Barcode Printers Market: Rising Demand for Ecommerce could Enable Steady Growth
The
rapid growth of the ecommerce sector in recent years is a key driver
for the global barcode printers market. The increasing penetration of
the Internet and rising implementation of digital banking solutions
has allowed the ecommerce sector to access the populous markets in
emerging regions such as Asia Pacific and Latin America. Barcodes
hold a crucial role in the ecommerce industry, as the lack of direct
engagement between the customer and the seller makes invoices and
other identification systems more important than in conventional
retail. The complicated distribution system of many ecommerce giants
also necessitates the use of convenient identification mechanisms,
thus leading to rising demand from the barcode printers market.
Geographically,
the report examines the performance of the barcode printers market in
North America, Europe, Asia Pacific, and Rest of the World.
Widespread adoption of ecommerce is expected to keep developed
regions such as North America and Europe dominant in the global
barcode printers market in the coming years. However, Asia Pacific
also plays a key role in the development of the global barcode
printers market, as the rising sales of low-cost barcode printers by
Asian companies has resulted in commoditization of the barcode
printers market.
The
ease of employing RFID (radiofrequency identification) tags as an
alternative to barcodes is a key restraint on the barcode printers
market. RFID tags are also more convenient to detect than barcodes,
as barcodes need specialized software for recognition.
The
growth of the global ecommerce industry is likely to remain a vital
driver for the global barcode printers market, according to a new
report from Transparency Market Research (TMR). The report studies
the historical trajectory exhibited by the barcode printers market up
to 2015, and presents a detailed analysis of the market’s figures
in 2015. The various factors having a determinant impact on the
growth trajectory of the global barcode printers market are assessed
in the report to provide readers with a clear view of the influential
dynamics likely to affect their growth strategies in the coming
years. The report is titled ‘Barcode Printers Market - Global
Industry Analysis, Market Size, Share, Growth, Trends and Forecast,
2016 – 2024.’
The
report takes a close look at the hierarchy of the global barcode
printers market by various criteria. By end use, the market is
segmented into retail, industrial (manufacturing), healthcare,
government and commercial, and transportation and logistics. Of
these, the retail and manufacturing sectors are likely to play a
crucial role in the growth of the barcode printers market in the
coming years. Barcode printers are also likely to witness a rise in
demand from the healthcare sector due to the steady adoption of
centralized electronic health record systems, which often require
patients to be tagged with an identifying barcode.
Market
Insight can be Viewed @
http://www.transparencymarketresearch.com/barcode-printers-market.html
The
report also provides a detailed overview of the global barcode
printers market’s competitive dynamics by profiling leading market
players such as Toshiba TEC Corporation, Avery Dennison Corporation,
Honeywell International Inc.
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