The mobile phone camera-based scanning software market in Asia Pacific is expected to grow from US$ 49.50 million in 2021 to US$ 86.65 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2021 to 2028.
The region is witnessing a significant surge in the usage of smartphones. Currently, smartphone users worldwide are around 6.38 billion, which translates into 80.7% of the world’s population owning a smartphone. In total, the number of people that own a smartphone and a feature phone is 7.10 billion, making up 89.8% of the world’s population. Therefore, having a smartphone is quite common, and any low-income group people can also buy budget-friendly smartphones. Moreover, the region is the most rapidly growing mobile market due to better telecom infrastructure and the rise of budget-centric smartphones. Thus, with the growth in budget-centric smartphones, scanning software is also increasingly used for several applications, including barcode scanning during inventory management or parcel delivery, among others. Therefore, the emergence of budget-centric smartphones is creating more opportunities for the Asia Pacific market.
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.
Asia Pacific Mobile Phone Camera-Based Scanning Software Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Mobile Phone Camera-Based Scanning Software Market Segmentation
Asia Pacific Mobile Phone Camera-Based Scanning Software Market – ByApplication
Retail
Logistics
Healthcare
Hospitality
Postal
Others
Asia Pacific Mobile Phone Camera-Based Scanning Software Market – ByOperating System
Android
iOS
Asia Pacific Mobile Phone Camera-Based Scanning Software Market– By Country
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Asia Pacific Mobile Phone Camera-Based Scanning Software Market-Companies Mentioned
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
Scandit.
Asia Pacific Mobile Phone Camera-Based Scanning Software Market Strategic Insights
Get more information on this report
Asia Pacific Mobile Phone Camera-Based Scanning Software Market Segmentation Analysis
Asia Pacific Mobile Phone Camera-Based Scanning Software Market Report Highlights
Asia Pacific Mobile Phone Camera-Based Scanning Software Report Scope
Report Attribute
Details
Market size in 2021
US$ 49.50 Million
Market Size by 2028
US$ 86.65 Million
CAGR (2021 - 2028)
8.3%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Application
Retail
Logistics
Healthcare
Hospitality
Postal
By Operating System
Android and iOS
Regions and Countries Covered
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Market leaders and key company profiles
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
Scandit.
Get more information on this report
Asia Pacific Mobile Phone Camera-Based Scanning Software Market Country and Regional Insights
Get more information on this report
Identical Market Reports with other Region/Countries
The List of Companies - Asia Pacific Mobile Phone Camera-Based Scanning Software Market
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
Scandit.
Frequently Asked Questions
How big is the Asia Pacific Mobile Phone Camera-Based Scanning Software Market?
The Asia Pacific Mobile Phone Camera-Based Scanning Software Market is valued at US$ 49.50 Million in 2021, it is projected to reach US$ 86.65 Million by 2028.
What is the CAGR for Asia Pacific Mobile Phone Camera-Based Scanning Software Market by (2021 - 2028)?
As per our report Asia Pacific Mobile Phone Camera-Based Scanning Software Market, the market size is valued at US$ 49.50 Million in 2021, projecting it to reach US$ 86.65 Million by 2028. This translates to a CAGR of approximately 8.3% during the forecast period.
What segments are covered in this report?
The Asia Pacific Mobile Phone Camera-Based Scanning Software Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for Asia Pacific Mobile Phone Camera-Based Scanning Software Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Mobile Phone Camera-Based Scanning Software Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in Asia Pacific Mobile Phone Camera-Based Scanning Software Market?
The Asia Pacific Mobile Phone Camera-Based Scanning Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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
Scandit.
Who should buy this report?
The Asia Pacific Mobile Phone Camera-Based Scanning Software Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Mobile Phone Camera-Based Scanning Software Market value chain can benefit from the information contained in a comprehensive market report.
Get Free Sample For Asia Pacific Mobile Phone Camera-Based Scanning Software Market
