"The Report Global RFID
Market 2017-2021 provides information on pricing, market analysis,
shares, forecast, and company profiles for key industry participants.
- MarketResearchReports.biz"
MarketResearchReports.biz
announced the addition of a new research report that offers a
comprehensive evaluation of the global radio frequency identification
(RFID) market. The research report, titled “Global
RFID Market
2017-2021,” provides a clear understanding of the various factors
impacting the trajectory of the overall market. The publication has
been compiled using primary and secondary research methodologies
create an accurate documentation of the ever-changing dynamics of the
global RFID market. Additionally, the research report also includes
an assessment of the historical events pertaining to the market and
the current market situation to help the readers understand the key
patterns that are likely to influence investments and revenue.
According to the research
report, the global RFID market is likely to progress at a CAGR of
8.99% between 2017 and 2021. The market is likely to be driven by the
growing need for data security and efficiency in data entry. Adoption
of RFID technology and systems such as barcode have been pivotal in
automation of data entries, thereby reducing time taken by manual
entries. These systems have also drastically reduced the errors made
during warehousing. Thus, RFID systems are extensively being used in
industries such as logistics, manufacturing, inventory, and
warehousing among others. The digital collection of information
through serial codes, numbers, prices, or count is expected to
ubiquitous in a wide range of industries in the near future.
The industrial segment holds a
major share in the global market as it predominantly used for
tracking assets and managing inventory. RFID tags have become
synonymous with managing and sorting of inventory. End users are
showing a keen interest in adoption of this technology as it is
expected to reduce the cost of operation and manual labor in the long
run.
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Report @
From a geographic point of
view, the global RFID market is divided into the Americas, Europe,
the Middle East and Africa, and Asia Pacific. Presently, the Americas
hold a dominant stance in the global market. The region is projected
to continue its stance as the transportation and logistics industries
in the region again momentum. The resurgence of the automotive
industry in the Americas is also likely to fuel the growth of the
global RFID market during the forecast period.
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http://www.marketresearchreports.biz/pressrelease/4265
Some of the leading players
operating in the global RFID market are Skytron, Fujitsu, Datalogic,
Honeywell International, RF IDeas, Zebra Technologies, Alien
Technology, Acreo Swedish ICT, Avery Dennison, Checkpoint Systems,
Mojix, CipherLab, CoreRFID, GAO RFID, ORBCOMM, Impinj, FEIG
ELECTRONIC, Quantum Resources, Mobile Aspects, Nedap, and RFID4U. The
research report describes and explains the competitive landscape
present in the global market along with assesses the threat to from
the new entrants. The analysts have used Porter’s five forces
analysis to determine the impact of various factors on the evolving
competition in the overall market.
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