Data Center Rfid market Expected To Cross USD 5.53 Billion By 2024: Global Forecast News

Global Data Center RFID Market Research Report: By Data Center Type (Enterprise Data Center, Mid-Sized Data Center, Large Data Center), by Solutions (Readers, Tags, Antennas, Software, Others), by Service (Professional Services and Integration Services), by Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Retail and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) — Forecast till 2024

Data Center RFID Market Highlights

The global Data Center RFID Market is expected to register a CAGR of 36.3% during the forecast period of 2019–2024. There are various factors contributing to the growth of the global data center RFID market, such as the increasing requirement for asset management systems to improve the operational efficiency and functionality of the data centers. Additionally, to overcome the losses caused due to downtime of the data center, the RFID usage is increasing as these devices and systems track and locate the malfunctioning systems or assets.

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Key Segments

By data center type, the market has been segmented into enterprise data center, mid-sized data center, and large data center.

By solution, the market has been segmented into readers, tags, antennas, software, and others.

By services, the market has been segmented into professional services, and integration services.

By vertical, the market has been segmented into BFSI, government & defense, it & telecom, healthcare, retail, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Key Players

MRFR recognizes the key players in the global data center RFID market as HP Inc.(US), IBM Corporation(US), Avery Dennison Corporation(US), GAO RFID Inc.(Canada), Impinj, Inc.(US), RF Code Inc.(US), Omni-ID, Ltd.(US), Zebra Technologies Corporation (US), Alien Technology Corporation(US), and Invengo Information Technology Co.(China).

The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.

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