The 2D Barcode Reader by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company's comprehensive analysis of the 2D Barcode Reader sector, the market has exhibited robust growth in recent years, projecting an escalation from $6.85 billion in 2024 to $7.33 billion in the same year, manifesting a notable compound annual growth rate (CAGR) of 7.0%. This expansion in the historical context can be ascribed to the vigorous economic progress in emerging markets, coupled with the surge in the global population and the heightened adoption of barcode scanners within the healthcare domain.

Anticipating an enduring trajectory of growth, the 2D barcode reader market is poised to burgeon further, envisaging a market size of $9.76 billion by 2028, sustained by a commendable CAGR of 7.4%. This anticipated surge in the forecasted period is underpinned by global population growth, urbanization trends, the exponential rise in e-commerce, augmented expenditure on leisure activities, heightened retail market penetration, increased internet and smartphone usage, and an escalating inclination towards contactless delivery solutions. Noteworthy trends in this upcoming period encompass the adoption of high-speed, omnidirectional readers, the introduction of the next generation of barcode scanners, a concerted focus on technologically advanced reader systems, harnessing AI-empowered reader systems, and the development of barcode scanners tailored for web applications.

The increase in demand in the e-commerce and logistics sectors is expected to propel the growth of the 2D barcode reader market over the coming years. The growing incidence of online shopping is considered one of the driving factors for the growth in the e-commerce and logistics sectors, leading to the deployment of more distribution centers and warehouses and driving the 2D barcode reader industry. The Indian market for e-commerce increased by 36% in 2020 and is expected to reach up to USD 111 billion by 2024, leading to the increasing growth rate of the 2D barcode reader market as well. Therefore, the growing e-commerce and logistics industries drive the 2D barcode reader market.

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The 2d barcode reader market covered in this report is segmented –
1) By Reader Type: Cord, Cordless
2) By Application: Warehousing, Logistics, E-Commerce, Factory Automation, Brick and Mortar
3) By End User: Retail, Hospitality, Transportation and logistics, Manufacturing, Healthcare, Others End Users

A pivotal trend discernible in the 2D barcode reader market involves the evolution of technologically advanced reader systems. Diverse cutting-edge barcode readers implemented across the market landscape include QR codes, Data Matrix, PDF417, Aztech 2D, machine vision, digital image scanning, RFID, and decoding technology, among others. The industry is witnessing a notable adoption of RFID technology, exemplified by Denso Wave's launch of the SP1 scanner featuring an autopilot function in December 2021. This innovative RFID scanner empowers smart devices to function as high-speed UHF RFID scanners, doubling scanning speed and managing more intricate data. The incorporation of autopilot functionality not only enhances efficiency but also positions the 2D barcode reader market at the forefront of technological advancement. Moreover, the rising popularity of RGID tags and Near Field Communication (NFC) technology is anticipated to fuel the demand for 2D barcode scanners in the foreseeable future.

The 2d barcode reader market report table of contents includes:
1. Executive Summary
2. 2D Barcode Reader Market Characteristics
3. 2D Barcode Reader Market Trends And Strategies
4. 2D Barcode Reader Market - Macro Economic Scenario
5. Global 2D Barcode Reader Market Size and Growth

......


32. Global 2D Barcode Reader Market Competitive Benchmarking
33. Global 2D Barcode Reader Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 2D Barcode Reader Market
35. 2D Barcode Reader Market Future Outlook and Potential Analysis
36. Appendix

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