Global Data Center RFID Market Synopsis
The data analysts of Market Research Future Reports
have revealed that the global Data Center RFID Market is projected to value USD
5.53 billion, recording a CAGR of 36.3% during the forecast period from 2019 to
2024. The growing usage of RFID tags in supply chain management and in the
healthcare sector is anticipated to propel the global data centre RFID market
2020. There has been a growth in the
amount of data and information due to the increasing usage of mobile devices,
IoT devices, and the internet. RFID lessens the errors during the operations
processes, which is why it is preferred. The growing demand for data centres is
the most significant factor resulting in the expansion of the market. Moreover,
data centre RFID is used that lessens the downtime by locating the damaged
system or part in the data centre.
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However, the expansion of the data RFID market is
estimated to be affected significantly due to the outbreak of COVID-19. The
daily operations in various regions were put to a halt which immensely affected
the manufacturing cycle of the product.
Market Segmentation
The global data centre RFID market can be segregated
on the grounds of solutions, vertical, services, data centre type, and region.
On the basis of solutions, the global data centre
RFID market can be classified into software, tags, readers, antennas, and
others.
On the basis of vertical, the global data centre
RFID market can be classified into government & defence, BFSI, IT &
telecom, retail, healthcare, and others.
On the basis of services, the global data centre
RFID market can be classified into integration services and professional
services.
On the basis of data centre type, the global data
centre RFID market can be classified into enterprise mid-sized data centre,
data centre, and large data centre.
On the basis of region, the global data centre RFID
market can be classified into Europe, North America, Asia-Pacific, and the Rest
of the World (RoW).
Regional Analysis
A comprehensive analysis of the global data centre
RFID market has been performed for Europe, North America, Asia-Pacific, and the
Rest of the World (RoW). The market is estimated to grow at a significant rate
during the review period from 2019 to 2024. As per the analysis, the global
data centre RFID market is projected to be dominated by North America. It is
likely to acquire the largest market share during the assessment period. Also,
the data centres were adopted at an early stage which is another crucial factor
driving the regional market. Besides, the growing volume of data generation
from several sectors in the region is another significant cause of market expansion.
On the other hand, the APAC region is estimated to be the fastest-growing
market during the review period. The digitalization of the region is the most
significant factor resulting in market expansion. Besides, the region is
adopting the technology at a faster pace which is additionally fueling the
market. Moreover, the number of data centres is estimated to augment
considerably. Hence, RFIDs will become a necessity to carry out efficient
management. Also, the growing number of social media platforms and users in
various sectors, particularly in BFSI, is likely to grow the market
significantly.
Key Players
The notable players of the global data centre
Invengo Information Technology Co. (China), RFID market are IBM Corporation
(US), HP Inc. (US), Avery Dennison Corporation (US), Impinj, Inc.(US), GAO RFID
Inc. (Canada), RF Code Inc. (US), Zebra Technologies Corporation (US), Omni-ID,
Ltd.(US), Alien Technology Corporation(US), Ltd. and a few others.
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