RFID Market to grow at a CAGR of 8.99% to 2021 with Cloud-Based RFID Solutions

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RFID technology uses the electromagnetic signature that accompanies the radio frequency in a specific spectrum to communicate information, which is mostly one way. This process is carried out by the RFID microchip. The reader reads the information from RFID tags, and RFID middleware uses the data to create analytical insights. RFID technology uses the electromagnetic signature that accompanies the radio frequency in a specific spectrum to communicate information, which is mostly one way. This process is carried out by RFID microchip (RFID tag) , RFID reader, and RFID middleware components.

Publisher’s analysts forecast the global RFID market to grow at a CAGR of 8.99% during the period 2017-2021.

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One of the primary drivers for this market is the rise in the number of software solution vendors entering the RFID market. The emergence of cloud-based supply chain management systems has provided a huge opportunity for various software solution companies to offer services that include tracking, data analytics, and inventory management. This helps end-users to know when a shipped product goes missing. It also helps in strengthening the supply chain by eliminating the future loss of finished or semi-finished goods. Such market behavior is highly favorable for the RFID market as mid-sized retailers can make use of such solutions.

Key vendors
– Check Point Software Technologies
– Cisco Systems
– Fortinet
– Honeywell International
– Intel
– Schneider Electric
– Siemens
– Trend Micro
– Tyco International

Other prominent vendors
– Allegion
– Arecont Vision
– Assa Abloy
– Axis Communications
– Boon Edam
– Byremote
– Digitus Biometrics

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Market driver
– Increasing number of software solution vendors entering the RFID market.

Market challenge
– Upcoming technologies that use magnetic or inductive waves instead of radio waves.

Market trend
– Introduction of cloud-based RFID solutions.

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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Key questions answered in this report
– What will the market size be in 2021 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?

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