Business & FinanceSci-Tech

2D Barcode Reader Market: Factors Restraining the Growth of the Market

Press Release

The 2D barcode reader is an information interpreter, which is printed on products. These barcodes carry information about the product or service, which increases the efficiency of the business. Tickets, books, food products, parking services, and check-ins & check-outs are some of the examples that include barcodes. At present, use of 2D barcode readers have emerged due to streamlining business, digitalization of accounts, and strict tax reforms globally.

The global 2D barcode reader is driven by rise in digital inventory control, growth in application of centralized software, and government initiatives for tax collection. However, high cost of these systems restrains the market growth. Moreover, increase in investment from retail industry globally is expected to provide new opportunities in the market.

2D Barcode Reader Market

The 2D barcode reader market is segmented based on type, application, and geography. Based on type, it is bifurcated into fixed and potable. Based on the application, it is classified into libraries, retail, parking, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players profiled in the report include Toshiba Tec Corporation, Honeywell International Inc., ZIH Corp, Cognex Corporation, Scandit, Datalogic S.p.A., Wasp Barcode Technologies, RIOTEC CO., LTD., Code Corporation., and Bluebird Inc.

Key Benefits

  • The study provides an in-depth analysis of the global 2D barcode reader market to elucidate the prominent investment pockets from 2016 to 2023.
  • Current trends and future estimations are outlined to determine the overall market scenario.
  • The report provides information about the key drivers, restraints, and opportunities with a detailed impact analysis.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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