Blockchain Press Releases
Barcode Printers Market Projected to Reach $13,510.6 Million, Globally, By 2032 at 13.7% CAGR: Allied Market Research
The rising demand for mobile printers and the growing adoption of barcode printers in the manufacturing industry are anticipated to drive the growth of the global barcode printers market during the forecast period from 2023 to 2032. The North America region is predicted to hold the majority of market share by 2032.
PORTLAND, Ore., Aug. 18, 2023 /PRNewswire/ — Allied Market Research has recently published a report, titled, “Barcode Printers Market By Product Type (Desktop Printer, Mobile Printer, and Industrial Printer), Printing Type (Thermal Transfer, Direct Thermal, and Others), and End-User Industry (Manufacturing, Retail, Transportation and Logistics, Healthcare, and Other): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global barcode printers market generated $3,758.6 million in 2022, and is anticipated to generate $13,510.6 million by 2032, witnessing a CAGR of 13.7% from 2023 to 2032.
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Prime Determinants of Growth
The rising demand for mobile printers, the growing demand for industrial printers across numerous industrial sectors, and the rising usage of barcode printers for streamlining logistics processes are the major factors predicted to drive the growth of the global barcode printers market in the forecast timeframe. However, the high costs associated with barcode printers and the strict regulations in the printing industry may hamper the barcode printers market growth in the coming period. On the contrary, the integration of advanced connectivity & wireless technologies and the growing usage of electronic shelf labels & smart label printers provides are expected to offer growth opportunities for expansion of the barcode printers market in the 2023-2032 forecast period.
Report Coverage and Details:
Restraints
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$3,758.6 million |
|
Market Size in 2032 |
$13,510.6 million |
|
CAGR |
13.7 % |
|
No. of Pages in Report |
309 |
|
Segments Covered |
Product Type, Printer Type, End-User, and Region |
|
Drivers |
Growing adoption of barcodes in manufacturing industry Rise in demand for wireless mobile printers |
|
Opportunities |
Incorporation of computer systems with barcode printers |
|
Increasing focus of key market players on producing barcode printers with advanced features |
|
|
Restraints |
High initial investment cost |
COVID-19 Scenario:
- The outbreak of the COVID-19 pandemic has had a significant influence on the growth of the global barcode printers market. While the epidemic caused disruptions in the supply chain, it also accelerated the adoption of digitized and contactless solutions, creating novel avenues for growth in sectors like logistics, healthcare, and e-commerce.
- The barcode technology proved invaluable during the crisis in promoting a safer and more efficient manufacturing environment. Retail and e-commerce sector also actively accepted barcode printers to cater to the relentless rise of e-commerce sales in the wake of lockdowns.
- The barcode printers market is projected to show steady growth in the future as the demand for efficient supply chain management is increasing and people are shifting towards online shopping.
Industrial Printer Sub-segment to be Highly Dominant During the Forecast Period
The industrial printer sub-segment accounted for the major share of 48.5% in the barcode printers market in 2022 and is expected to continue to maintain its dominance during the forecast period. The dominant growth of the sub-segment is mainly because industrial printers are long-lasting and high-quality computer printers used to print barcodes onto tags, labels, packages, and others. Besides, the growing usage of industrial printers in various sectors, such as warehouses, retail stores, and manufacturing factories, as they are tough and dependable is driving the sub-segment’s growth.
Thermal Transfer Sub-segment to Hold the Majority of Market Share by 2032
The thermal transfer sub-segment accounted for the highest market share of 40.7% in 2022 and is expected to witness significant growth during the forecast period. This is mainly owing to the adaptability, dependability, and capacity of thermal transfer printers to create highly legible barcodes in difficult conditions. In addition, these printers provide high-quality printing, are affordable, and majorly used in manufacturing, healthcare, and electronics sectors.
Manufacturing Sub-segment to Flourish Immensely During the Forecast Period
The manufacturing sub-segment accounted for the highest market share of 31.6% in 2022 and is predicted to continue to hold maximum share by 2032. The strong growth of the sub-segment can be attributed to the crucial role of barcode printers in the manufacturing industry in optimizing production processes, assuring accurate inventory management, and enhancing overall supply chain efficiency. Additionally, barcode printers are widely used in the manufacturing industry to create tags and labels that facilitate streamlined tracking as well as identification of equipment, materials, and products.
North America Market to Hold Majority of Market Share by 2032
The North America region accounted for the highest share of 40.0% in the global barcode printers market in 2022 and is expected to continue to maintain its dominance during the forecast period. This is mainly because North America has a well-developed infrastructure and heavily invests on R&D. The persistent growth of the retail & e-commerce industries, along with the rising preference of people for online shopping in the U.S. and Canada, are also anticipated to drive the demand for barcode printers across the region.
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Leading Players in the Barcode Printers Market:
- Dascom
- Zebra Technologies Corp.
- Printronix, Inc.
- Oki Electric Industry Co., Ltd.
- SATO Holdings Corporation
- Honeywell International Inc.
- Toshiba Tec Corporation
- Canon Inc.
- Avery Dennison Corporation.
The report provides a detailed analysis of the key players of the global barcode printers market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of barcode printers market players to showcase the competitive scenario.
Key Benefits For Stakeholders:
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the barcode printers market analysis from 2022 to 2032 to identify the prevailing barcode printers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the barcode printers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global barcode printers market trends, key players, market segments, application areas, and market growth strategies.
Barcode Printers Market Key Segments:
By Product Type:
- Desktop Printer
- Mobile Printer
- Industrial Printer
By Printing Type:
- Thermal Transfer
- Direct Thermal
- Others
By End-User Industry:
- Manufacturing
- Retail
- Transportation and Logistics
- Healthcare
- Other
By Region:
- North America (U.S., Canada, and Mexico)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East and Africa)
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
Instant Nodes arrives in the USA with Global Payments Giant, Paddle Partnership
DUBAI, UAE, Sept. 11, 2024 /PRNewswire/ — Instant Nodes is thrilled to announce an exciting new partnership with global payment giant, Paddle. This collaboration marks a significant milestone for both companies as both firms join forces to deliver unparalleled on-ramp and off-ramp solutions to the USA market and beyond.
As a leader in blockchain and decentralised solutions, Instant Nodes has strived to provide innovative and efficient services to our customers. Now, with the integration of Paddle, we are set to revolutionise how our services are delivered and monetised.
Why Paddle?
Paddle’s comprehensive platform is designed to handle all aspects of global payments complexity, from subscription management to payment processing. Their expertise in managing complex billing scenarios and ensuring smooth transactions aligns perfectly with our vision at Instant Nodes.
Instant Nodes can leverage Paddle’s technology and tax compliance solutions to streamline operations, enhance customer satisfaction, and develop cutting-edge blockchain solutions.
The Benefits of Our Partnership
This partnership is poised to bring numerous benefits to our clients. With Paddle’s seamless payment infrastructure, Instant Nodes can offer more flexible and efficient billing options, making it easier for clients to access and pay for our services.
Paddle’s robust analytics and reporting tools will provide us with valuable insights into our revenue streams, enabling us to make data-driven decisions to further improve our offerings.
A Word from Our Leaders
Ilgar Alekperov, Founder of Instant Nodes, shared his excitement:
“Partnering with Paddle is a game-changer for us. Their advanced payments infrastructure platform will not only simplify our billing processes and tax compliance but also enhance our overall service delivery. We believe this collaboration will drive significant growth and allow us to better serve our clients with innovative blockchain solutions.“
Dylan Yepes at Paddle also commented:
“We are delighted to partner with Instant Nodes, a company that is at the forefront of blockchain innovation. Our platform is designed to handle the complexities of global payments and billing, and we are confident that Instant Nodes’ customers will greatly benefit from the streamlined processes and enhanced payment experiences we offer.”
To start deploying nodes, visit https://instantnodes.io/
About Instant Nodes
Instant Nodes is an RPC solution which is focused on building data integrity in digital assets blockchains.
X: https://x.com/InstantNodes | Linkedin: https://www.linkedin.com/company/instantnodes/
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Blockchain Press Releases
Velo Labs Brings BlackRock’s Tokenized Short-Term Treasury Fund to Southeast Asia
SINGAPORE, Sept. 11, 2024 /PRNewswire/ — Velo Labs, a global pioneer in Web3-based financial solutions, today announced that the assets that back Velo’s USDV token, the stablecoin of the Velo ecosystem, are now comprised of an investment in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize. USDV serves as the primary store of value and unit of transfer across Velo’s suite of payment and trading applications.
Over 1 million Velo’s Orbit payment app users and vendors across Southeast Asia leverage USDV for seamless transactions, value storage without a bank account, cross-border money transfers, and off-ramping to local currencies at local banks 24/7 – all while earning yield on-chain. Additionally, Velo’s FX, commodity, and crypto traders on its Universe exchange and DeFi protocol Velo Finance can earn yield on funds held on the exchange and have the opportunity to compound those returns via various Velo liquidity pools and staking programs.
Today’s announcement follows Velo’s recent partnership with the Laos government to tokenize its physical gold reserves. Velo is rapidly establishing itself as a leading provider of blockchain-powered payments, trading, and RWA asset offerings across Asia.
Velo Labs co-chairman Chatchaval Jiaravanon commented: “Velo Labs is very pleased to bring BlackRock’s high-quality institutional yield product to Southeast Asia. At Velo, we are building the bridges and rails that will ensure frictionless, borderless, and formless payment and trading experiences for both institutional and retail users across Asia. Today’s announcement demonstrates our commitment to bringing Velo users access to the highest-quality institutional assets in the world.”
Securitize co-founder and President Jamie Finn added “This is a great example of a firm leveraging open web3 standards to deliver a product to their market”
About Velo Labs
Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by the Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive
Web3-based payment network, along with Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide—dedicated to empowering global financial connectivity and expanding accessibility globally. Follow us for more info: Twitter / Telegram
About Securitize
Securitize, the leader in tokenizing real-world assets, is driving the compliant digitization of financial assets through next-generation blockchain technology. Securitize, or through its subsidiaries, is a registered broker-dealer (member Finra/ SIPC) and operates a primary marketplace, an alternative trading system, as well as a top 10 transfer agent and has an exempt reporting adviser. Learn more at http://www.securitize.io
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SINGAPORE, Sept. 11, 2024 /PRNewswire/ — HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in BSX Exchange, a decentralized, non-custodial central limit order book (CLOB) perpetual decentralized exchange built on Base.
Since its launch in April, BSX has facilitated over $4.5 billion in trading volume and recently surpassed $1.3 million in revenue. Its current offerings include both spot and derivative trading. With the recent $4 million seed-round funding, BSX plans to expand its product line further. The platform boasts a highly performant trading engine with 10ms latency and 1000x leverage.
In the coming months, BSX aims to launch several new projects, including a spot aggregator, earning products, and staking products. Additionally, the company plans to introduce a Layer 3 network on Base to optimize the on-chain BSX order book. Looking ahead, BSX also intends to release its own trading game on Telegram and an exclusive NFT collection to attract new users to both Base and BSX.
“BSX operates on top of the Base ecosystem, leveraging its 110 million globally verified users. By providing a strong liquidity foundation for this ecosystem, BSX is poised for significant success,” commented Edward, Managing Partner at HTX Ventures. “BSX serves a large traditional finance customer base, and at HTX Ventures, we are excited to support this Web3 onboarding journey.”
“We’re focused on building a key lego block in the DeFi ecosystem. By launching on Coinbase’s Base L2 we are a key beneficiary of Coinbase’s massive user base moving on-chain to Base and then to DeFi applications. Our vision is to build a consolidated platform including BSX Trade, BSX Earn, and BSX 1000.” Said BSX Team.
About BSX
BSX is a decentralized derivatives trading platform built on Base. BSX offers perpetuals trading at 1000x leverage and also a spot market. The firm is backed by Blockchain Capital and the Base Ecosystem Fund and is advised by Athur Hayes.
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Feel free to contact us for investment and collaboration at [email protected]
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