Barcode Scanner Market Research Report 2021 - Global Forecast till 2031
As per a study by FMI, the global barcode scanner market is expected to reach a valuation of US$7bn and grow at a CAGR of 7.6% between 2021 and 2031. Despite the outbreak of COVID-19, the demand for barcode scanners rose consistently. The market also registered a shift in preference from handheld laser scanning to imaging solutions. According to a study by FMI, the global barcode scanner market registered a CAGR of 5% during its historical period of 2016 to 2020. Expansion of manufacturing facilities, logistics, and e-commerce sectors has presented a conducive environment for barcode scanner sales. Barcode scanning is highly sought-after across various industries as it offers a robust tracking system that prevents risk of incorrect delivery and downtime in transit. Retailers are increasingly adopting the technology for keeping a track of their inventories and products in warehouses and shops. Major retailers such as IKEA, Costco, Carrefour, and Walmart...