Radio Frequency Identification Technology Market Size, Share, Trend, Opportunity Assessment and Global Forecast to 2025 | Top Key Players; Atmel, Accenture and 3M

AnalystView Market Insights recently introduced an in-depth study on Global Radio Frequency Identification Technology market, describing different products and application area which elaborates market outlook and status to 2025.

According to this study, by the end of 2025, the global Radio Frequency Identification Technology market is anticipated to reach USD 41.6 billion, growing at the growth rate of 15.1%. This proposed study provides a comprehensive analysis of radio frequency identification technology based on its growth potential, market drivers, barriers, future opportunities, key players’ market strategies and detailed qualitative analysis for industry segments. Strategic analyses such as Porter’s five forces, PEST analysis, leading companies’ market share (value %), and value chain analysis will also be included in this published study.

RFID (Radiofrequency identification) works on radio frequency technology, wherein digital information is encoded in smart labels or RFID tags. This technology is based on wireless technology that utilizes radio-frequency electromagnetic waves for transferring data from a tag attached to an object, for various reasons such as tracking of objects and automatic identification. The RFID technology is designed to replace manual entry of data stored and used for tracking, inventory and other IT-based supply chain systems. Unlike the traditional bar-code technology, this system supports a larger set of unique ids and incorporates additional data such as product type, manufacture details etc.

RFID industry has been continuously evolving since its invention and the upcoming chip fewer tags are gaining popularity worldwide owing to its reduced size and portability. Current trends indicate that the market will grow fast in the next 8-10 years. With 6.9 billion having been sold worldwide in 2014, the value of the market is anticipated to increase by a factor of ten during 2017-2025. Growing application of RFID in the healthcare industry, raising concerns regarding counterfeiting, growing need for tracking and localizing medical equipment, and increasing demand for reducing medication errors support the growth of this technology in medical applications.

On contrary, high cost and difficulties in identification of metals and liquids present significant challenges for the growth of this industry. This proposed report is an effort to identify factors, which will be the driving force behind the global and country-specific healthcare radiofrequency identification market. The industry report provides extensive analysis of the RFID products, industry drivers and challenges, current market trends, and key players’ strategies.

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Key Takeaways:
• In terms of products, this system comprises three major components namely tags, readers and middleware. Tags accounted for USD 1.79 billion in 2017 and are anticipated to dominate the market over the forecast period.
• Depending upon the application, tracking medical hospital equipment segment is the highest revenue generating segment
• Regionally, U.S. recorded the highest revenue in 2017 and is determined to cross more than USD 1.3 billion during the same year
• Countries like the U.S. is generally open to innovative high-tech solutions, and have a long-standing tradition of being at the forefront of developing automated medical operations, driving this industry demand significantly
• On the flip side, regions such as Latin America and the Middle East are developing slowly, although there is a clear interest in exploring new medical applications for RFID technology
• Companies namely Atmel, Accenture, HITACHI, 3M, IBM, Siemens, and AAID Security Solutions are operating in this market. Key players such as 3M, Atmel and Accenture captured over 40% revenue share collectively in 2017.
• Healthcare companies are increasingly deploying Auto-ID procedures in their supply chains. RFID solutions usually go beyond enterprise boundaries and have to be integrated with extensive IT systems.

Click here to obtain more highlight on “RFID (Radio Frequency Identification) Technology Market, By Products (Readers, Tags, and Middleware), By Application (Hospital, Blood Transfer, Pharmacy – Patient Medication, Patient Identification, and Localization) and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” study @
https://www.analystviewmarketinsights.com/report-highlight-rfid-radio-frequency-identification-technology-market/

Global Radio Frequency Identification Technology Market: Snapshot

MARKET, BY PRODUCT
Readers
Tags
Middleware
MARKET, BY TECHNIQUE
Conventional, and Automated

MARKET, BY APPLICATION
Hospital Equipment Tracking
Blood Transfer Monitoring
Pharmacy – Patient Medication Tracking
Patient Identification
Localization

MARKET, BY REGION
North America (U.S. and Canada)
Europe (France and Germany)
Asia Pacific (India and China)
Middle East and Africa
Latin America
Rest of the World

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include an additional 10 profiles of companies):
Atmel
Accenture
HITACHI
3M
IBM
Siemens
AAID Security Solutions

USP of our key vendor analysis:
1. Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
2. Thorough SWOT i.e. Strength, Weakness, Opportunities, and Threat for individual company profiling is analyzed in order to present a detailed market opportunity assessment.

Key benefits of the report:
1. The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
2. A thorough analysis of relevant statistical data to estimate the market paradigms
3. The report provides an exceptional understanding of the region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
4. Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

Research Methodology:
- Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
- Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
- Market Formulation: Market Dynamics, Total Addressable Market, and Machine Learning Technique
- Data Verification: Quality Assurance and Reach a Conclusion

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