcode Reader Market Outlook, By Technology (2020-2028) (US $MN)    
11 Global 2D Barcode Reader Market Outlook, By Camera-Based Reader (2020-2028) (US $MN)    
12 Global 2D Barcode Reader Market Outlook, By Charge Coupled Device (CCD) Reader (2020-2028) (US $MN)    
13 Global 2D Barcode Reader Market Outlook, By Laser Scanner (2020-2028) (US $MN)     
14 Global 2D Barcode Reader Market Outlook, By Omni-Directional Scanner (2020-2028) (US $MN)    
15 Global 2D Barcode Reader Market Outlook, By Pen-Type Scanner (2020-2028) (US $MN)    
16 Global 2D Barcode Reader Market Outlook, By Radio Frequency Identification Reader (RFID) Scanner (2020-2028) (US $MN)    
17 Global 2D Barcode Reader Market Outlook, By Smartphone-Based Scanner (2020-2028) (US $MN)    
18 Global 2D Barcode Reader Market Outlook, By Application (2020-2028) (US $MN)    
19 Global 2D Barcode Reader Market Outlook, By Advertisements (2020-2028) (US $MN)    
20 Global 2D Barcode Reader Market Outlook, By Consumer Goods (2020-2028) (US $MN)    
21 Global 2D Barcode Reader Market Outlook, By E-commerce & Retail (2020-2028) (US $MN)    
22 Global 2D Barcode Reader Market Outlook, By Libraries (2020-2028) (US $MN)    
23 Global 2D Barcode Reader Market Outlook, By Logistics (2020-2028) (US $MN)    
24 Global 2D Barcode Reader Market Outlook, By Parking (2020-2028) (US $MN)    
25 Global 2D Barcode Reader Market Outlook, By Tracking & Marketing (2020-2028) (US $MN)    
26 Global 2D Barcode Reader Market Outlook, By Transportation (2020-2028) (US $MN)    
27 Global 2D Barcode Reader Market Outlook, By Warehousing (2020-2028) (US $MN)     
28 North America 2D Barcode Reader Market Outlook, By Country (2020-2028) (US $MN)    
29 North America 2D Barcode Reader Market Outlook, By Type (2020-2028) (US $MN)    
30 North America 2D Barcode Reader Market Outlook, By Data Matrix Code (2020-2028) (US $MN)    
31 North America 2D Barcode Reader Market Outlook, By QR Codes (2020-2028) (US $MN)    
32 North America 2D Barcode Reader Market Outlook, By PDF417codes (2020-2028) (US $MN)    
33 North America 2D Barcode Reader Market Outlook, By Aztech 2D Barcodes (2020-2028) (US $MN)    
34 North America 2D Barcode Reader Market Outlook, By Product (2020-2028) (US $MN)    
35 North America 2D Barcode Reader Market Outlook, By Fixed (2020-2028) (US $MN)    
36 North America 2D Barcode Reader Market Outlook, By Handheld (2020-2028) (US $MN)    
37 North America 2D Barcode Reader Market Outlook, By Technology (2020-2028) (US $MN)    
38 North America 2D Barcode Reader Market Outlook, By Camera-Based Reader (2020-2028) (US $MN)    
39 North America 2D Barcode Reader Market Outlook, By Charge Coupled Device (CCD) Reader (2020-2028) (US $MN)    
40 North America 2D Barcode Reader Market Outlook, By Laser Scanner (2020-2028) (US $MN)    
41 North America 2D Barcode Reader Market Outlook, By Omni-Directional Scanner (2020-2028) (US $MN)    
42 North America 2D Barcode Reader Market Outlook, By Pen-Type Scanner (2020-2028) (US $MN)    
43 North America 2D Barcode Reader Market Outlook, By Radio Frequency Identification Reader (RFID) Scanner (2020-2028) (US $MN)    
44 North America 2D Barcode Reader Market Outlook, By Smartphone-Based Scanner (2020-2028) (US $MN)    
45 North America 2D Barcode Reader Market Outlook, By Application (2020-2028) (US $MN)    
46 North America 2D Barcode Reader Market Outlook, By Advertisements (2020-2028) (US $MN)    
47 North America 2D Barcode Reader Market Outlook, By Consumer Goods (2020-2028) (US $MN)    
48 North America 2D Barcode Reader Market Outlook, By E-commerce & Retail (2020-2028) (US $MN)    
49 North America 2D Barcode Reader Market Outlook, By Libraries (2020-2028) (US $MN)    
50 North America 2D Barcode Reader Market Outlook, By Logistics (2020-2028) (US $MN)    
51 North America 2D Barcode Reader Market Outlook, By Parking (2020-2028) (US $MN)    
52 North America 2D Barcode Reader Market Outlook, By Tracking & Marketing (2020-2028) (US $MN)    
53 North America 2D Barcode Reader Market Outlook, By Transportation (2020-2028) (US $MN)    
54 North America 2D Barcode Reader Market Outlook, By Warehousing (2020-2028) (US $MN)    
55 Europe 2D Barcode Reader Market Outlook, By Country (2020-2028) (US $MN)    
56 Europe 2D Barcode Reader Market Outlook, By Type (2020-2028) (US $MN)    
57 Europe 2D Barcode Reader Market Outlook, By Data Matrix Code (2020-2028) (US $MN)    
58 Europe 2D Barcode Reader Market Outlook, By QR Codes (2020-2028) (US $MN)    
59 Europe 2D Barcode Reader Market Outlook, By PDF417codes (2020-2028) (US $MN)    
60 Europe 2D Barcode Reader Market Outlook, By Aztech 2D Barcodes (2020-2028) (US $MN)    
61 Europe 2D Barcode Reader Market Outlook, By Product (2020-2028) (US $MN)    
62 Europe 2D Barcode Reader Market Outlook, By Fixed (2020-2028) (US $MN)    
63 Europe 2D Barcode Reader Market Outlook, By Handheld (2020-2028) (US $MN)    
64 Europe 2D Barcode Reader Market Outlook, By Technology (2020-2028) (US $MN)    
65 Europe 2D Barcode Reader Market Outlook, By Camera-Based Reader (2020-2028) (US $MN)    
66 Europe 2D Barcode Reader Market Outlook, By Charge Coupled Device (CCD) Reader (2020-2028) (US $MN)    
67 Europe 2D Barcode Reader Market Outlook, By Laser Scanner (2020-2028) (US $MN)    
68 Europe 2D Barcode Reader Market Outlook, By Omni-Directional Scanner (2020-2028) (US $MN)    
69 Europe 2D Barcode Reader Market Outlook, By Pen-Type Scanner (2020-2028) (US $MN)    
70 Europe 2D Barcode Reader Market Outlook, By Radio Frequency Identification Reader (RFID) Scanner (2020-2028) (US $MN)    
71 Europe 2D Barcode Reader Market Outlook, By Smartphone-Based Scanner (2020-2028) (US $MN)    
72 Europe 2D Barcode Reader Market Outlook, By Application (2020-2028) (US $MN)    
73 Europe 2D Barcode Reader Market Outlook, By Advertisements (2020-2028) (US $MN)    
74 Europe 2D Barcode Reader Market Outlook, By Consumer Goods (2020-2028) (US $MN)    
75 Europe 2D Barcode Reader Market Outlook, By E-commerce & Retail (2020-2028) (US $MN)    
76 Europe 2D Barcode Reader Market Outlook, By Libraries (2020-2028) (US $MN)    
77 Europe 2D Barcode Reader Market Outlook, By Logistics (2020-2028) (US $MN)    
78 Europe 2D Barcode Reader Market Outlook, By Parking (2020-2028) (US $MN)    
79 Europe 2D Barcode Reader Market Outlook, By Tracking & Marketing (2020-2028) (US $MN)    
80 Europe 2D Barcode Reader Market Outlook, By Transportation (2020-2028) (US $MN)    
81 Europe 2D Barcode Reader Market Outlook, By Warehousing (2020-2028) (US $MN)    
82 Asia Pacific 2D Barcode Reader Market Outlook, By Country (2020-2028) (US $MN)    
83 Asia Pacific 2D Barcode Reader Market Outlook, By Type (2020-2028) (US $MN)    
84 Asia Pacific 2D Barcode Reader Market Outlook, By Data Matrix Code (2020-2028) (US $MN)    
85 Asia Pacific 2D Barcode Reader Market Outlook, By QR Codes (2020-2028) (US $MN)    
86 Asia Pacific 2D Barcode Reader Market Outlook, By PDF417codes (2020-2028) (US $MN)    
87 Asia Pacific 2D Barcode Reader Market Outlook, By Aztech 2D Barcodes (2020-2028) (US $MN)    
88 Asia Pacific 2D Barcode Reader Market Outlook, By Product (2020-2028) (US $MN)    
89 Asia Pacific 2D Barcode Reader Market Outlook, By Fixed (2020-2028) (US $MN)    
90 Asia Pacific 2D Barcode Reader Market Outlook, By Handheld (2020-2028) (US $MN)    
91 Asia Pacific 2D Barcode Reader Market Outlook, By Technology (2020-2028) (US $MN)    
92 Asia Pacific 2D Barcode Reader Market Outlook, By Camera-Based Reader (2020-2028) (US $MN)    
93 Asia Pacific 2D Barcode Reader Market Outlook, By Charge Coupled Device (CCD) Reader (2020-2028) (US $MN)    
94 Asia Pacific 2D Barcode Reader Market Outlook, By Laser Scanner (2020-2028) (US $MN)    
95 Asia Pacific 2D Barcode Reader Market Outlook, By Omni-Directional Scanner (2020-2028) (US $MN)    
96 Asia Pacific 2D Barcode Reader Market Outlook, By Pen-Type Scanner (2020-2028) (US $MN)    
97 Asia Pacific 2D Barcode Reader Market Outlook, By Radio Frequency Identification Reader (RFID) Scanner (2020-2028) (US $MN)    
98 Asia Pacific 2D Barcode Reader Market Outlook, By Smartphone-Based Scanner (2020-2028) (US $MN)    
99 Asia Pacific 2D Barcode Reader Market Outlook, By Application (2020-2028) (US $MN)    
100 Asia Pacific 2D Barcode Reader Market Outlook, By Advertisements (2020-2028) (US $MN)    
101 Asia Pacific 2D Barcode Reader Market Outlook, By Consumer Goods (2020-2028) (US $MN)    
102 Asia Pacific 2D Barcode Reader Market Outlook, By E-commerce & Retail (2020-2028) (US $MN)    
103 Asia Pacific 2D Barcode Reader Market Outlook, By Libraries (2020-2028) (US $MN)    
104 Asia Pacific 2D Barcode Reader Market Outlook, By Logistics (2020-2028) (US $MN)    
105 Asia Pacific 2D Barcode Reader Market Outlook, By Parking (2020-2028) (US $MN)    
106 Asia Pacific 2D Barcode Reader Market Outlook, By Tracking & Marketing (2020-2028) (US $MN)    
107 Asia Pacific 2D Barcode Reader Market Outlook, By Transportation (2020-2028) (US $MN)    
108 Asia Pacific 2D Barcode Reader Market Outlook, By Warehousing (2020-2028) (US $MN)    
109 South America 2D Barcode Reader Market Outlook, By Country (2020-2028) (US $MN)    
110 South America 2D Barcode Reader Market Outlook, By Type (2020-2028) (US $MN)    
111 South America 2D Barcode Reader Market Outlook, By Data Matrix Code (2020-2028) (US $MN)    
112 South America 2D Barcode Reader Market Outlook, By QR Codes (2020-2028) (US $MN)    
113 South America 2D Barcode Reader Market Outlook, By PDF417codes (2020-2028) (US $MN)    
114 South America 2D Barcode Reader Market Outlook, By Aztech 2D Barcodes (2020-2028) (US $MN)    
115 South America 2D Barcode Reader Market Outlook, By Product (2020-2028) (US $MN)    
116 South America 2D Barcode Reader Market Outlook, By Fixed (2020-2028) (US $MN)    
117 South America 2D Barcode Reader Market Outlook, By Handheld (2020-2028) (US $MN)    
118 South America 2D Barcode Reader Market Outlook, By Technology (2020-2028) (US $MN)    
119 South America 2D Barcode Reader Market Outlook, By Camera-Based Reader (2020-2028) (US $MN)    
120 South America 2D Barcode Reader Market Outlook, By Charge Coupled Device (CCD) Reader (2020-2028) (US $MN)    
121 South America 2D Barcode Reader Market Outlook, By Laser Scanner (2020-2028) (US $MN)    
122 South America 2D Barcode Reader Market Outlook, By Omni-Directional Scanner (2020-2028) (US $MN)    
123 South America 2D Barcode Reader Market Outlook, By Pen-Type Scanner (2020-2028) (US $MN)    
124 South America 2D Barcode Reader Market Outlook, By Radio Frequency Identification Reader (RFID) Scanner (2020-2028) (US $MN)    
125 South America 2D Barcode Reader Market Outlook, By Smartphone-Based Scanner (2020-2028) (US $MN)    
126 South America 2D Barcode Reader Market Outlook, By Application (2020-2028) (US $MN)    
127 South America 2D Barcode Reader Market Outlook, By Advertisements (2020-2028) (US $MN)    
128 South America 2D Barcode Reader Market Outlook, By Consumer Goods (2020-2028) (US $MN)    
129 South America 2D Barcode Reader Market Outlook, By E-commerce & Retail (2020-2028) (US $MN)    
130 South America 2D Barcode Reader Market Outlook, By Libraries (2020-2028) (US $MN)    
131 South America 2D Barcode Reader Market Outlook, By Logistics (2020-2028) (US $MN)    
132 South America 2D Barcode Reader Market Outlook, By Parking (2020-2028) (US $MN)    
133 South America 2D Barcode Reader Market Outlook, By Tracking & Marketing (2020-2028) (US $MN)    
134 South America 2D Barcode Reader Market Outlook, By Transportation (2020-2028) (US $MN)    
135 South America 2D Barcode Reader Market Outlook, By Warehousing (2020-2028) (US $MN)    
136 Middle East & Africa 2D Barcode Reader Market Outlook, By Country (2020-2028) (US $MN)    
137 Middle East & Africa 2D Barcode Reader Market Outlook, By Type (2020-2028) (US $MN)    
138 Middle East & Africa 2D Barcode Reader Market Outlook, By Data Matrix Code (2020-2028) (US $MN)    
139 Middle East & Africa 2D Barcode Reader Market Outlook, By QR Codes (2020-2028) (US $MN)    
140 Middle East & Africa 2D Barcode Reader Market Outlook, By PDF417codes (2020-2028) (US $MN)    
141 Middle East & Africa 2D Barcode Reader Market Outlook, By Aztech 2D Barcodes (2020-2028) (US $MN)    
142 Middle East & Africa 2D Barcode Reader Market Outlook, By Product (2020-2028) (US $MN)    
143 Middle East & Africa 2D Barcode Reader Market Outlook, By Fixed (2020-2028) (US $MN)    
144 Middle East & Africa 2D Barcode Reader Market Outlook, By Handheld (2020-2028) (US $MN)    
145 Middle East & Africa 2D Barcode Reader Market Outlook, By Technology (2020-2028) (US $MN)    
146 Middle East & Africa 2D Barcode Reader Market Outlook, By Camera-Based Reader (2020-2028) (US $MN)    
147 Middle East & Africa 2D Barcode Reader Market Outlook, By Charge Coupled Device (CCD) Reader (2020-2028) (US $MN)    
148 Middle East & Africa 2D Barcode Reader Market Outlook, By Laser Scanner (2020-2028) (US $MN)    
149 Middle East & Africa 2D Barcode Reader Market Outlook, By Omni-Directional Scanner (2020-2028) (US $MN)    
150 Middle East & Africa 2D Barcode Reader Market Outlook, By Pen-Type Scanner (2020-2028) (US $MN)    
151 Middle East & Africa 2D Barcode Reader Market Outlook, By Radio Frequency Identification Reader (RFID) Scanner (2020-2028) (US $MN)    
152 Middle East & Africa 2D Barcode Reader Market Outlook, By Smartphone-Based Scanner (2020-2028) (US $MN)    
153 Middle East & Africa 2D Barcode Reader Market Outlook, By Application (2020-2028) (US $MN)    
154 Middle East & Africa 2D Barcode Reader Market Outlook, By Advertisements (2020-2028) (US $MN)    
155 Middle East & Africa 2D Barcode Reader Market Outlook, By Consumer Goods (2020-2028) (US $MN)    
156 Middle East & Africa 2D Barcode Reader Market Outlook, By E-commerce & Retail (2020-2028) (US $MN)    
157 Middle East & Africa 2D Barcode Reader Market Outlook, By Libraries (2020-2028) (US $MN)    
158 Middle East & Africa 2D Barcode Reader Market Outlook, By Logistics (2020-2028) (US $MN)    
159 Middle East & Africa 2D Barcode Reader Market Outlook, By Parking (2020-2028) (US $MN)    
160 Middle East & Africa 2D Barcode Reader Market Outlook, By Tracking & Marketing (2020-2028) (US $MN)    
161 Middle East & Africa 2D Barcode Reader Market Outlook, By Transportation (2020-2028) (US $MN)    
162 Middle East & Africa 2D Barcode Reader Market Outlook, By Warehousing (2020-2028) (US $MN)    

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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