North America Barcode Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application (Package Tracking, Employee Attendance and Time Tracking, Asset Management, and Others) and End-User (BFSI, Transportation and Logistics, Manufacturing, Healthcare, Retail, and Others)
Market Introduction
The US, Canada, and Mexico are among the major North American economies. Technological advancements trigger intense competition among various businesses due to the high spending power of populations, which enables them to spend on expensive, high-tech products. The region has well-developed retail and manufacturing sectors, along with a relatively high density of retailers, which is expected to contribute to the North American barcode software market growth. Moreover, the bolstering online retail sector is another factor fueling the adoption of non-prime VIP applications comprising thermal transfer labels and direct thermal labels, and electronic data processing (EDP) labels. The constant rise in the non-prime VIP applications of labels boosts the demand for barcode software to print highly secured labels. Furthermore, there is continuously increasing demand for barcodes across the medical device, automotive, consumer durables, and industrial labeling applications in North America. Also, accurate real-time data collection processes at high demand is a major factor driving the North America barcode software market.
COVID-19 is having a very devastating impact over the North America region. In 2019, North America held the largest share of the barcode software market, and it is anticipated to hold a substantial share of the market during 2020–2027. The region is characterized by the presence of developed countries such as US and Canada, wherein the adoption of such software solutions is high owing to the huge presence of key technology and software companies. Presently, the US is the world’s worst-affected country by the COVID-19 pandemic that has adversely affected the economic and industry growth in the country, as well as in North America. However, no total lockdown was imposed in the country, and key businesses were operational during the pandemic crisis. In many regions, major companies adopted the remote working practices. Barcode software solutions are utilized in verticals such as healthcare, pharmaceuticals, and transportation and logistics, which were operating irrespective of the pandemic effect. Owing to the continuation of operations in these sectors, the demand for secure and advanced barcode software solutions remained undisrupted in 2020.
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Market Overview and Dynamics
The barcode software market in North America is expected to grow from US$ 159.37 million in 2019 to US$ 270.37 million by 2027; it is estimated to grow at a CAGR of 6.9% from 2020 to 2027. The barcode technology improves and enhances every aspect of the supply chain management. It makes the entire business integration process effective and smooth. The technology helps in tracking the product shipment status in negligible time, thus reducing errors in the overall process. Further, it is affordable and easy to operate. Owing to these benefits, the popularity of the use of barcode technology is increasing among enterprises, especially for supply chain management. Tracking via barcode software helps save time and money and ensures the use of accurate data for decision-making. The manual inventory management takes several hours to complete; on the other hand, barcode tagging enables tracking and analysis of shipment in real time, making the overall supply chain operations smooth and fast. Dijon University Hospital implemented GS1 barcodes to ensure greater supply chain security and efficiency. Moreover, these barcodes have helped the hospital to operate more smoothly and efficiently, along with reducing errors completely. Similarly, Zebra Technologies Corporation in one its report cited a case of a baking company that reduced its inventory and distribution costs by USD 3 million in the first year after implementing an inventory tracking system.
Key Market Segments
The barcode software market is segmented based on application and end-user. Based on application, the market is segmented into asset management, package tracking, employee attendance and time tracking, and others. The asset management segment accounted for the largest revenue share in 2019. Based on end-user, the market is segmented into manufacturing, transportation and logistics, retail, healthcare, and others. The manufacturing segment accounted for the largest revenue share in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the barcode software market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bluebird Inc., CVISION Technologies, Datalogic S.P.A., DENSO ADC, Dynamic Systems Inc., General Data Company, Honeywell International, Inc., NCR Corporation, and Zebra Technologies Corporation.
Reasons to buy report
- To understand the North America barcode software market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America barcode software market.
- Efficiently plan M&A and partnership deals in North America barcode software market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America barcode software market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Barcode Software Market Segmentation
North America Barcode Software Market - By Application
- Package Tracking
- Employee Attendance and Time Tracking
- Asset Management
- Others
North America Barcode Software Market - By End-User
- BFSI
- Transportation and Logistics
- Manufacturing
- Healthcare
- Retail
- Others
North America Barcode Software Market - By Country
- US
- Canada
- Mexico
North America Barcode Software Market - Company Profiles
- Bluebird Inc.
- CVISION Technologies
- Datalogic S.P.A.
- DENSO ADC
- Dynamic Systems Inc.
- General Data Company
- Honeywell International, Inc.
- NCR Corporation
- Zebra Technologies Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Barcode Software Market – By Application
1.3.2 North America Barcode Software Market – By End User
1.3.3 North America Barcode Software Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Barcode Software Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Barcode Software Market Dynamics
5.1 Market Drivers
5.1.1 Accurate Real-Time Data Collection Processes at High Demand
5.1.2 Rise in Demand from Logistics & Transportation and Healthcare Sectors
5.2 Market Restraints
5.2.1 Security-Related Issues
5.3 Market Opportunities
5.3.1 Requirement of Barcode Software for Supply Chain Management
5.4 Market Trends
5.4.1 Efficient Barcode Scanning Software Development Kits
5.5 Impact Analysis of Drivers and Restraints
6. Barcode Software Market – North America Analysis
6.1 North America Barcode Software Market Overview
6.2 North America Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
7. North America Barcode Software Market Analysis – By Application
7.1 Overview
7.2 North America Barcode Software Market Breakdown, By Application, 2019 & 2027 (%)
7.3 Asset Management
7.3.1 Overview
7.3.2 Asset Management Market Forecast and Analysis
7.4 Package Tracking
7.4.1 Overview
7.4.2 Package Tracking Market Forecast and Analysis
7.5 Employee Attendance and Time Tracking
7.5.1 Overview
7.5.2 Employee Attendance and Time Tracking Market Forecast and Analysis
7.6 Others
7.6.1 Overview
7.6.2 Other Market Forecast and Analysis
8. North America Barcode Software Market Analysis – By End-User
8.1 Overview
8.2 North America Barcode Software Market Breakdown, By End-User, 2019 & 2027 (%)
8.3 Manufacturing
8.3.1 Overview
8.3.2 Manufacturing Market Forecast and Analysis
8.4 Transportation & Logistics
8.4.1 Overview
8.4.2 Transportation & Logistics Market Forecast and Analysis
8.5 Retail
8.5.1 Overview
8.5.2 Retail Market Forecast and Analysis
8.6 Healthcare
8.6.1 Overview
8.6.2 Healthcare Market Forecast and Analysis
8.7 BFSI
8.7.1 Overview
8.7.2 BFSI Market Forecast and Analysis
8.8 Others
8.8.1 Overview
8.8.2 Others Market Forecast and Analysis
9. North America Barcode Software Market – Country Analysis
9.1 Overview
9.1.1 North America: Barcode Software Market, By Country
9.1.1.1 US: Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Barcode Software Market, By Application
9.1.1.1.2 US: Barcode Software Market, By End-User
9.1.1.2 Canada: Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Barcode Software Market, By Application
9.1.1.2.2 Canada: Barcode Software Market, By End-User
9.1.1.3 Mexico: Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Barcode Software Market, By Application
9.1.1.3.2 Mexico: Barcode Software Market, By End-User
10. North America Barcode Software Market- COVID-19 Impact Analysis
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Merger and Acquisition
11.2 New Development
12. Company Profiles
12.1 Bluebird Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Dynamic System Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 CVISION Technologies, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Datalogic S.p.A
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 DENSO ADC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 General Data Company, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Honeywell International Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NCR Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Zebra Technologies Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Barcode Software Market – Revenue and Forecast to 2027 US$ Mn)
Table 2. US Barcode Software Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 3. US Barcode Software Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada Barcode Software Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada Barcode Software Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico Barcode Software Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico Barcode Software Market, By End-User– Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. North America Barcode Software Market Segmentation
Figure 2. North America Barcode Software Market Segmentation – By Country
Figure 3. North America Barcode Software Market - Market Overview
Figure 4. North America Barcode Software Market by Application
Figure 5. North America Barcode Software Market by End User
Figure 6. North America Barcode Software Market by Country
Figure 7. North America: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Barcode Software Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. North America Barcode Software Market Breakdown, Application, 2019 & 2027 (%)
Figure 13. North America Asset Management Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. North America Package Tracking Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. North America Employee Attendance and Time Tracking Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. North America Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. North America Barcode Software Market Breakdown, End-User, 2019 & 2027 (%)
Figure 18. North America Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. North America Transportation & Logistics Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. North America Retail Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America Healthcare Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. North America BFSI Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. North America Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. North America: Barcode Software Market, by Key Country – Revenue 2019 (US$ Million)
Figure 25. North America Barcode Software Market Revenue Share, By Country (2019 and 2027)
Figure 26. US: Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Canada: Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Mexico: Barcode Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Barcode Software Market
- Bluebird Inc.
- CVISION Technologies
- Datalogic S.P.A.
- DENSO ADC
- Dynamic Systems Inc.
- General Data Company
- Honeywell International, Inc.
- NCR Corporation
- Zebra Technologies Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America barcode software market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America barcode software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the barcode software market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.