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
Discover Move Move Coin: Is This the Next Sports Blockchain for Your Workout?
SINGAPORE, May 1, 2024 /PRNewswire/ — MMC Foundation Singapore is excited to announce the launch of Move Move Coin (MMC), the first-of-its-kind blockchain sports project designed to transform how we think about fitness and technology. This pioneering initiative is set to merge health with high-tech, promoting nationwide fitness through the innovative use of Web3 technology.
Transforming National Fitness with Blockchain
By integrating physical activity with blockchain, MMC creates a unique ecosystem where exercise translates directly into MMC computing power. Participants can engage in the MMC exercise plan, turning their workouts into tangible incentives for every physical activity.
Move Foundation’s mission is to ignite a passion for sports across the nation by offering a cutting-edge, enjoyable sports ecosystem. With the introduction of MMC, the vision is to position it as the leading global initiative for national sports programs powered by Web3 technology, setting a precedent for future sports blockchain projects.
Why You Should Move With MMC Foundation
MMC lies in a dynamic system that transforms physical activity into tangible rewards. Participants can enhance their fitness routines while simultaneously generating MMC computing power, a novel approach that earns them MMC encrypted assets. This unique feature leverages the dual benefits of health and technology, offering an incentive that goes beyond traditional fitness rewards.
The integration of NFT technology with sports equipment not only personalizes the user experience but also amplifies the benefits received from workouts. By purchasing NFTs that represent various pieces of sports gear, users can increase their MMC accumulation, thus adding a layer of customization and value to their exercise regimen.
To safeguard the integrity and longevity of NFT assets, MMC Foundation employs the IPFS network for storage, ensuring decentralized, reliable access worldwide. Looking ahead, MMC Foundation is set on expanding MMC’s footprint globally, collaborating with other blockchain ecosystems for seamless asset circulation and exchange, and positioning itself as a leader in the sports blockchain market.
The Global Vision for MMC Foundation
The future of the MMC project is marked by an ambitious global expansion strategy. This involves not only widespread promotion across various markets but also strategic partnerships with other blockchain ecosystems. These collaborations are essential for facilitating the cross-chain circulation and exchange of assets, enhancing the interoperability and reach of the MMC ecosystem.
MMC Foundation is also committed to a robust global marketing drive aimed at establishing the project as a top-tier brand within the sports blockchain industry. By actively promoting and aligning with international sports and fitness communities, MMC Foundation aims to create a widely recognized presence worldwide.
About Move Move Coin
Move Move Coin (MMC) is a solution initiated by the MMC Foundation in Singapore that utilizes Web3 technology to encourage and motivate nationwide physical fitness activities. MMC operates as a token rewards and blockchain-driven system, allowing participation in token mining through devices like smartphones and smartwatches for activity monitoring.
For more information, please visit:
- Official Website: movemovecoin.com
- Blockchain Explorer: mmcscan.com
- Whitepaper: https://doc.movemovecoin.com/zh-cn
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Blockchain
MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase
MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
Blockchain
Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services
PollBits is redefining crypto trading standards with its industry-leading features and services. This platform is making waves in the cryptocurrency trading space by offering innovative solutions and setting new benchmarks for excellence.
PollBits stands out from other crypto trading platforms by introducing cutting-edge features and services that cater to the needs of traders and investors. By prioritizing user experience and functionality, PollBits is enhancing the trading experience and empowering users to make informed decisions in the dynamic cryptocurrency market.
PollBits’ commitment to excellence and innovation is driving its success and setting it apart as a leader in the industry. With its focus on providing industry-leading features and services, PollBits is positioning itself as a go-to platform for traders seeking a reliable and user-friendly trading experience.
Overall, PollBits’ redefinition of crypto trading standards underscores the rapid evolution and maturation of the cryptocurrency industry. As platforms like PollBits continue to push the boundaries of innovation, traders and investors can expect greater accessibility, transparency, and efficiency in cryptocurrency trading, ultimately contributing to the growth and adoption of digital assets worldwide.
Source: cryptonews.com
The post Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services appeared first on HIPTHER Alerts.
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