Barcode Verifiers Market to Witness Quick Rise during forecast period
Posted: Jul 26, 2019
Barcode verifiers are electronic devices used to measure the quality of a 1D, 2D, and Direct Part Mark (DPM) codes. Barcode verifier reads the barcode and performs a series of tests to examine the scan ability and quality of the barcode in comparison to the industry specification and standards. Any trade partner in the supply chain can use the barcode verifier to test the quality of the barcode.
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Increasing growth of the consumer goods sector is expected to fuel growth of the global barcode verifiers market
Barcodes have high application in the consumer goods sector. Barcode provides and unambiguous and universal identification for products. A barcode printed on the primary packaging of consumer goods provides important information about the product. There are many advantages associated with using barcodes for consumer goods such as that they allow faster listing of articles, facilitates accurate and faster billing at counters, increases visibility of products online, and others. Barcode verifiers are used to ensure that the barcode is easily interpreted by any intermediate reader in the supply chain with low rate of error. A retailer can impose heavy penalties for barcodes that are not in accordance with the standards. Such penalties can affect the revenue generated for manufacturers by 2% to 10% cent. Thus, it is very important that barcodes comply with the predefined international standards. Measuring accuracy of a barcode is specified by some standards. ISO/IEC 15426-1 (linear) or ISO/IEC 15426-2 (2D) is the current international barcode quality specification standard. This standard defines the quality requirements for barcodes and matrix codes. Verification process validates a barcode with respect to the specific standards and shows that barcode has been properly verified so that the products can be forwarded further in the supply chain for distribution. Thus, using barcode verifiers offers smooth functioning of supply chain in the retail sector. The barcode verifiers market growth is driven by growth in the retail sector. This is owing to rise in consumption of consumer goods.
Barcode Verifiers Market: Competitive Landscape
Key players operating in the barcode verifiers market are Cognex Corporation, Axicon Auto ID Ltd., Webscan, REA VERIFIER, Printronix, DigitalPersona, AIS, Stratix Corp., Microscan, SSE Technologies, Oriental Speedv Code Tech &DEV, and RJS Technologies.
Barcode Verifiers Market: Taxonomy
By Product Type:
Packing Printing Industry
Quality Control Department
Manufacturing & Retailing Industry
The Middle East
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About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various reco