Android Segment to Dominate Asia Pacific Mobile Phone Camera-Based Scanning Software Market during 2019–2028

According to a new market research study on “Asia Pacific Mobile Phone Camera-Based Scanning Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and Operating System,” is expected to reach US$ 86.65 million by 2028 from US$ 49.50 million in 2021. The market is estimated to grow at a CAGR of 8.3% from 2021 to 2028. Emergence of budget-centric smartphones is the major factor driving the growth of the Asia Pacific mobile phone camera-based scanning software market. However, rising security threats may hinder the growth of Asia Pacific mobile phone camera-based scanning software market. The report provides trends prevailing in the Asia Pacific mobile phone camera-based scanning software market along with the drivers and restraints pertaining to the market growth.

In Asia Pacific, India is the worst-hit country by the COVID-19 outbreak. Asia Pacific experienced a notable decline in several economic activities as the government authorities imposed strict lockdowns, travel bans, and business shutdowns. Many countries in Asia Pacific are in a developing stage. Owing to layoffs and salary cuts, the buying capacity of a majority of consumers was affected drastically. Expenditure on nonessentials was avoided as much as possible. The reduced purchasing power resulted in a weak demand for logistics services. The governments in Asia Pacific countries are taking possible steps to reduce its effects by announcing lockdown, negatively affecting the manufacturing sector. China dominates the global manufacturing sector with significantly unparalleled, large numbers of manufacturing units, and it is considered to have the largest production sector. The COVID-19 emergence and imposition of lockdown across the country have substantially disrupted its manufacturing sector, thereby restricting the logistics and supply chain sector. The companies across the world that rely heavily on top-level suppliers from Wuhan have been significantly affected by the province’s supply chain and logistics disruption. Further, the hospitality and retail industries were also greatly affected. Since the emergence of the COVID-19 virus, the country has undergone several lockdown phases, which has adversely affected several industries and the mobile phone camera-based scanning software market in Asia Pacific was negatively impacted. Several industries in Asia Pacific, such as manufacturing, logistics, and hospitality, have reopened now, which has increased the use of scanning software, supporting the mobile phone camera-based scanning software market in this region.

The Asia Pacific mobile phone camera-based scanning software market segmented by application, operating system, and country. Based on application, the mobile phone camera based scanning software market is categorized into retail, logistics, healthcare, hospitality, postal, and others. In 2020, the retail segment held the largest share Asia Pacific mobile phone camera-based scanning software market. Based on operating systems, the mobile phone camera based scanning software is categorized into android and iOS. The iOS segment accounts for largest market share in the 2020. Similarly, based on country, the market is bifurcated into China, Japan, India, Australia, South Korea, and rest of Asia Pacific. China contributed a substantial share in 2020. 

Cognex Corporation; Datalogic S.p.A; Denso Wave Inc.; Grabba; Infinite Peripherals Inc.; KOAMTAC; MARSON TECHNOLOGY CO., LTD; OPTO Electronics Co., Ltd; RIOTEC Co., Ltd; and Scandit.; are among the leading companies in the Asia Pacific mobile phone camera-based scanning software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Scandit, the leading enterprise technology platform for mobile computer vision and augmented reality (AR), has announced that Consignor, a multi-carrier shipping solution, has integrated Scandit's Barcode Scanner SDK into its new Scan App Pro, allowing for fast and reliable scanning with an unrivalled barcode library.

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