The barcode software market in SAM is expected to grow from US$ 49.24 million in 2019 to US$ 80.81 million by 2027; it is estimated to grow at a CAGR of 6.5% from 2020 to 2027.
Brazil and Argentina are major economies in SAM. Various industries including logistics & transportation and healthcare sectors highly adopting barcode software is the major factor driving the SAM barcode software market. The use of advanced and efficient barcode software has increased in the logistics and transportation, and healthcare sectors, among others. In the healthcare sector, the technology assists in ensuring enhanced patient safety and operational efficiency. The barcode technology helps organize the processes such as patient admission, identification, medication, and care. It also helps health care providers to aid correct treatment to the patients through appropriate medicines and care. In the logistics and transportation vertical, the barcode technology assists in asset tracking, stock maintenance, employee attendance, and time management. It improves supply chain management and helps companies in this sector to gain an edge over their competitors. The barcode software solutions are designed to help logistics and transportation companies in tracking shipment based on parameters such as point of origin, date, destination, and dimension. Further, the technology also assists logistics and freight operators to run operations smoothly. The technology is suitable for large as well as small and mid-size logistic firms, which fuels the barcode software market growth.
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.
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 SAM barcode software market. The SAM barcode software market is expected to grow at a good CAGR during the forecast period.
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SAM Barcode Software Market Segmentation
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
SAM Barcode Software Market - Companies Mentioned
- Datalogic S.P.A.
- DENSO ADC
- Honeywell International, Inc.
- NCR Corporation
- Zebra Technologies Corporation
South America Barcode Software Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 49.24 Million |
| Market Size by 2027 | US$ 80.81 Million |
| Global CAGR (2020 - 2027) | 6.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | South and Central 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 - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Brazil, Argentina
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- Datalogic S.P.A.
- DENSO ADC
- Honeywell International, Inc.
- NCR Corporation
- Zebra Technologies Corporation
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