LONDON--(BUSINESS WIRE)--Jun 8, 2018-- analysts forecast the global industrial barcode scanner market to record a revenue of around USD 1953 million during the period 2018-2022, in their latest market research report.

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Technavio has published a new market research report on the global industrial barcode scanner market from 2018-2022. (Graphic: Business Wire)

The use of wearables with same functionalities as traditional barcode scanners is a key trend, which is expected to impact the growth of the . This is a trend that is expected to gain traction over the forecast period. Manufacturers are developing advanced wearable technology to reduce human errors and increase efficiency. For instance, smart glasses are being used in industrial operations.

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In this report, Technavio researchers identify the evolution of industry 4.0 as one of the key factors contributing to the growth of the global industrial barcode scanner market:

Global industrial barcode scanner market driver: Evolution of industry 4.0

The evolution of industry 4.0 is expected to be one of the primary drivers for the global industrial barcode scanner market. Barcode scanners are mainly used to improve productivity and efficiency of workers in an ecosystem. Industry 4.0 represents the fourth industrial revolution in the manufacturing industry involving the use of connected ecosystem using the Internet of Things (IoT).

According to a senior analyst at Technavio for embedded systems research, “Manufacturing facilities are increasingly becoming automated and self-monitored because of the deployment of advanced systems. These systems can analyze and communicate with each other and human coworkers. They help companies in smooth operations and free up time for workers to focus on other tasks. The increasing adoption of industry 4.0 will lead to an increase in the use of barcode scanners, which are at the core of asset tracking and monitoring. ”

Global industrial barcode scanner market: Segmentation and analysis

This market research report segments the global industrial barcode scanner market by technology (2D imager, laser scanner, and linear imager), product (mobile computers, handheld scanner, and ring scanners) and key regions (the Americas, APAC, and EMEA).

The 2D imager and linear imager segments are expected to witness a significant increase in their share of the market, while the laser scanner segment is expected to witness a 5% decrease in its market share during the forecast period.

The APAC region is expected to witness a significant increase of close to 3% in its market share over the forecast period, while the other two regions namely the Americas and EMEA will see a decline in their market shares by 2022.

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About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

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PUB: 06/08/2018 01:46 PM/DISC: 06/08/2018 01:46 PM

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