Data Capture Hardware Market Share, Growth & Forecast [2030]
Data Capture Hardware Market Share, Growth & Forecast [2030]
Segments - Data Capture Hardware In Retail Market by Offerings (Software, Hardware, and Services), Products (Rugged Mobile Computers, Magnetic Stripe Readers, Barcode Scanners, Handheld Scanners, Optical Character Recognition, Speech Recognition, Self-checkout Systems, and Radio Frequency Identification), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :BFSI-3424
| 4.2 Rating
| 68 Reviews
| 192 Pages
| Format :
Report Description
The global data capture hardware in retail market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to a rapid increase in consumer goods demand globally.
Data capture devices are parts of equipment, which helps with the visitor management card systems, production and maintenance of ID card databases, and other tasks. The gadgets assist in the identification of objects, the extraction of information about them, and the transmission of that information to computer systems.
The main benefits of adopting such data capturing devices are improved inventory management and reduced data entry errors. Some examples of data capture devices are fingerprint capture devices, barcode readers & scanners, signature capture pads, magnetic stripe readers, and ID scanners.
The impact of COVID-19 pandemic has been positive on the data capture hardware in retail market. Due to vast adoption in healthcare sector, the demand and usage remains to be the same during the forecast period. Additionally, it also helps in maintaining information related to both into the control of the virus and also the spread of it.
Market Trends, Drivers, Restraints, and Opportunities
- Growing e-commerce industry globally is one of the key factors driving the market growth.
- Rising usage of self-checkout systems in major sectors is expected to boost the market growth in the coming years.
- High initial adoption cost associated with data capture hardware in retail presents a major challenge. This is anticipated to hamper the market growth in the projected period.
- Issues related to data security and cyber-attacks is projected to hinder the market expansion during the forecast period.
- Imposing governments regulation for adoption and development of new products is projected to create significant growth opportunities for the market in the near future.
Scope of Data Capture Hardware In Retail Market Report
The report on the global data capture hardware in retail market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Data Capture Hardware In Retail Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Offerings (Software, Hardware, and Services) and Products (Rugged Mobile Computers, Magnetic Stripe Readers, Barcode Scanners, Handheld Scanners, Optical Character Recognition, Speech Recognition, Self-checkout Systems, and Radio Frequency Identification) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Zebra Technologies Corp.; Casio Computer Co., Ltd.; Datalogic S.p.A.; NCR Corp.; Honeywell International Inc.; and DENSO Corp. |
Data Capture Hardware In Retail Market Segment Insights
Hardware segment to grow at a rapid pace
Based on offerings, the global data capture hardware in retail market is divided into software, hardware, and services. The hardware segment is expected to grow at a rapid pace during the forecast period owing to the vast adoption and installation of the technology globally. However, the services segment is anticipated to hold a key share of the market in the coming years due to the continuous technological advancement into the technology to improve security and user experience.
Ease in adoption to drive barcode scanners segment
On the basis of products, the market is segregated into rugged mobile computers, magnetic stripe readers, barcode scanners, handheld scanners, optical character recognition, speech recognition, self-checkout systems, and radio frequency identification. The barcode scanners segment is projected to expand at a considerable CAGR during the forecast period attributed to the easy adoption by major sectors, which helps them in managing inventory.
On the other hand, the self-checkout systems segment is anticipated to account for a major market share during the forecast period due to the advancement in technology, which helps customers in shopping and billing without any hassle.
North America to constitute a key market share
In terms of regions, the global data capture hardware in retail market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to constant R&D initiatives and technological innovations adaptability across the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period attributed to the increasing adaptation and awareness about customer experience management and efficient supply chain in the region.
Segments
The global data capture hardware in retail market has been segmented on the basis of
Offerings
- Software
- Hardware
- Services
Products
- Rugged Mobile Computers
- Magnetic Stripe Readers
- Barcode Scanners
- Handheld Scanners
- Optical Character Recognition
- Speech Recognition
- Self-checkout Systems
- Radio Frequency Identification
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Zebra Technologies Corp.
- Casio Computer Co., Ltd.
- Datalogic S.p.A.
- NCR Corp.
- Honeywell International Inc.
- DENSO Corp.
Competitive Landscape
Key players competing in the global data capture hardware in retail market are Zebra Technologies Corp.; Casio Computer Co., Ltd.; Datalogic S.p.A.; NCR Corp.; Honeywell International Inc.; and DENSO Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Data Capture Hardware In Retail Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Data Capture Hardware In Retail Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Data Capture Hardware In Retail Market - Supply Chain
4.5. Global Data Capture Hardware In Retail Market Forecast
4.5.1. Data Capture Hardware In Retail Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Data Capture Hardware In Retail Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Data Capture Hardware In Retail Market Absolute $ Opportunity
5. Global Data Capture Hardware In Retail Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Data Capture Hardware In Retail Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Data Capture Hardware In Retail Demand Share Forecast, 2019-2026
6. North America Data Capture Hardware In Retail Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Data Capture Hardware In Retail Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Data Capture Hardware In Retail Demand Share Forecast, 2019-2026
7. Latin America Data Capture Hardware In Retail Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Data Capture Hardware In Retail Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Data Capture Hardware In Retail Demand Share Forecast, 2019-2026
8. Europe Data Capture Hardware In Retail Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Data Capture Hardware In Retail Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Data Capture Hardware In Retail Demand Share Forecast, 2019-2026
9. Asia Pacific Data Capture Hardware In Retail Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Data Capture Hardware In Retail Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Data Capture Hardware In Retail Demand Share Forecast, 2019-2026
10. Middle East & Africa Data Capture Hardware In Retail Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Data Capture Hardware In Retail Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Data Capture Hardware In Retail Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Data Capture Hardware In Retail Market: Market Share Analysis
11.2. Data Capture Hardware In Retail Distributors and Customers
11.3. Data Capture Hardware In Retail Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Zebra Technologies Corp.
11.4.2. Casio Computer Co., Ltd.
11.4.3. Datalogic S.p.A.
11.4.4. NCR Corp.
11.4.5. Honeywell International Inc.
11.4.6. DENSO Corp.
Methodology
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