Mobile Phone Camera-Based Scanning Software Market Emerging Demands, Current Trends, Latest Industry Size, Growth, Share and Competitive Landscape Forecast, The Insight Partners

According to our latest market study on "Mobile Phone Camera-Based Scanning Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Application and Operating system," the market is projected to reach US$ 403.01 million by 2028 from US$ 243.43 million in 2021; it is expected to grow at a CAGR of 7.5% from 2021 to 2028. The world is witnessing a significant surge in smartphone usage. Currently, the global number of smartphone users is ~6.38 billion, i.e., 80.7% of the world's population. In total, the number of people that own a smartphone and a feature phone is 7.10 billion, making up 89.8% of the world's population. Therefore, having a smartphone is quite common, and any low-income group people can also buy budget-friendly smartphones. Moreover, Asia Pacific is the most rapidly growing market for mobile phones due to the availability of better telecom infrastructure and numerous budget-centric smartphones. Thus, with the growth in smartphone usage, scanning software is also increasingly being used for barcode scanning during inventory management or parcel delivery and other applications.

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A few of the key players in the global mobile-based scanning software market are Scandit, RIOTEC Co. Ltd., Grabba, Marson Technology Co. Ltd., KOAMTAC Cognex Corporation, Datalogic S.p.A, Denso Wave Inc., Infinite Peripherals Inc., and OPTO Electronics Co. Ltd. These companies provide many barcode scanners for mobile phones. For instance, RIOTEC Co. Ltd. offers AndroScan mobile barcode scanners for Android phones with USB OTG. This scanner can transform a smartphone into a data collector by bringing it into another data capture environment. It can be used in retail, logistics, and warehouse management with the help of several apps. Further, Cognex Corporation provides mobile barcode software development kit (SDK) that offers a unified solution for enterprise-grade barcode scanning. The kit works with any compatible reader, including the built-in camera on a smartphone or tablet, MX Series mobile barcode reader, MX Series mobile terminal, and even embedded systems.

The Key Players In The Global Mobile Phone Camera-Based Scanning Software Market Are:

•Scandit
•RIOTEC Co., Ltd.
•Grabba
•MARSON TECHNOLOGY CO., LTD.
•KOAMTAC
•Cognex Corporation
•Datalogic S.p.A
•Denso Wave Inc.
•Infinite Peripherals Inc
•OPTO Electronics Co., Ltd

The mobile phone camera-based scanning software market is segmented on the basis of application and operating system. Based on application, the market is segmented into retail, logistics, healthcare, hospitality, postal, and others. The retail segment accounted for the largest revenue share in the market in 2020. Based on operating system, the mobile phone camera based scanning software is segmented into Android and iOS. The Android segment contributed the largest share to the market in 2020. In terms of geography, the mobile phone camera-based scanning software market is primarily segmented into North America, Europe, APAC, the MEA, and SAM. North America held the largest market share in 2020, followed by Europe and APAC.

Impact of COVID-19 Pandemic on Mobile Phone Camera-Based Scanning Software Market

The COVID-19 pandemic has shaken several industries. The tremendous spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and humans movement. Due to travel bans, mass lockdowns, and business shutdowns, industries have been affected severely. The lockdown imposition has resulted in lesser production of commodities, goods, and services over the last one and a half years.

In 2020, the continuous rise in the number of virus-infected patients had governments put a bar on the transportation of humans and goods. The manufacturing sector has witnessed severe losses due to the temporary shutdown of factories and low production volumes, which harmed the global logistics sector to great extent. Additionally, governments' social or physical distancing measures have led logistics service providers to limit their operations, negatively impacting the mobile phone camera-based scanning software market during 2020. However, in 2021, with the uplifting of lockdown and vaccination processes, various industries, such as retail and hospitality, reopened and the mobile phone camera-based scanning software market has regained momentum.

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The Segments and Sub-Section of Mobile Phone Camera-Based Scanning Software Market are shown below:

By Application (Retail, Logistics, Healthcare, Hospitality, Postal, and Others) and Operating System (Android and iOS)

Barcode scanning is increasingly used in various applications across several industries to improve efficiency in multiple ways, mostly in retail stores, logistics, and other places where inventory tracking is necessary. Barcodes reduce human error to a great extent, are effective in helping organizations conserve resources, save money, and improve productivity. For instance, in the case of healthcare centers, switching from manual data entry to mobile-based barcode software helps eliminate preventive errors that can lead to inpatient death. Thus, when implemented correctly, mobile-based barcode scanning helps reduce medication errors in various healthcare centers. With the widespread use of smartphones-approximately 3.5 billion users across the world have adopted smartphones in their working lives-barcode scanning is also rising.

The Insight Partners Mobile Phone Camera-Based Scanning Software Market Research Report Scenario includes:

•The report provides qualitative and quantitative trends of global Mobile Phone Camera-Based Scanning Software Market across type, type of products, service, and geography.
•The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Mobile Phone Camera-Based Scanning Software Market.
•Chapter Three provides the research methodology of the study.
•Chapter Four further provides PEST analysis for each region.
•Chapter Five highlights the key industry dynamics in the Mobile Phone Camera-Based Scanning Software Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
•Chapter Six discusses the global Mobile Phone Camera-Based Scanning Software Market scenario, in terms of historical market revenues, and forecast till the year 2028.
•Chapter Seven to ten discuss Mobile Phone Camera-Based Scanning Software Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
•Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
•Chapter Twelve provides the detailed profiles of the key companies operating in the global Mobile Phone Camera-Based Scanning Software Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
•Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

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