North America Barcode Software Market Growth Drivers and Forecast by 2027
North America Barcode Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application (Package Tracking, Employee Attendance and Time Tracking, Asset Management, and Others) and End-User (BFSI, Transportation and Logistics, Manufacturing, Healthcare, Retail, and Others)
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027- Status : Published
- Report Code : TIPRE00022214
- Category : Technology, Media and Telecommunications
- No. of Pages : 110
- Available Report Formats :
The barcode software market in North America is expected to grow from US$ 159.37 million in 2019 to US$ 270.37 million by 2027; it is estimated to grow at a CAGR of 6.9% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Accurate real-time data collection processes at high demand is the major factor driving the North America barcode software market. Barcode software solutions enhance the speed and accuracy of data collection, thereby enabling and empowering companies of all sizes to speed up their business operations. These software products reduce human errors and improve inventory management process. With increasing competition among enterprises in the healthcare, manufacturing, retail, and transportation sectors, among others, the need for accurate data real-time collection technologies has significantly increased, which is creating demand for advance and easy to implement barcode software solutions. TEKLYNX offers label design solutions that help create simple labels with text, images, and barcodes as well as more complex labels complying with different regulations. A few of the key features of TEKLYNX’s barcode software include design and integration capability, comprehensive database connections, and industry-leading label templates. Similarly, Denso ADC, General Data Company, Honeywell International, and Zebra Technologies Corporation offer effective and efficient barcode software solutions for various industry needs and requirements. Manufacturers use barcode software to keep track of their inventory quantities, along with reducing operational risks and eliminating unnecessary delays in business functioning. Many small, mid-size, and large manufacturing companies are seeking more efficient and affordable barcode software solutions, which is driving the overall market.
COVID-19 is having a very devastating impact over the North America region.In 2019, North America held the largest share of the barcode software market, and it is anticipated to hold a substantial share of the market during 2020–2027. The region is characterized by the presence of developed countries such as US and Canada, wherein the adoption of such software solutions is high owing to the huge presence of key technology and software companies. Presently, the US is the world’s worst-affected country by the COVID-19 pandemic that has adversely affected the economic and industry growth in the country, as well as in North America. However, no total lockdown was imposed in the country, and key businesses were operational during the pandemic crisis. In many regions, major companies adopted the remote working practices. Barcode software solutions are utilized in verticals such as healthcare, pharmaceuticals, and transportation and logistics, which were operating irrespective of the pandemic effect. Owing to the continuation of operations in these sectors, the demand for secure and advanced barcode software solutions remained undisrupted in 2020.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America barcode software market. The North America barcode software market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America Barcode Software Market Segmentation
North America Barcode Software Market – By Application
- Package Tracking
- Employee Attendance and Time Tracking
- Asset Management
- Others
North America Barcode Software Market – By End-User
- BFSI
- Transportation and Logistics
- Manufacturing
- Healthcare
- Retail
- Others
North America Barcode Software Market, by Country
- US
- Canada
- Mexico
North America Barcode Software Market - Companies Mentioned
- Bluebird Inc.
- CVISION Technologies
- Datalogic S.P.A.
- DENSO ADC
- Dynamic Systems Inc.
- General Data Company
- Honeywell International, Inc.
- NCR Corporation
- Zebra Technologies Corporation
North America Barcode Software Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 159.37 Million |
| Market Size by 2020-2027 | US$ 270.37 Million |
| CAGR (2020 - 2027) | 6.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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