South America Barcode Software Market is expected to reach US$ 80.81 million by 2027

Asset Management is Expected to be Fastest growing Segment During Forecast Period for SAM Region

According to The Insight Partners market research study on “SAM Barcode Software Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Application and End User” is expected to reach US$ 80.81 million by 2027 from US$ 49.24 million in 2019. The market is estimated to grow at a CAGR of 6.5% from 2020 to 2027. The report provides trends prevailing in the SAM barcode software market along with the drivers and restraints pertaining to the market growth. Various industries including logistics & transportation and healthcare sectors highly adopting barcode software is among the major factor driving the growth of the SAM barcode software market. However, privacy and threat related problems hinder the growth of SAM barcode software market.    

The SAM barcode software market is segmented based on application and end-user. Based on application, the market is segmented into asset management, package tracking, employee attendance and time tracking, and others. The asset management segment accounted for the largest revenue share in 2019. Based on end-user, the market is segmented into manufacturing, transportation and logistics, retail, healthcare, and others. The manufacturing segment accounted for the largest revenue share in 2019.

Brazil, Argentina, Chile, and Peru are among the key developing countries in SAM, which make this region one of the key potential markets for the barcode software market. Brazil has experienced the worst impact of the COVID-19 outbreak in SAM. The outbreak has weakened the manufacturing capabilities and trade in Brazil and other countries in the region, which has hindered the barcode software market growth in SAM in the past few months. The outbreak and the consequent restrictive measures imposed by various governments to control the outbreak have impacted the growth of economies and various industries in SAM. Nevertheless, there is a continued demand for barcode software from sectors such as healthcare, pharmaceuticals, and transportation and logistics.

Datalogic S.P.A.; DENSO ADC; Honeywell International, Inc.; NCR Corporation; and Zebra Technologies Corporation, are among the leading companies in the SAM barcode software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Datalogic, a global leader in the automatic data capture and process automation markets, is pleased to announce the Matrix™320, the most powerful and compact industrial fixed image-based code reader, capable of providing top performance, flexibility, operator safety, and low Total Cost of Ownership.

The report segments the SAM Barcode Software Market follows:

 SAM Barcode Software Market – By Application

• Package Tracking
• Employee Attendance and Time Tracking
• Asset Management
• Others

SAM Barcode Software Market – By End-User

• BFSI
• Transportation and Logistics
• Manufacturing
• Healthcare
• Retail
• Others

SAM Barcode Software Market – By Country

• Brazil
• Argentina
• Rest of SAM