Global Barcode Label Printer Market Estimated for Steady Growth at a CAGR of 3.5
Posted by Daniel Web on January 14th, 2019
Looking at the current trends across the Barcode Label Printer market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Barcode Label Printer Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Barcode Label Printer market together with their market value.
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Barcode Printer is a printer designed to produce barcode labels which can be attached to other objects, which is used to print labels or tags directly on physical objects. Barcode label printers are used for printing barcodes and product labels. These printers are slightly different from traditional printers as these printers use various types of consumables to achieve a barcode print image. Barcode printers are specialty printers which enable the printing of barcode labels or tags that can be directly printed on or attached to physical objects.
Increased use in organized retail for labeling and point of sale purposes is expected to drive the barcode printers market over the forecast period. Increased demand for barcode wristbands is expected to favorably impact market growth. Furthermore, the trend of mobile sales workforce carrying out on-field transactions has augmented the demand for mobile printers that are capable of connecting wirelessly to the organizations network and printing receipts on the spot. Increased adoption of radio frequency identification (RFID) which offers several advantages over barcodes is expected to pose a challenge to industry growth.
The Barcode Label Printer market was valued at 1960 Million US$ in 2018 and is projected to reach 2570 Million US$ by 2025, at a CAGR of 3.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Barcode Label Printer.
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About the AuthorDaniel Web
Joined: December 7th, 2016
Articles Posted: 188
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