Global IC Barcode Software Market 2023-2030

Global IC Barcode Software Market 2023-2030

Global IC Barcode Software Market Size, Share & Trends Analysis Report by type (1D Barcode and 2D Barcode), by Application (Asset Management, Employee Attendance Time Tracking, and Others (Package Tracking)), and by Industry Vertical (Education, BFSI, Government, Healthcare, Telecom and IT and Others (Manufacturing)), Forecast Period (2023-2030)

The global IC barcode software market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growing trend toward automation has driven the demand for IC barcode software. These software solutions enable automated data capture and identification of integrated circuits, streamlining manufacturing processes and improving efficiency. In June 2023, PageProof introduced an automated barcode scanner to enhance the efficiency and preciseness of reviewing and approving packaging proofs. The automated barcode scanner really is time-saving magic for reviewers. It identifies all barcodes and QR codes on a proof, making it ingeniously simple for both designers and marketing teams to ensure details are pixel perfect. PageProof’s scanner tool helped in verifying and validating the barcodes and QR codes to provide an error-free and efficient review process.

Segmental Outlook

The global IC barcode software market is segmented based on the type, application, and industry vertical. Based on the type, the market is sub-segmented into 1D barcode and 2D barcode. Based on application, the market is sub-segmented into asset management, employee attendance time tracking, and others (package tracking). Further, based on industry vertical, the market is sub-segmented into education, BFSI, government, healthcare, telecom and IT, and others (manufacturing). Among the industry vertical, the BFSI sub-segment is anticipated to hold a considerable share of the market, owing to the trend towards integrating IC barcode software with mobile devices, easy and convenient scanning and tracking of assets and resources using mobile apps.

2D Barcode Sub-Segment is Anticipated to Hold a Prominent Share in the Global IC Barcode Software Market

Among the type, 2D barcode sub-segment is anticipated to hold a considerable share of the market, owing to the growing popularity and adoption of 2D barcodes, improved security, and authentication in various industries, including healthcare, retail, logistics, and manufacturing, which have driven the demand for IC barcode software capable of reading and generating 2D barcodes. Therefore, the public places are adopting 2D barcode scanners for improving security and authentication. For instance, in January 2023, Chhatrapati Shivaji Maharaj International Airport (CSMIA) Mumbai introduced 2D barcode scanners for the seamless entry of passengers.

Regional Outlook

The global IC barcode software market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Europe regional market is expected to grow considerably over the forecast period, owing to the growing use of cloud-based solutions, and increasing adoption of IoT and connected devices in Europe.

Global IC Barcode Software Market Growth by Region 2023-2030

Source: OMR Analysis

North America is Expected to Hold a Prominent Share in the Global IC Barcode Software Market

Among all regions, North America is expected to hold a prominent share of the global IC barcode software market. The market growth in this region is attributed to the factors such as increasing adoption of IoT, connected devices, and advanced identification technologies. Barcode software is widely used for IC identification, some North American semiconductor companies are exploring advanced identification technologies such as Radio-Frequency Identification (RFID) and QR codes for more streamlined and automated tracking. In addition, the market players are coming into partnership to encourage market growth. For instance, in July 2022, Hopstack Inc. and Barcodes Inc. entered into a strategic partnership in order to improve the hardware and software capabilities and to expand the effort in automated warehousing and fulfillment. The two companies offer an integrated solution to its 3PL, E-commerce fulfillment, and prep centers customers in North America.

Market Players Outlook

The major companies serving the global IC barcode software market include Alterity, Inc., Azalea Software, Inc., Bullet-Proof Software, Inc., General Data Company Inc., Honeywell International Inc., Motorola Solutions, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, OmboriGrid came into the partnership with Code Corp., to reduce the cost of barcode scanning.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global IC barcode software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.