The global barcode market is estimated at nearly $30 billion in 2020, expected to grow over 33% to $40 billion by just 2025. The Indian market itself is expected to grow at a CAGR of 16.8% between 2019-2024. On a closer look, this significant increase in demand, and the sector’s growth, aren’t surprising.
We’re referring to Barcode solutions here – the umbrella term used for a variety of products and features:
⦁ Software that powers traceability and efficient tracking and tracing of inventory
⦁ Supported by hardware components like mobile computers, printers, handheld scanners, infrastructure,
Barcode systems are used to automate data collection to make processes less time-intensive and much more efficient. Specialized software is an integral part of these services – allowing for unparalleled efficiency in tracking and tracing inventory, simplifying sales reporting, and minimizing costs. Read more....
Source Link:- https://barcodeindia.com/blog/selecting-barcode-solution-providers-in-india-what-to-keep-in-mind/
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