$2.1 Billion QR Code Outlook

Submitted by lander on Fri, 10/25/2019 - 14:25

Article from Yahoo Finance: $2.1 Billion QR Code Labels Markets - Global Outlook Report 2017-2026

Global QR code labels market accounted for $907.83 million in 2017 and is expected to reach $2,105.85 million by 2026 growing at a CAGR of 9.8% during the forecast period.

Some of the key factors such as rising use of code labels in inventory management and personal use and usage of these codes in storing information such as webpages, URLs, text, and contact information are driving the market growth. However, codes steadiness on a mobile device or smartphone act as the restraining factor for the QR code labels market growth.