Barcode Software Market
Barcode Software Market Study by Package Tracking, Employee Attendance & Time Tracking, and Asset Management for BFSI, Manufacturing, Healthcare, and Retail from 2024 to 2034
Analysis of Barcode Software Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Barcode Software Market Outlook (2024 to 2034)
Revenue from barcode software sales is expected to reach US$ 836.3 million in 2024, as revealed in an updated market report released by Fact.MR. The global barcode software market is forecast to expand at a CAGR of 6% and reach a value of US$ 1.5 billion by the end of 2034.
Increased demand for barcode software is attributed to its use in gathering real-time data with the expansion of the e-commerce sector. Barcodes are significantly used instead of conventional images used for offering product information. They are used as a convenient method of collecting and scanning information. Prescription administration in hospitals and billing at supermarkets, such as planning and order management during commercial transactions are contributing to the increased use of barcode software for quick and simple transactions.
There is a surging need for barcode labels for the management of supply chain systems in multiple sectors, such as retail, manufacturing, healthcare, and others. With the use of barcode printing software, the stages of inventory control are simplified and improved by generating and recording related product details. Moreover, machines used for barcode generators are simple to use and less expensive, which is contributing to their rising demand.
Obtaining customized software developed according to the desired preferences of end users is contributing to the expanding barcode software market size. The use of barcode software assists in easily tracking units for saving money and time and also ensuring the use of reliable data for decision-making and record keeping. These advantages of barcode software are contributing to their increased popularity.
- North America is expected to hold 24.6% of the global barcode software market share by the end of 2034.
- Demand for barcode software in Japan is forecast to accelerate at a 7.4% CAGR from 2024 to 2034.
- Worldwide demand for barcode software for use in transportation & logistics is estimated to increase at a CAGR of 5.2% and reach a market value of US$ 359.4 million by 2034.
| Report Attribute | Detail |
|---|---|
| Barcode Software Market Size (2024E) | US$ 836.3 Million |
| Forecasted Market Value (2034F) | US$ 1.5 Billion |
| Global Market Growth Rate (2024 to 2034) | 6% CAGR |
| Market Share of Package Tracking (2034F) | 28% |
| South Korea Market Growth Rate (2024 to 2034) | 7.7% CAGR |
| East Asia Market Share (2034F) | 25.8% |
| Key Companies Profiled | Archon Systems Inc.; General Data Company, Inc.; Bluebird Inc.; ZEBEX Industries Inc.; Britecheck; Dynamic Systems Inc.; Zebra Technologies Corporation; Cvision Technologies, Inc.; NCR Corporation; Datalogic S. p. A; Honeywell International Inc.; Denso ADC; TEKLYNX. |
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Why are We Seeing Steady Barcode Software Market Growth?
“Efficient Handling of Store Commodities and Accuracy in Inventory Data Management”
Barcodes are used as a convenient method of collecting and scanning information. Barcode generating software and machines are adopted as a quick and simple means for prescription administration in hospitals and billing at supermarkets. Barcode printing software is used for inventory control to simplify and improve the process by recording and generating concurrent details of products in the line. The software is helping to streamline the complete process of incorporating integrations and minimize the chances of mistakes.
What Issues are Barcode Software Solution Providers Working On?
“Higher Initial Investment and Lack of Digital Literacy among Several Store Owners”
Various advantages are associated with the use of barcode software, such as time-saving. However, the demand for these solutions is hampered by the expensive initial investment as well as the fear of barcode damage while handling and transporting commodities. In addition, a lack of digital literacy in some retail shop owners is also limiting demand for barcode software machines or technology.
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How are New Market Players Establishing a Strong Foothold in This Business?
“Growing Investments in Producing Ready-to-Use Devices”
Startups are entering into collaborations with manufacturers of barcode generator machines to produce ready-to-use devices. They are also focusing on adding some additional relevant features, such as online record-keeping and data transmission facilities to result in the growing adoption of barcode software.
Country-wise Insights
This updated study by Fact.MR, a market research and competitive intelligence provider, reveals that East Asia is expected to hold a share of 25.8% of global market revenue by the end of 2034. Expanding ICT (information & communication technology) companies in the region are driving demand for barcode software solutions for improved operational efficiency.
Why is Use of Barcode Software Solutions High in the United States?
“Well-organized Retail Sector Widening Application Scope of Barcode Software”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 94.9 Million |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 168 Million |
The United States is analyzed to capture a 45.6% share of North American market revenue by 2034-end. The presence of a well-organized retail market along with the growing adoption of barcode software solutions by various shop owners is widening the application scope of these services. In addition, the presence of some leading market players, such as Britecheck, Archon Systems Inc., and General Data Company, Inc., in the country is also contributing to the increased net worth of the United States market.
How are Barcode Software Companies Strategizing in China?
“Growing Investments by Market Players for Creating Robust Infrastructure”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 94.1 Million |
| Growth Rate (2024 to 2034) | 6.9% CAGR |
| Projected Value (2034F) | US$ 183.5 Million |
China is forecast to occupy a 47.5% share of East Asian market revenue by the end of 2034. The ICT (information & communications technology) sector is expanding in the country, which is contributing to the increased use of barcode software. In addition, the active involvement of service providers in creating a robust service infrastructure is also widening the application scope of barcode software in China.
Which Barcode Software Market Trends are Pushing Japan Forward?
“Growing Preference for Barcode Software in Retail Sector for Improved Inventory Management”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 55.6 Million |
| Growth Rate (2024 to 2034) | 7.4% CAGR |
| Projected Value (2034F) | US$ 113.6 Million |
Japan is projected to account for a share of 29.4% of the market in East Asia by 2034. Any company, which is selling its products in Japan must use a barcode as a pivotal step in the retail sector, which is further driving demand for related software as well. These solutions eliminate the requirement of manual entry of any product information while receiving it, thereby minimizing the chances of errors. Inventory tracking, improved efficiency, reduced costs, and minimized chances of errors are some benefits of using barcode software.
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Category-wise Insights
Fact.MR, in its updated report, mentioned that barcode software in the field of transportation is used for enhancing efficiency and streamlining operations. It offers advanced algorithms for facilitating goods tracking and management throughout the supply chain.
Which Application of Barcode Software is Gaining Prominence?
“Rising Deployment of Barcode Software for Smooth and Effective Package Tracking”
| Attribute | Package Tracking |
|---|---|
| Segment Value (2024E) | US$ 250.9 Million |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 419.3 Billion |
Package tracking solutions are estimated to contribute 28% of global market revenue by 2034-end. Barcode scanners are used for scanning incoming deliveries in businesses offering physical goods. They are utilized as a pivotal part of the process used for purchasing and returning goods in warehouses for tracking inventory and packages. They assist shipping carriers in locating and tracking shipments, thereby ensuring an effective delivery process.
Why are Barcode Software Solutions Extensively Deployed in Transportation & Logistics?
“Growing Use of Barcode Software for Enhancing Efficiency and Streamlining Operations”
| Attribute | Transportation & Logistics |
|---|---|
| Segment Value (2024E) | US$ 217.4 Million |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 359.4 Million |
Transportation & logistics are calculated to capture a share of 24% of global market revenue by 2034. Barcoding software plays a vital role in the timely movement of goods while optimizing routing and scheduling. It offers real-time insights into the destinations and contents of shipments and empowers transportation providers to allocate resources judiciously, ensure timely deliveries, and devise more effective routes.
Increased adoption of barcode software presents a noteworthy shift across the logistics & transportation industry, thereby resulting in high operational efficiency, control, and visibility. Further, reliable barcode software enhances the overall customer experience and productivity of logistics by ensuring accurate and prompt delivery of goods.
Competitive Landscape
Key players in the barcode software industry are actively involved in offering quality products and new product development to expand their footprints and thus gain a competitive edge.
For instance :
- General Data Company, Inc. is one of the leading providers of barcode software solutions. It is offering solutions used in prime label packaging for food products and consumer goods while strengthening its portfolio.
Fact.MR provides detailed information about the price points of key providers of barcode software positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Segmentation of Barcode Software Market Research
-
By Deployment :
- On-Premise
- Cloud-based
-
By End User :
- Banking, Financial Institutions, & Insurance (BFSI)
- Transportation & Logistics
- Manufacturing
- Healthcare
- Retail
- Others
-
By Application :
- Package Tracking
- Employee Attendance & Time Tracking
- Asset Management
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
- FAQs -
What is the size of the barcode software market in 2024?
The global barcode software market is valued at US$ 836.3 million in 2024.
What are the sales projections for barcode software solutions by 2034?
Global sales of barcode software solutions are calculated to reach US$ 1.5 billion by 2034.
At what rate is the demand for barcode software projected to increase?
The global market is approximated to advance at 6% CAGR from 2024 to 2034.
How much share of global market revenue is East Asia evaluated to account for?
East Asia is forecasted to hold 25.8% of the global market share by 2034.
At what CAGR is the demand for barcode software analyzed to accelerate in South Korea?
Demand for barcode software in South Korea is projected to climb at a CAGR of 7.7% from 2024 to 2034.
What is the market scenario for the transportation & logistics segment?
The transportation & logistics segment is projected to increase at 5.2% CAGR and reach a value of US$ 359.4 million by 2034.
Who are some of the leading market players?
Some of the prominent companies are Archon Systems Inc., General Data Company, Inc., Bluebird Inc., ZEBEX Industries Inc., and Britecheck.
Do barcode scanners need software?
Barcodes are used in a greater way for inventory organization. However, for making the most of these barcodes, barcode reader software programs are pivotal.
Barcode Software Market