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Sales of Barcode Software Is Predicted To Be Valued at US$ 1.4 Bn by 2032; Accuracy in Inventory Data Management Propels The Market

The global barcode software market is anticipated to develop at a moderate rate of 6.3% from 2022 to 2032, according to Fact. most MR’s recent research. The barcode software market share net worth is anticipated to increase from a value of US$ 694.9 Million in 2021 to US$ 1.4 Billion by the year 2032.

Due to the numerous advantages of barcode technology, it has become one of the most widely used strategies for reducing errors and saving time in the retail industry, which is increasing the need for barcode software among several businesses. The use of barcode software has also given solution providers opportunities to focus on the supply chain sector for expansion and income generation by the Users.

Key Main Points

• From 2021 to 2032, the global barcode software market is expected to develop at a compound annual growth rate of approximately US$ 630.8 million.
Based on applications for barcode software across various end-use verticals, the asset management market is expected to experience a CAGR of 6.4 percent and be the fastest-growing segment.
• The United States (US) barcode software market now controls the entire revenue generated, expected to reach roughly US$ 271.5 Million in 2022.
•The fastest-growing market for barcode software is in the Asia Pacific, which has resulted in a record global CAGR of 6.3 percent over the anticipated years.

Competitive Landscape

Dynamic Systems Inc., Cvision Technologies, Inc., Datalogic S. p. A., Denso ADC, General Data Company, Inc., Honeywell International Inc., NCR Corporation, Zebra Technologies Corporation, and ZEBEX Industries Inc. are a few of the well-known companies making a significant contribution to the growth of the global barcode software market.
Recent Market Developments in Gym Apparel • General Data Company announced that by the end of 2020, it would buy AmeriGraph Packaging Group. Following this advancement, prime labels and shrink sleeve packaging for consumer goods and packaged food are now included in General Data’s label conversion capabilities. To better serve its current customers, the company has expanded its portfolio by establishing a distribution center for the southeast.

• Datalogic, a pioneer in data collecting and process automation, announced the mid-2020 release of the MatrixTM320. It is recognized as the most effective and portable fixed-image-based barcode scanner for industrial use. It may offer greater performance and flexibility while enhancing operator safety and lowering the total cost of ownership (TCO).

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