Barcode Software Market Report: Size, Share and Outlook by 2031

The barcode software industry was valued at approximately US$ 609.46 million in 2019 and is anticipated to grow to US$ 1,046.74 million by 2027, reflecting a compound annual growth rate (CAGR) of 7.1% from 2019 to 2027.

As competition intensifies across various sectors, including manufacturing, retail, healthcare, and transportation, the demand for efficient barcode software solutions has surged. These barcode systems enable businesses to monitor their shipments and assets by providing real-time data, which in turn facilitates improved decision-making and enhances overall productivity. Additionally, these software solutions contribute to optimizing time, minimizing errors, ensuring timely deliveries, and boosting productivity levels. Leading providers in the barcode software market, such as Zebra Technologies Corporation, Honeywell International, Datalogic, and Denso ADC, offer products that incorporate advanced features.

The barcode software market in the Asia-Pacific (APAC) region is projected to experience significant growth during the forecast period. Manufacturing firms in APAC are consistently enhancing their production capabilities to satisfy the growing consumer demand for various goods. Key countries in this market include China, India, South Korea, Japan, and Australia. This region is home to numerous countries that attract a large number of international air travelers, including students, tourists, and business professionals. China and India are actively working to improve their airport infrastructures, leading to a substantial demand for airport-related security products and services, including barcode technologies and associated tools such as printers, software, and scanners for producing secure labels on passports.

In APAC, sectors such as retail, transportation and logistics, and healthcare are increasingly adopting barcode software to digitally create labels for their products and services. The demand for Chinese-made products has been on the rise; however, this has also led to a significant increase in counterfeit goods. Consequently, many original equipment manufacturers (OEMs) in China are implementing label printers that utilize barcode software. The counterfeit pharmaceutical market in ASEAN countries is particularly lucrative. According to a study by the UN Office on Drugs and Crime, consumers in Southeast Asia spend approximately US$ 2.6 billion on drugs that may lack active pharmaceutical ingredients (APIs). Furthermore, the Thailand Food and Drug Administration reports that only 5% of 142 pharmaceutical manufacturers can produce APIs. These figures underscore the prevalence of counterfeit pharmaceutical products in the region, prompting numerous pharmaceutical companies to invest in barcode software for printing labels that authenticate their products. This trend is driving the growth of the barcode software market in APAC.

Key players in the global barcode software market include Bluebird Inc, Dynamic System Inc, CVISION TECHNOLOGIES, INC, Datalogic S.p.A, DENSO ADC, General Data Company, Inc, Honeywell International Inc, NCR Corporation, Zebra Technologies Corporation, and ZEBEX INDUSTRIES INC.

Impact of the COVID-19 Pandemic on the Barcode Software Market

The COVID-19 pandemic, which originated in Wuhan, China, in December 2019, has rapidly spread worldwide, severely impacting countries such as China, Italy, Iran, Spain, South Korea, France, Germany, and the United States in terms of confirmed cases and fatalities. The pandemic has disrupted economies and industries globally, leading to lockdowns, travel restrictions, and business closures. This overall market disruption has adversely affected the growth of the barcode software sector due to factory shutdowns, supply chain interruptions, and a downturn in the global economy.

The overall size of the global barcode software market has been determined through a combination of primary and secondary research. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the information and gain deeper analytical insights. Participants in this process typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in barcode software.