Logistics, retail to trigger hefty growth in barcode scanner sales

A recent report unveiled by  ResearchAndMarkets has projected Indian barcode scanner and printers market growing by two and a half times between 2018 to 2024.

According to the report, the Indian barcode scanners and printers market stood at $ 44.7 million in 2018 and is projected to grow at a CAGR of 16.8% during 2019-2024 to reach $ 111.6 million by 2024, owing to huge adoption of barcode scanners and printers in transportation & logistics, manufacturing, retail and other sectors.

“Moreover, government financial assistance to micro and small companies for the adoption of barcodes, enabling these companies to enhance their marketing competitiveness, is expected to boost the demand for barcode scanners and printers in India during forecast period. Additionally, favorable regulatory policies and technological advancements are expected to have a positive impact on the country’s barcode scanners and printers market in coming years,” the report added.

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