A barcode system is an automatic recognition system
that stores and transmits information through specific barcode patterns. These
barcode patterns are composed of a series of bars and spaces of different
widths, which can be read by barcode scanners and converted into computer-recognizable
data.
Currently, the global barcode system market mainly
consists of two types: one-dimensional barcode and two-dimensional barcode. Due
to their simplicity, ease of use, and low cost, one-dimensional barcodes are
widely used in retail, logistics, warehousing, and other fields; Due to their
large information capacity and high security, two-dimensional barcodes have
shown broad application prospects in fields such as mobile payments, electronic
ticketing, and product traceability.
Introduction to Subdivision Types
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One-dimensional Barcode
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Also known as linear barcode, its information is
arranged in a direction parallel to the length of the barcode, from left to
right or from right to left. The application of one-dimensional barcodes is
very extensive, such as supermarket product barcodes, logistics tracking
barcodes, etc.
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Two-dimensional Barcode
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Also known as a QR code, its information is
arranged in two directions: horizontal and vertical. Two-dimensional barcodes
can store more information and have higher reading speeds than
one-dimensional barcodes. Common two-dimensional barcodes include QR codes,
Data Matrix, etc.
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Source: www.globalmarketmonitor.com
Overview of Market Development and Analysis of Markets in Major Regions/Countries
The barcode system not only simplifies the process of entering and reading product information, improves work efficiency, but also reduces error rates, saving enterprises a lot of costs. With the acceleration of globalization and digitization, barcode systems, as the core tool for commodity circulation and supply chain management, have shown a steady growth trend in market demand. According to our research data, the global barcode system market size reached $10.46 billion in 2023.
From a regional perspective, the global barcode system market is mainly concentrated in three major regions: North America, Europe, and Asia. Among them, Asia is the largest revenue market, accounting for nearly 50% of the global market share. From a national perspective, China is the largest revenue-generating country in the global barcode system market. Data shows that in 2023, the market size of China's barcode system was $4.32 billion, with a market share of 41.26%.
Global Barcode System Market Size Forecast and Market Share by Region
Source: www.globalmarketmonitor.com
Market Development Prospect Forecast
In the future, with the continuous development of technologies such as the Internet of Things, big data, and artificial intelligence, barcode systems will deeply integrate with these advanced technologies and promote the continued growth of the global barcode system market. Its market size is expected to grow to $12.87 billion by 2026. At the same time, with the increasing demand of consumers for commodity information traceability and anti-counterfeiting, the security, reliability, and ease of use of barcode systems will become the key to market competition.
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