What is the Market Share of QR Codes in India | Insights, Trends & Growth Analysis 2026

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Code: MTA11329

Publication Date: Dec 2025

What is the Share of India QR Codes Market?

According to 6Wresearch internal database and industry insights, the India QR Codes Market is expected to grow at a CAGR of 10.3% during 2026-2032.

This expansion is supported by technological advancements, supportive government policies, and the increasing adoption of smart devices and grid storage. This industry accounted for an estimated market share of over 19% within the overall energy storage ecosystem in 2025.

Growth Factors for India QR Codes Market Industry

Rising adoption of digital payments is accelerating QR-based transactions.
Increasing smartphone usage is expanding QR code accessibility nationwide.
Growing preference for contactless services is improving user convenience.
Business digitalisation is driving QR deployment across retail and services.
Wider acceptance of UPI is strengthening QR code utilisation.

India QR Codes Market Trends

The Indian QR code market is experiencing a surge in the adoption of QR codes in the payment sector, as well as other industries. Businesses are implementing dynamic QR codes for real-time data updates, to create personal engagement with their customers, and for better tracking of their customers' purchases. Consumers are embracing QR codes as a fast and convenient way to verify their identity, complete self-checkout transactions, and obtain digital receipts. The contact-free shopping experience, along with the integration of loyalty programs and app-based interactions, is influencing consumer purchase behaviour.

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Emerging Developments in the India QR Codes Market

The India QR Codes Market developments highlight stronger adoption of encrypted codes, API-linked payment gateways, and customisable QR templates. Companies are introducing advanced solutions enabling real-time monitoring, location-based analytics, and dynamic redirection features. Integration of QR codes into smart packaging, digital menus, and automated ticketing is expanding their utility. Enhanced onboarding tools, multi-language content access, and improved security upgrades are encouraging wider usage across both urban and semi-urban regions.