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.
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), Ltd, among others.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
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Key Segments
The different types of data center profiled in this report on data center RFID market are mid-sized data center, enterprise data center, and large data center.
The segments of the data center RFID market, on the basis of solutions, are readers, antennas, tags, software, and others.
The global data center RFID market, on the basis of services, has been bifurcated into integration services and professional services.
The different types of verticals identified in the segmental assessment of the data center RFID market are BFSI, IT & telecom, government & defense, retail, healthcare, and others.
Regional Analysis
The regional evaluation of the global data center RFID market is offered in this MRFR report on both regional and a country-level basis. The major regional segments of the market are Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW). North America is a prime region of the data center RFID market and held the maximum market share in 2018. The presence of key players such as EMC Corporation, Cisco System, Inc., Hewlett-Packard Inc., CyrusOne, etc. in the region is anticipated to influence the growth trajectory of the data center RFID market in the region positively over the next few years. The early and large-scale adoption of data centers in the region has encouraged the expansion of the regional market and is set to exhibit a similar trend in the forthcoming years. Also, the generation of massive amounts of data through social media platforms, various industries, etc. is likely to fuel demand for data center RFIDs in the region over the next couple of years.
Asia Pacific is the fastest growing regional segment of the data center RFID market in the foreseeable future. Rapidly growing demand for digitization is likely to benefit the growth of the regional market in the upcoming years. Large volumes of data generated in different industry verticals, especially in BFSI, is expected to propel the expansion of the market in the region across the projection period.
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Intended Audience
- BFSI
- Application Developers
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Cloud Service Providers
- Instant Messaging Vendors
- Security Solution Providers
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