Global RFID Market to Grow at a CAGR of 8.99% by 2021: Increasing Number of Software Solution Vendors Entering the RFID Market - Research and Markets

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24 Apr, 2017, 13:30 GMT

DUBLIN, Apr. 24, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global RFID Market 2017-2021" report to their offering.

The global RFID market to grow at a CAGR of 8.99% during the period 2017-2021.

The report, Global RFID Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in market is increasing 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 management/analytics, and inventory management. Microsoft partnered with Mojix to develop a solution by integrating ethereum blockchain and Mojix's IoT platform.

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. In addition, the cost of initial procurement and annual subscription are significantly lower. Therefore, the cost relating to maintenance, update, or modification of the software is transferred to the solution provider.

Further, the report states that one challenge in market is availability of low-cost identification methods. Though RFID provides many advantages over other identification methods, it is expensive. Small and medium-sized enterprises that do not have extensive disposable capital use barcodes because they are low-cost alternatives. The cost of implementing RFID is one of the major challenges in the global RFID market. It requires high initial investments for the deployment and integration of management solutions (middleware) with RFID. Most UHF readers cost around $450-$2,000, excluding the antenna charges. HF and LF RFID readers can cost around $100-$750. However, the ASP of RFID devices is expected to decline during the forecast period, thus making RFID devices more affordable for end-users.

Key vendors

  • Datalogic
  • Honeywell International
  • Zebra Technologies.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Technology landscape

PART 06: Market landscape

PART 07: Market segmentation by product

PART 08: Market segmentation by end-user

PART 09: Geographical segmentation

PART 10: Key leading countries

PART 11: Decision framework

PART 12: Drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/nvxzs2/global_rfid

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