The mobile phone camera-based scanning software market is expected to grow from US$ 243.43 million in 2021 to US$ 403.01 million by 2028; it is estimated to grow at a CAGR of 7.5% during 2021–2028.
A few of the key players in the global mobile-based scanning software market are Scandit, RIOTEC Co. Ltd., Grabba, Marson Technology Co. Ltd., KOAMTAC Cognex Corporation, Datalogic S.p.A, Denso Wave Inc., Infinite Peripherals Inc., and OPTO Electronics Co. Ltd. These companies provide many barcode scanners for mobile phones. For instance, RIOTEC Co. Ltd. offers AndroScan mobile barcode scanners for Android phones with USB OTG. This scanner can transform a smartphone into a data collector by bringing it into another data capture environment. It can be used in retail, logistics, and warehouse management with the help of several apps. Further, Cognex Corporation provides mobile barcode software development kit (SDK) that offers a unified solution for enterprise-grade barcode scanning. The kit works with any compatible reader, including the built-in camera on a smartphone or tablet, MX Series mobile barcode reader, MX Series mobile terminal, and even embedded systems. The Cognex Mobile Barcode SDK combines the Manatee Works Mobile Barcode SDK with the proven DataMan SDK technology, delivering a best-in-class software tool for every aspect of mobile barcode scanning. The high level of competition among players is driving the global mobile-based scanning software market substantially.
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Mobile Phone Camera-Based Scanning Software Market: Strategic Insights
Market Size Value in US$ 243.43 million in 2021 Market Size Value by US$ 403.01 million by 2028 Growth rate CAGR of 7.5% during 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Mobile Phone Camera-Based Scanning Software Market: Strategic Insights
Market Size Value in | US$ 243.43 million in 2021 |
Market Size Value by | US$ 403.01 million by 2028 |
Growth rate | CAGR of 7.5% during 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Impact of COVID-19 Pandemic on Mobile Phone Camera-Based Scanning Software Market
Impact of COVID-19 Pandemic on Mobile Phone Camera-Based Scanning Software Market
The COVID-19 pandemic has shaken several industries. The tremendous spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and humans movement. Due to travel bans, mass lockdowns, and business shutdowns, industries have been affected severely. The lockdown imposition has resulted in lesser production of commodities, goods, and services over the last one and a half years.
In 2020, the continuous rise in the number of virus-infected patients had governments put a bar on the transportation of humans and goods. The manufacturing sector has witnessed severe losses due to the temporary shutdown of factories and low production volumes, which harmed the global logistics sector to great extent. Additionally, governments' social or physical distancing measures have led logistics service providers to limit their operations, negatively impacting the mobile phone camera-based scanning software market during 2020. However, in 2021, with the uplifting of lockdown and vaccination processes, various industries, such as retail and hospitality, reopened and the mobile phone camera-based scanning software market has regained momentum.
Lucrative Regions for Mobile Phone Camera-Based Scanning Software Providers
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Lucrative Regions for Mobile Phone Camera-Based Scanning Software Providers
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Mobile Phone Camera-Based Scanning Software Market Insights
Increasing Use of Barcode Scanning Fuels Market Growth
Barcode scanning is increasingly used in various applications across several industries to improve efficiency in multiple ways, mostly in retail stores, logistics, and other places where inventory tracking is necessary. Barcodes reduce human error to a great extent, are effective in helping organizations conserve resources, save money, and improve productivity. For instance, in the case of healthcare centers, switching from manual data entry to mobile-based barcode software helps eliminate preventive errors that can lead to inpatient death. Thus, when implemented correctly, mobile-based barcode scanning helps reduce medication errors in various healthcare centers. With the widespread use of smartphones—approximately 3.5 billion users across the world have adopted smartphones in their working lives—barcode scanning is also rising.
There are several mobile-based barcode scanning software available in the market. For instance, Scandit provides barcode scanning software that supports more than 20,000 models of smart devices, including android smartphones. Their mobile-based scanning software works well on a camera with a shutter speed that lengthens when light is low. The image stabilization feature prevents blur at slower shutter speeds. With the rise in barcode scanning, the demand for mobile phone camera-based scanning software has increased significantly, supporting the global market.
Application - Based Market Insights
Based on application, the mobile phone camera-based scanning software market is segmented into retail, logistics, healthcare, hospitality, postal, and others. In 2020, the retail segment led the market with the largest share.
Mobile Phone Camera-Based Scanning Software Market, by Application, 2020 and 2028 (%)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Operating System-Based Market Insights
Based on operating system, the mobile phone camera-based scanning software market is segmented into Android and iOS. In 2020, the Android segment accounted for the largest market share.
The players operating in the mobile phone camera-based scanning software market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In October 2021, Apple iOS 15 is now fully compatible with barcode scanner manufactured by KOAMTAC, Inc., a leading manufacturer of Bluetooth companion barcode scanners, RFID Sleds, mPOS systems, and enterprise charging solutions. The KDC scanners, including popular offerings such as the KDC180, KDC280, and KDC470, are small Bluetooth barcode scanners that can perform a variety of data collecting tasks in warehousing, healthcare, retail/e-commerce, transportation and logistics, and manufacturing industries.
- In February 2021, Scandit, the leading provider of an enterprise technology platform for mobile computer vision and augmented reality (AR), has announced that Consignor, a multi-carrier shipping solution, has integrated Scandit's Barcode Scanner SDK into its new Scan App Pro.
The global mobile phone camera-based scanning software market has been segmented as mentioned below:
By Application
- Retail
- Logistics
- Healthcare
- Hospitality
- Postal
- Others
By Operating System
- Android
- iOS
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Scandit
- RIOTEC Co., Ltd.
- Grabba
- MARSON TECHNOLOGY CO., LTD.
- KOAMTAC
- Cognex Corporation
- Datalogic S.p.A
- Denso Wave Inc.
- Infinite Peripherals Inc
- OPTO Electronics Co., Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and Operating System
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Increasing use of barcode scanning and presence of limited market players are driving the growth of the mobile phone camera-based scanning software market. These factors are propelling the adoption of mobile phone camera-based scanning software for retail, logistics, healthcare, hospitality, postal applications.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including mobile phone camera-based scanning software market. Further, the emergence of budget-centric smartphones and growing delivery business worldwide are presenting significant potential for the future growth of the mobile phone camera-based scanning software market players.
Based on application, the mobile phone camera-based scanning software market can be bifurcated into retail, logistics, healthcare, hospitality, postal, others. The increasing use of mobile scanning software in retail, logistics, healthcare and other industries is driving the growth of the mobile phone camera-based scanning software market across the globe. In order to generate fresh demand, mobile identification solutions that provide access to vital information such as positive identity verification benefits verification, arrest records, restraining orders, and wants and warrants have become increasingly popular. The possibility to employ existing cellphones as enabling devices has pushed the market forward. Therefore, the global mobile phone camera-based scanning software market was dominated by the retail segment with market share of 38.0% in 2020.
In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. North America is a prospective market for mobile phone camera-based scanning software developers.
The major companies in mobile phone camera-based scanning software includes Scandit; RIOTEC Co., Ltd.; Grabba; MARSON TECHNOLOGY CO., LTD.; KOAMTAC; Cognex Corporation; Datalogic S.p.A; Denso Wave Inc.; Infinite Peripherals Inc; and OPTO Electronics Co., Ltd.
A smartphone's operating system (OS) is a vital component that allows the device to function properly. A smartphone's operating system controls both software and hardware to provide a seamless user experience. The most popular smart phone operating systems are Android and iOS. Based on operating systems, the mobile phone camera-based scanning software is categorized into android, iOS. Therefore, the global mobile phone camera-based scanning software market was dominated by the android segment with market share of 62.0% in 2020.
The List of Companies - Mobile Phone Camera-Based Scanning Software Market
- Scandit
- RIOTEC Co., Ltd.
- Grabba
- MARSON TECHNOLOGY CO., LTD.
- KOAMTAC
- Cognex Corporation
- Datalogic S.p.A
- Denso Wave Inc.
- Infinite Peripherals Inc
- OPTO Electronics Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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