Premiumization Will Be Factor in Barcode Label Printer Growth
According to a new report by Technavio (technavio.com), "Global Barcode Label Printer Market 2017-2021," the focus on premiumization through product innovation will be one of the major factors that will have a positive impact on the growth of market till 2021.
Barcode printing is attracting wide popularity across numerous sectors and the vendors of barcode printers are expanding their product range in the market. They are also increasing their production capacities to cater to the rising demands of end-users. Moreover, these vendors are also concentrating on implementing new data collection technologies and other features that can be equipped into their existing product lines. Our market research analysts predict that this market will grow at a CAGR of more than 8% by 2021.