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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