Monday 28 December 2015

At CAGR of 15%, Global Radiofrequency Identification (RFID) Market Set for Explosive Growth, To Reach USD 22.0 Billion by 2020

Zion Research has published a new report titled “Radiofrequency Identification (RFID) (Tags, Reader, Middleware) Market for Retail, Supply Chain, Aviation, Healthcare, Smart cards, Public Transit and Other applications - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global RFID market was valued at around USD 9.50 billion in 2014 and is expected to reach USD 22.0 billion in 2020, growing at a CAGR of around 15% between 2015 and 2020.
RFID is an acronym of radio frequency identification. RFID is a small electronic device which consists of tags, readers and middleware. RFID device serves the same purpose as a bar code that provides a unique identifier for an object. RFID exhibits several advantages against bar code such as RFID device does not need to be positioned precisely relative to the scanner.  RFID technology is commonly used in companies to increase the efficiency level in operational management. It also used to track and manage the inventory, assets, people, etc.  Reader collision and tag collision are some commonly occurring problems with RFID.
Browse the full "Radiofrequency Identification (RFID) (Tags, Reader, Middleware) Market for Retail, Supply Chain, Aviation, Healthcare, Smart cards, Public Transit and Other applications- Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report athttp://www.marketresearchstore.com/report/radiofrequency-identification-market-for-z39455
Tags, readers and middleware are the key product segments of the RFID market. RFID tags and readers are further categorized into active and passive on the basis of their mechanism. The active RFID devices needs power, which they get from inbuilt power source. On the other hand, passive RFID devices get it from the electromagnetic waves discharge by the readers. The tags segment dominated the global RFID market in 2014. Passive tag accounted for over 70% share of the total RFID market in 2014. Reader is expected to be the fastest growing segment of RFID market during the forecast period.
Global RFID Market
On the basis of applications RFID market can be segmented as retail, supply chain, aviation, healthcare, smart cards, public transit and other applications. Retail application market holds the largest share of RFID market. Retail accounted for over 30% of the total RFID market in 2014. Strong economical growth in emerging economies has been resulted into increased demand for transport and logistics. This in turn fueled the rapid growth of RFID in emerging economies. Transport and logistics is expected to be the major application market over the forecast period followed by retail. Additionally, increasing applications of RFID in inventory, product management, asset tracking, and provide solutions for anti-counterfeiting is expected to have a positive impact on the market. However, lower level of awareness among end-users is expected to hold back the growth of RFID market to some extent.
Browse 29 Market Tables and 24 Figures spread through 70 Pages and an in-depth TOC on “Radiofrequency Identification (RFID)Market - Global Trends & Forecast to 2020”
RFID market was dominated by North America with around 44% shares of total market in 2014. Strong demand for RFID in North America is mainly stemmed from U.S. North America is followed by Asia Pacific and Europe. However, Asia Pacific is expected to be one of the most lucrative regional markets in the coming years. Furthermore, rising awareness about patient safety and tracking of expensive medical devices, are among the key factors contributing to the market growth in all the regions.
Related Published Reports:
Global RFID market is highly competitive, with the presence of well-established global market participants. Alien Technology Corporation, Applied Wireless Identifications Group, Inc., CAEN RFID S.r.l., GAO RFID Inc., Impinj, Inc., Intermec, Inc., Invengo Information Technology Ltd. Co., Motorola Solutions, Inc., Sato Holdings Corporation, STiD are some of the key vendors in the market.
This report segments the global RFID market as follows:

Global RFID Market: Product Segment Analysis
  • Tags
  • Reader
  • Middleware
Global RFID Market: Application Segment Analysis
  • Retail
  • Supply Chain
  • Aviation
  • Healthcare
  • Smart cards
  • Public Transit
  • Others
Global RFID Market: Regional Segment Analysis
  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
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Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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Stevan Schulz is a Research Analyst in Market Research Industry. He is working at Market Research Store as Research Analyst. If you like his work, feel free to contact him Facebook, Google+, Linkedin.

3 comments:

  1. This information you provided in the blog that was really unique I love it!!, Thanks for sharing such a great blog
    Consumer Research | Market reports

    ReplyDelete
  2. I am impress your post thank you for sharing rfid middleware

    ReplyDelete
  3. thank you for Zion Research has published a new report RFID,
    rfid middleware etc .

    ReplyDelete

 

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