RFID Market Report, History and Forecast 2019-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application

RFID Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2026). The research presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data.

The Scope of Global RFID Industry: This report assesses the growth rate and the current market value on the grounds of the market dynamics, in addition to the growth facets. The analysis is based on the RFID market information, growth potentials, and market trends. It contains an in-depth investigation of this sector and scenario, along with the analysis of their leading competitors.

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RFID Market to 2019 :

Competitor’s Landscape:

Leading Keyplayers Listed in this Report covers their insights upto 2018, some coverage from the competitor covers the following information:

• Company Profile
• Product Information (RFID)
• Production Information (2013-2018)
• Development of RFID Manufacturing Technology
• Analysis of RFID
• Trends of RFID
• Contact Information

RFID Market – Regional Analysis

On the basis geography, the RFID market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. North America is expected to hold dominant position in RFID market over the forecast period, owing to increasing in Revenue on approved products in the region. Asia Pacific is expected to witness significant growth due to emerging market players and their market expansion strategies.

In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the RFID industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The report also makes some important proposals for a new project of RFID Market before evaluating its feasibility. Overall, the report covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the RFID market. It offers facts related to the mergers, acquirement, partnerships, and joint venture activities widespread in the market.

This research report categorizes the global RFID market by top players/brands, region, type and end user. This report also studies the Global RFID market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the RFID industry for the forecast period 2019-2026?
  • What are the major driving forces expected to impact the development of the RFID market across different regions?
  • Who are the major driving forces expected to decide the fate of the industry worldwide?
  • Who are the prominent market players making a mark in the RFID market with their winning strategies?
  • Which industry trends are likely to shape the future of the industry during the forecast period 2019-2026?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the RFID market?

The report is distributed over 15 Chapters to display the analysis of the RFID market.

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RFID Market: Technological Breakthroughs by 2026

RFID Market Overview:

The RFID Market Report released and promoted by CMI draw out historical, existing, and forecast valuation of the RFID industry till 2026. The report highlights the market essentials, opportunities, regional market, Emerging Growth Factors, market challenges, forecast and competitors joined with their market share. The fundamental purpose of RFID Market report is to provide an appropriate and strategic analysis of the RFID industry.

Market Dynamics:

Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses. Increasing adoption of advanced technologies such as Real Time Location Systems (RTLS), sensor networks, Internet of Things (IoT), radio frequency identification devices (RFID) help in increasing the security of the data from the cyber threat. This features help in controlling the data loss and securing the data from unauthorised access. Hence, this factor will positively help in fuelling the growth of the market.

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The RFID Market structure covers the value chain, player categories, product ranges, key players’ presence across products and end user segments of the market. The report also provides a snapshot of key competition, market trends with forecast over the next 5-8 years, anticipated growth rates and the principal factors driving and impacting growth market data and analytics are derived from a combination of primary and secondary sources.

The research process involved the study of various factors affecting the industry, including the government policy, market situation, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.

Top merchant analysis is one of the key component and is exceptionally helpful for each player to comprehend focused scene in the market. Major key companies present in RFID market report are: The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc. 

RFID Market report is the believable source for gaining the market research that will exponentially accelerate your business. Additionally, it Presents new task SWOT examination, speculation attainability investigation, and venture return investigation.

Market Factors Analysis:

Market driver:

  • Increasing market invasion of new technologies
  • For a full detailed, view our report

Market challenge:

  • Challenges in RFID applications
  • For a full detailed, view our report

Market trend:

  • Rising demand for RFID in the market
  • For a full detailed, view our report

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In the end, RFID Market Report delivers a conclusion which includes Research Findings, Market Size Estimation, Market Share, Consumer Needs/Customer Preference Change, Data Source. These factors will increase business overall.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

RFID Market Outlook and Opportunities in Grooming Regions 2026

Coherent Market Insights has recently updated its massive report catalogue by adding a fresh study titled “Global RFID Market – Industry Analysis, Size, Share, Growth, Trends, & Forecast 2018-2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with the growth of manufacturers in the global market for RFID. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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This report on the RFID market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the wellness programs and services for corporate companies and new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides overall information and data analysis of the global RFID market regarding leading market segments based on service type and regions.

Market Dynamics –Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses. Increasing adoption of advanced technologies such as Real Time Location Systems (RTLS), sensor networks, Internet of Things (IoT), radio frequency identification devices (RFID) help in increasing the security of the data from the cyber threat. This features help in controlling the data loss and securing the data from unauthorised access. Hence, this factor will positively help in fuelling the growth of the market.

Geographically, RFID market report 2018-2026 provides a detailed analysis of major regions such as North America, Europe, Asia Pacific, South America & the Middle East and Africa. RFID market analysis is provided for the international market including development history, competitive landscape analysis, and major regional development status, segmentations with product type and application.

RFID market report covers types, applications, Vendors, production, consumption, sales, revenue, market share, gross margin, cost, gross, market share, CAGR, imports & exports, and market influencing factors.

This research study covers RFID Market competition by top manufacturers, with production, price, and revenue (value) and market share. Major Participants Included in RFID Market are, The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc. 

In the end, the report makes some important proposals for a new project of RFID Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of global market covering all important parameters.

  • RFID driver
  • RFID challenge
  • RFID trend

Market Taxonomy:

By Product Type

  • RFID Tags
  • RFID Readers
  • Middleware

By Tags Type

  • Active Tag
  • Passive Tag

By Frequency

  • Low Frequency
  • High Frequency
  • Ultra Frequency

By Applications

  • Retail
  • Financial Services
  • Health Care
  • Agriculture
  • Government
  • Transport& Logistics
  • Manufacturing
  • Others

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What RFID Market Research Offers:

  • Global RFID industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
  • RFID Industry gives assessments for the regional level analysis with Production, Sales, Consumption, Imports, and Exports
  • RFID market provides manufacturers with basic information, product category, sales revenue, price, and gross margin (2018-2026)
  • RFID market forecasts for a minimum of 6 to 8 years of all the mentioned segments
  • Supply chain trends mapping the latest technological advancements
  • Strategic for the new entrants in the RFID market
  • Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
  • Company profiling with detailed strategies, financials, and recent developments

TOC of RFID Market Report Covered: Market research methodology, Opportunity in the market, Market landscape, Market segmentation by type, Geographical Segmentation, Market drivers, Market challenges, Market trends, RFID market Vendors landscape, List of Exhibits

RFID Market Shows Positive long-term growth outlook 2018-2026

RFID Market Market reports cover complete modest view with the market stake and company profiles of the important contestants working in the worldwide market. The RFID Market market offers a summary of product specification, production analysis, technology, product type, considering key features such as gross, gross margin, revenue, cost. The report enlists several important factors, starting from the basics to advanced Market intelligence which play a crucial part in strategizing.

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Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses. Increasing adoption of advanced technologies such as Real Time Location Systems (RTLS), sensor networks, Internet of Things (IoT), radio frequency identification devices (RFID) help in increasing the security of the data from the cyber threat. This features help in controlling the data loss and securing the data from unauthorised access. Hence, this factor will positively help in fuelling the growth of the market.

RFID Market Market research study provides key statistics on the Market status of the RFID Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the RFID Market industry. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the Market. RFID Market Market report analyses the Market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and Market demand and supply scenarios.

In the end, the report makes some important proposals for a new project of RFID Market Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of global market covering all important parameters.
• RFID Market driver
• RFID Market challenge
• RFID Market trend

There are Multiple Chapter to display the Global RFID Market Market some of them As Follow:

Chapter 1, Definition, Specifications, Classification, Applications of RFID Market Market Segment by Regions;
Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, Technical Data and Manufacturing Plants Analysis of RFID Market, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, RFID Market Segment Market Analysis (by Type);
Chapter 7 and 8, The RFID Market Segment Market Analysis (by Application) Major Manufacturers Analysis
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Natural preservative, Chemical preservative, Market Trend by Application;
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, The Consumers Analysis of Global RFID Market;
Chapter 12, RFID Market Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, RFID Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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Major Key Players Involved In The RFID Market Market Report Are: The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc. 

Major Question Answered in RFID Market market report:
• What will the market size be in 2026 and what will the growth rate be?
• What are the key market trends and growth drivers?
• What are the new project investment feasibilities?
• How does the market relate to the overall economy, demography and other similar markets?
• What is the regional supply/demand, import/export, capacity, production, production value?
• What are the challenges faced by key players in this market?
• What forces will shape the market going forward?
• What Strategies are the market players adopting to ensure sustainability?
• How market is categorized and which are the leading segments? Which region or country is driving demand?

RFID Market Growing at Steady CAGR to 2025

The New Report added to database “Global RFID Market Analysis & Forecast 2017-2025” by WMR

Global RFID Market report provides pin-point analysis for changing competitive dynamics through comprehensive Estimation of the key market dynamics. In-Depth competition analysis of the major companies in the RFID market has also been provided in the report. On conducting thorough research on the history as well as current growth parameters of the RFID market, growth prospects of the RFID market have been obtained with maximum particularity.

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This will help readers evaluate the long-term and the RFID short-term strategies, various product offerings, and recent developments in the RFID industry. The report features unique and salient factors that are likely to have a significant impact on the development of the RFID market during the forecast period 2017-2025.

RFID Market: Segmented by Manufacturers / Types / Applications / Regions.

Market Segment by Manufacturers

  • Company 1
  • Company 2
  • Company 3
  • Company 4

Market Segment by Products/Types

  • Type 1
  • Type 2
  • Type 3
  • Type 4

Market Segment by Applications/End-Users

  • Application 1
  • Application 2
  • Application 3
  • Application 4

Market Segment by Regions

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Further, in the RFID Market research report, the following points are included along with an in-depth study of each point:

  1. Production Analysis – Production of the RFID is analyzed with respect to different regions, types and applications. Here, price analysis of various RFID Market key players is also covered.
  2. Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the RFID Market. Another major aspect, price, which plays an important part in the revenue generation is also assessed in this section for the various regions.
  3. Supply and Consumption – In continuation of sales, this section studies supply and consumption for the RFID Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.
  4. Competitors – In this section, various RFID industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
  5. Other analyses – Apart from the information, trade and distribution analysis for the RFID Market, contact information of major manufacturers, suppliers and key consumers are also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

  • It provides a forward-looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Detailed TOC of Global RFID Industry Market Analysis & Forecast 2017-2025

Chapter 1 RFID Market Overview

1.1 Product Overview and Scope of RFID

1.2 RFID Market Segmentation by Type in 2016

1.2.1 Global Production Market Share of RFID by Type in 2016

1.2.1 Type 1

1.2.2 Type 2

1.2.3 Type 3

1.3 RFID Market Segmentation by Application in 2016

1.3.1 RFID Consumption Market Share by Application in 2016

1.3.2 Application 1

1.3.3 Application 2

1.3.4 Application 3

1.4 RFID Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of RFID (2013-2025)

1.5.1 Global Product Sales and Growth Rate (2013-2025)

1.5.2 Global Product Revenue and Growth Rate (2013-2025)

Chapter 2 Global Economic Impact on RFID Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global RFID Market Competition by Manufacturers

3.1 Global RFID Production and Share by Manufacturers (2016 and 2017)

3.2 Global RFID Revenue and Share by Manufacturers (2016 and 2017)

3.3 Global RFID Average Price by Manufacturers (2016 and 2017)

3.4 Manufacturers RFID Manufacturing Base Distribution, Production Area and Product Type

3.5 RFID Market Competitive Situation and Trends

3.5.1 RFID Market Concentration Rate

3.5.2 RFID Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

And Continued…

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

RFID Market trends estimates high demand by 2026

Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses. Increasing adoption of advanced technologies such as Real Time Location Systems (RTLS), sensor networks, Internet of Things (IoT), radio frequency identification devices (RFID) help in increasing the security of the data from the cyber threat. This features help in controlling the data loss and securing the data from unauthorised access. Hence, this factor will positively help in fuelling the growth of the market.

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Increasing adoption of Internet of Things (IoT) is one of the major factor driving growth of the market.

Increasing adoption of IOT in the various verticals such as manufacturing, healthcare, retailers and many others is one of the major factors driving growth of the market. Increasing adoption of advanced technologies such as sensor, smart devices, robots and many more in the various verticals has positively uplifting the adoption of IOT in the various verticals, which in turn is driving the growth of the market. For instance, according to the Coherent Market Insights, in 2016, number of IoT connected device were US$ 17.69 billion and it is grown up to US$ 20.38 billion in 2017, worldwide. Increasing focus of the various verticals towards increasing the profit by controlling the wastage of resources is increasing the adoption of IOT among verticals. As in the IOT environment the components are required in order to perform communication between the devices and objects.

Cloud-based RFID tags provide growth opportunity to the market

Increasing adoption of cloud services and solutions by the organization is expected to provide a growth opportunity to the market. Enterprises are adopting cloud-based applications at a large scale, which in turn increase the cloud traffic. For instance, according to Coherent Market Insights’ analysis, global cloud IP traffic is expected to reach 14 ZB by the end of 2020, up from 4 ZB per in 2015. Moreover, adoption of cloud based RFID software will help enterprises to reduce the cost of infrastructure and minimize complexity in managing access controls and compliance for users by preventing data breach issues. Since, the organisation managing their work over the cloud will positively increases the demand of cloud based solutions. Hence, this factor will positively help increasing the demand of the cloud based RFID tags which in turn providing a growth opportunity to the market.

Lack of awareness among the enterprises about the RFID technology is one of the major challenges for hampering the growth of the market.

Lack of awareness among the enterprises is one of the major challenges restraining growth of the market. Since, the benefit of RFID solutions are not known by the SMEs, it will negatively impact growth of the market. Moreover, implementation cost of the RFID is high, which in turn restrict the SMEs for adopting the RFID solutions in the Enterprises.

Global RFID Market: Regional Insights

On the basis of regions, the global RFID market is segmented in to North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in the global RFID market in 2017, and is expected to retain its dominance throughout the forecast period. North America accounted for the largest market share in global RFID market in 2017, owing to increasing number of cyber-threats across the various verticals such as healthcare, banking and financial, retail, manufacturing and many more, which is driving the growth of the market in this particular regions.

Global RFID Market: Competitive Landscape

The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc. The key players of the market such as Alien Technologies, Honeywell International, Inc and among others adopted the new product development strategy in order to gain the competitive edge in the market. For instance, in April 2014, Alien Technology, industry leader of the Radio Frequency Identification (RFID) Ultra High Frequency (UHF) products and services introduced the two UHF Passive RFID Tags for the Consumer Electronics applications. The major benefits offered by these tags are less power consumption and small size, which in turn helps in increasing the performance of the applications. Thus, introduction of new product is expected to provide growth opportunities to market players by increasing the offerings for the customer.

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RFID Market Entry Strategies, Countermeasures of Economic Impact Channels to 2026

Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses. Increasing adoption of advanced technologies such as Real Time Location Systems (RTLS), sensor networks, Internet of Things (IoT), radio frequency identification devices (RFID) help in increasing the security of the data from the cyber threat. This features help in controlling the data loss and securing the data from unauthorised access. Hence, this factor will positively help in fuelling the growth of the market.

Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/1739

Increasing adoption of Internet of Things (IoT) is one of the major factor driving growth of the market.

Increasing adoption of IOT in the various verticals such as manufacturing, healthcare, retailers and many others is one of the major factors driving growth of the market. Increasing adoption of advanced technologies such as sensor, smart devices, robots and many more in the various verticals has positively uplifting the adoption of IOT in the various verticals, which in turn is driving the growth of the market. For instance, according to the Coherent Market Insights, in 2016, number of IoT connected device were US$ 17.69 billion and it is grown up to US$ 20.38 billion in 2017, worldwide. Increasing focus of the various verticals towards increasing the profit by controlling the wastage of resources is increasing the adoption of IOT among verticals. As in the IOT environment the components are required in order to perform communication between the devices and objects.

Cloud-based RFID tags provide growth opportunity to the market

Increasing adoption of cloud services and solutions by the organization is expected to provide a growth opportunity to the market. Enterprises are adopting cloud-based applications at a large scale, which in turn increase the cloud traffic. For instance, according to Coherent Market Insights’ analysis, global cloud IP traffic is expected to reach 14 ZB by the end of 2020, up from 4 ZB per in 2015. Moreover, adoption of cloud based RFID software will help enterprises to reduce the cost of infrastructure and minimize complexity in managing access controls and compliance for users by preventing data breach issues. Since, the organisation managing their work over the cloud will positively increases the demand of cloud based solutions. Hence, this factor will positively help increasing the demand of the cloud based RFID tags which in turn providing a growth opportunity to the market.

Lack of awareness among the enterprises about the RFID technology is one of the major challenges for hampering the growth of the market.

Lack of awareness among the enterprises is one of the major challenges restraining growth of the market. Since, the benefit of RFID solutions are not known by the SMEs, it will negatively impact growth of the market. Moreover, implementation cost of the RFID is high, which in turn restrict the SMEs for adopting the RFID solutions in the Enterprises.

Global RFID Market: Regional Insights

On the basis of regions, the global RFID market is segmented in to North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in the global RFID market in 2017, and is expected to retain its dominance throughout the forecast period. North America accounted for the largest market share in global RFID market in 2017, owing to increasing number of cyber-threats across the various verticals such as healthcare, banking and financial, retail, manufacturing and many more, which is driving the growth of the market in this particular regions.

Global RFID Market: Competitive Landscape

The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc. The key players of the market such as Alien Technologies, Honeywell International, Inc and among others adopted the new product development strategy in order to gain the competitive edge in the market. For instance, in April 2014, Alien Technology, industry leader of the Radio Frequency Identification (RFID) Ultra High Frequency (UHF) products and services introduced the two UHF Passive RFID Tags for the Consumer Electronics applications. The major benefits offered by these tags are less power consumption and small size, which in turn helps in increasing the performance of the applications. Thus, introduction of new product is expected to provide growth opportunities to market players by increasing the offerings for the customer.

For In depth Information Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1739