According to a new report, published by KBV research, The Global Barcode Decoding Software Market size is expected to reach $498.1 million by 2031, rising at a market growth of 6.2% CAGR during the forecast period.
The On-Premise segment is leading the Global Barcode Decoding Software Market by Deployment Mode in 2023; thereby, achieving a market value of $307.2 million by 2031. Many businesses, particularly in industries with strict data security regulations such as healthcare, finance, and government, prefer to keep sensitive data within their premises to maintain greater control and ensure compliance. On-premise barcode decoding software allows companies to store and manage data locally, reducing the risk of data breaches or unauthorized access.
The Shopping Mall segment is anticipating a CAGR of 6% during (2024 - 2031). Barcode decoding software can integrate seamlessly with POS systems used by retail stores within the shopping mall. This integration enables quick and accurate scanning of product barcodes at checkout, facilitating faster transaction processing and reducing the likelihood of errors. By streamlining the checkout process, barcode decoding software contributes to a smoother shopping experience for customers and increased operational efficiency for retailers.
Full Report: https://www.kbvresearch.com/barcode-decoding-software-market/
The North America market dominated the Global Barcode Decoding Software Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $176.6 million by 2031. The Europe market is experiencing a CAGR of 6% during (2024 - 2031). Additionally, The Asia Pacific market would exhibit a CAGR of 6.7% during (2024 - 2031).
By Deployment Mode
By Application
Unique Offerings 
