Barcode Statistics

Barcode Statistics 2023: Facts about Barcode outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Barcode, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Barcode Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 63 Barcode Statistics on this page 🙂

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Barcode “Latest” Statistics

• Each individual’s population identification is a random variable with a prior probability of 50% to be a member of each species’ population.^[1]
• The divergence time scaled by population size must be over 2.7 when θ = 5.0 and 4.6 when θ =1.0 in order to have more than a 95% probability of correctly identifying the sequence.^[1]
• Except for PhyML and the kernel approach for cowries at the subspecies level, all other techniques had success rates of at least 90%.^[2]
• All techniques performed quite badly, with a success rate of less than 66% for a tiny mutation rate (θ = 3).^[2]
• The success percentage for the 1-NN technique with θ = 3 was only 78.35% for n = 3 but was 91.05% for n = 25.^[2]
• The success rates for the different assignment techniques were from 86.30% to 87.25% for θ = 3 and from 93.50% to 96.20% for θ = 30.^[2]
• The success of approaches was greatly enhanced by increasing the reference sample size, which in certain instances went from 78% to 91%.^[2]
• Before polymorphism was enhanced, all approaches already had a success rate of roughly 75% during this period of low speciation.^[2]
• Similar success rates of over 90% were achieved by almost all techniques for the three data sets on the Amazonian butterfly.^[2]
• Retailers’ operational costs dropped by 10-12%, allowing them to slash their pricing and consequently gain market share.^[3]
• A supermarket could not utilize it at cost savings until the manufacturer has put the barcode on at least 70% of the items in the store.^[3]
• The chargebacks might cause a 2% to 10% decline in a manufacturer’s income.^[3]
• The identification method in bold uses these common patterns of sequence variation as a basis. If the query sequence exhibits a close match with less than 1% divergence from a reference sequence.^[4]
• Despite the fact that the barcode standard calls for a read of 500-bp with less than 1% Ns, bold enables the input of shorter sequences with no maximum Ns.^[4]
• If all 100 of a specimen’s nearest neighbors are chordates, then the specimen in question is likewise a Chordate since 100% of its closest neighbors also belong to this phylum.^[4]
• All potential species designations are shown in those rare cases when two or more taxa share sequences with less than 1% divergence.^[4]
• The same goes for barcode records; they enter the bold even if their deep sequence divergence from current records for a single species is 2%.^[4]
• The chance of achieving 10% congruence scores often decreases at lower levels of the hierarchy due to the reference database’s current size restrictions.^[4]
• When a species-level match cannot be made, the query DNA is placed in a genus if it diverges by 3% from the reference sequence.^[4]
• A 96% increase in QR Code Reach, a 94% increase in engagements, and a 98% increase in interactions per item.^[5]
• According to CNN Tech, 1.65 trillion dollars’ worth of business was transacted in China using QR codes in 2016.^[5]
• By 2020, 5.3 billion QR code coupons will be redeemed on smartphones, according to Juniper Research.^[5]
• A recent analysis by Statista predicted that in the U.S. alone, 11 million homes will have scanned a QR code by the year 2020.^[5]
• Statista said that 64% of respondents were in favor of implementing the system with QR codes and other comparable systems.^[5]
• It’s also important to note that the market for contactless payments is anticipated to reach USD4.68 trillion by 2027, growing at a CAGR of 19.8% from 2020 to 2027.^[5]
• WeChat QR codes’ economy grew by 25.86% in the first quarter alone, according to Tencent’s 2020 Pandemic report, despite the challenging macroeconomic situation.^[5]
• According to Gartner research, contactless payments will be accepted for 80% of online purchases by 2024.^[5]
• About 25-30% of people in industrialized countries utilize QR codes.^[5]
• The number of internet users increased by 4% between January 2021 and January 2022.^[5]
• 33% of restaurant owners, as per the most recent Restaurant Readiness Index research, agree that QR codes have improved their company.^[5]
• 34% of Canadian customers scanned a food QR code to learn more about the brand or business and to take part in a promotion.^[5]
• 29% of all smartphone users worldwide would make payments using QR codes by the year 2025.^[5]
• 67% of respondents, or two-thirds, believed that QR codes made life simpler.^[5]
• Even with 20% DNA mistakes, such high accuracy and considerably lower recall are still possible.^[6]
• A commodity workstation with two GPUs is expected to have an amortized calculation cost of between USD0.15 and USD0.60 per million decoded readings by 2022.^[6]
• The usage of random barcodes is long enough to be properly decoded even with six mistakes and even at nucleotide error rates of 10% or 20%.^[6]
• Then, a horizontal line is drawn at the 1% threshold or a comparable level, providing for a clear distinction between intraspecific distances and closest neighbor distances.^[7]
• Except in the case of barcode haplotype sharing, the majority of queries to the species level will be accurately identified by the nearest neighbor assignment with an arbitrary 1-2% threshold or none.^[7]
• A maximum intraspecific distance of 9.22% closest neighbor distance and 22.78% nearest species was shown by the deepwater bristlemouth (Cyclothone atraria).^[7]
• Most species are represented by fewer than three sequences in a library that is only 60% complete because of barcoding efforts.^[7]
• Users may change the default 95% detection limit, or the likelihood of parsimony used by TCS, to any number between 90-99%.^[7]
• The majority of species evaluated since the lowest interspecific genetic distance is greater than the maximum intraspecific genetic distance in 146 of 152 species, 96.1% of them exhibit a barcode gap.^[7]
• A hypothetical library that is 98% complete is the outcome of several barcoding initiatives throughout the years that were focused on tracking fisheries bycatch.^[7]
• These codes ease life, according to 67% of respondents, while 58% support their widespread adoption.^[8]
• 90% of people worldwide will have access to high-speed internet, according to a Juniper Research report.^[8]
• 15% of people in the Philippines, South Korea, and Singapore use QR codes to make purchases.^[8]
• Given that most students in Algeria have access to mobile devices and that the country’s mobile penetration rate is above 111%, schools there are using QR codes to implement a blended and interactive learning strategy.^[8]
• 40% of people are interested in giving QR codes in the future, while over 30% now do so.^[8]
• 34% of customers scanned a QR code on a food label to learn more about a brand or business and to join a contest.^[8]
• Even though 74% of Thai consumers knew that QR codes might make payments in 2018, just 23% actually did so.^[8]
• According to a 2019 survey by the Global Web Index, 8% of people in North America used QR codes globally.^[8]
• In a separate poll conducted by Statista, it was discovered that 18.8% of American customers strongly agreed that they had seen a rise in the usage of QR codes since the start of COVID-19.^[8]
• Many food labels and packaging incorporate QR codes. According to a Statista survey, 57% of people scanned a food QR code to get detailed product information.^[8]
• Repeat engagement increased by 35%, indicating that consumers are reading QR codes more than once.^[8]
• Even though South Africa is one of several economically struggling nations, 80% of its people are expected to possess smartphones by the year 2021.^[8]
• According to a Statista poll, 16% of male respondents used their cell phones to scan QR codes for information during the survey period.^[8]
• That value has greatly grown in the years that have followed, in part because, according to a 2019 poll, 50% of QR code scanners can scan QR codes on a weekly basis.^[8]
• According to worldwide QR code use, 15% of all QR codes in 2019 were used in East Asia.^[8]
• 72% of respondents had scanned a QR code in the month prior to its conduct.^[8]
• 43% of Canadian customers claimed to have scanned a food QR code to access a brand’s website, according to Statista.^[8]
• Customers are scanning QR codes more often, which increased QR code reach by 96% within the same time period.^[8]
• With about 83% of its population currently possessing a smartphone, the United Kingdom tops the list of smartphone penetration.^[8]
• Only 10% of respondents who identified themselves as female said they used their cell phones to scan barcodes or QR codes to find out additional information.^[8]

Also Read

How Useful is Barcode

The usefulness of barcodes lies in their ability to store and retrieve information quickly and accurately. By scanning a barcode, the unique pattern of black and white lines is decoded to reveal product details, pricing, and other relevant data. This enables businesses to streamline their operations, reduce human error, and improve customer service.

In the retail industry, barcodes have revolutionized the way products are checked out at the register. Gone are the days of manually entering numbers or prices – a simple scan of the barcode instantly brings up all the necessary information. This not only speeds up the checkout process but also ensures accuracy in pricing and inventory management.

In healthcare, barcodes are used to track patient information, medications, and medical devices. By scanning a barcode on a patient’s wristband or medication package, healthcare providers can access critical information such as allergies, dosage instructions, and expiration dates. This helps prevent medication errors, improve patient safety, and streamline workflow.

In logistics and manufacturing, barcodes are essential for tracking inventory, monitoring production processes, and managing supply chains. By labeling products and packaging with barcodes, companies can easily track the movement of goods from the factory to the warehouse to the end customer. This real-time visibility helps reduce waste, prevent stockouts, and optimize distribution networks.

Beyond their practical applications, barcodes also offer a level of security and authenticity. In industries where counterfeit products are a concern, barcodes can serve as a verification tool to confirm the legitimacy of a product. By scanning the barcode, consumers can validate the authenticity of a product and verify its origins.

Despite their widespread use and undeniable benefits, barcodes are not without limitations. Variations in barcode types, quality issues, and technical limitations can sometimes impede their effectiveness. In certain instances, barcodes may be unreadable due to damage, poor printing, or outdated technology. Additionally, barcodes are limited in the amount of information they can store, which may be a hindrance in industries requiring more detailed or dynamic data.

As technology continues to advance, new barcode alternatives such as QR codes and RFID are emerging as viable alternatives to traditional barcodes. These newer technologies offer improved functionality, greater data capacity, and enhanced connectivity. While barcodes remain a foundational tool in many industries, businesses may need to adapt and incorporate newer technologies to stay competitive and meet evolving customer demands.

In conclusion, barcodes have proven to be a valuable asset in a broad range of industries, providing a convenient and efficient way to track, monitor, and manage information. While they may have some limitations, their overall usefulness far outweighs any drawbacks. As technology continues to evolve, barcodes will likely continue to play a significant role in shaping the future of business operations.

Reference

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1. oup – https://academic.oup.com/sysbio/article/55/1/162/2842926
2. biomedcentral – https://bmcbioinformatics.biomedcentral.com/articles/10.1186/1471-2105-10-S14-S10
3. wikipedia – https://en.wikipedia.org/wiki/Barcode
4. wiley – https://onlinelibrary.wiley.com/doi/10.1111/j.1471-8286.2007.01678.x
5. scanova – https://scanova.io/blog/qr-code-statistics/
6. biorxiv – https://www.biorxiv.org/content/10.1101/2022.07.02.498575v1
7. frontiersin – https://www.frontiersin.org/articles/10.3389/fevo.2022.859099/full
8. qrcode-tiger – https://www.qrcode-tiger.com/qr-code-statistics