Thermal Printer Market Share – Predictions 2017-2021
Barcodes were introduced in the 1970’s, and since then they have started to grow in popularity, and for excellent reasons. Barcodes make it easier to collect, record, and analyze data automatically. To print barcodes, you need a thermal printer, whether it be an industrial, desktop, or mobile printer and the appropriate thermal labels. In November 2017, Technavio posted a report on the global barcode label printer market. Their report included their predictions for the market size and growth rate of from 2017 to 2021.
The report has a lot of useful information and we wanted to simplify some of it with an infographic, including how the market is expected to grow by 8.45%, or over $1,200 million, by 2021. Not only is the market expected to increase, but it is likely to grow across all three types of printers.
This could be the result of retail, healthcare, transportation and logistics, and manufacturing industries utilizing barcodes for better efficiency within their organizations.
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