The unprecedented growth in E-commerce sector coupled with government's initiative to digitize Public Distribution System (PDS) and introducing barcodes to issue driving licenses, are expected to trigger the growth of India's barcode scanners and printers market with CAGR hovering around 19% during 2015 - 2020.
According to 6Wreseach, the shipment value of Barcode scanners and printers has reached at US $ 1.48 million in the first quarter of 2014. In the scanning segment, single line Barcode Scanners has occupied around 83% market share, the report revealed.
This expected robust growth in barcode printers and scanners market is on account of increased foothold of E-commerce companies and also government's initiatives to rid Public Distribution System (PDS) and driving license provider of corruption by introducing digital technology using barcodes.
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