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Worldwide RFID Market 2019 Analysis Observational Studies Focusing On Top Vendors Like Alien Technology, AWID, CAEN RFID srl, CCL Industries, GAO RFID Inc., GlobeRanger, Impinj, Invengo Technology, Mojix, Nedap, SMARTRAC N.V.

Global RFID Market Research Report 2017-2024 Growth, Trends, Forecast

Global RFID Market Research Report 2017-2024 Growth, Trends, Forecast

To win the competition in the global market place, going for this global RFID Market research report is necessary. Insights covered here enable the buyer of the report to achieve a telescopic view of the competitive landscape and plan the business strategies accordingly to thrive in the market. In this market report, complicated market insights are converted into simpler version with the help of established tools and techniques to provide it to the end users. This RFID Market report gives explanation about the detailed market analysis with inputs from industry experts. Being a third-party report, this report is more unbiased and hence provides a better picture of what is really happening in the market.

The Global RFID Market is expected to reach USD 44,351.6 million by 2024 from USD 13,378.7 million in 2016, at a CAGR of 16.3% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Get exclusive sample of this report@ http://databridgemarketresearch.com/request-a-sample/?dbmr=global-rfid-market

For market segmentation study, a market of potential customers is divided into groups or segments based on different characteristics such as end user and geographical region. The RFID Market research report offers an analytical assessment of the prime challenges faced by the market currently and in the coming years, which gives idea to other market participants about the problems they may face while operating in this market over a longer period of time. This RFID Market analysis offers an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame.

Key Drivers:

Some of the major factors driving the market for RFID market are increase demand of RFID technology in retail industry and enforced laws for labelling animals. These factors increase the demand for RFID market. Increasing installation of RFID in manufacturing units and for productivity improvement and increasing use of security and access control application are the other major factors driving the growth of the non-destructive testing equipment market

• High cost of RFID and device interoperability are the factor which may hinder the growth of this market

• Many companies are increasingly focusing on variability in the RFID tag with sensors and IOT based RFID labelling in order to strengthen their product portfolios in the RFID market.

Key Points:

GlobeRanger is going to dominate the RFID market following with Smartarc N.V. and CCL Industries Inc. along with others such as Alien Technology, LLC, AWID, CAEN RFID S.r.l, GAO RFID Inc., Impinj, Inc., Invengo Technology Pte. Ltd., Mojix, Inc., Nedap N.V., ThingMagic, Honeywell International Inc., and ZIH Corp. among others.

• Tags market is growing with the highest CAGR

• Plastic material are driving the market with highest market share

• Industrial are dominating the RFID market

Segmentation: Global RFID Market

Global RFID Market By Product Type (Tags, Readers, Software), By End User (Industrial, Transportation, Retail, Consumer Package Goods, Healthcare, Education, Others) By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Drivers: Global RFID Market

Some of the major factors driving the market for RFID market are increase demand of RFID technology in retail industry and enforced laws for labelling animals. These factors increase the demand for RFID market. Increasing installation of RFID in manufacturing units and for productivity improvement and increasing use of security and access control application are the other major factors driving the growth of the non-destructive testing equipment market

RISING DEMAND OF RFID TECHNOLOGY IN RETAIL INDUSTRY

RFID tags usage in animals has been considered as one of the oldest method use in the rough terrain and large ranges, especially in the outbreak of mad cow disease. RFID tags are important in animal industry to manage exotic and endangered animals for preserves. Tagging of animals in livestock industry helps the farmers to identify animals with respect to its pedigree and medical information.

FAVOURABLE LAWS FOR LABELLING LIVESTOCK

Non-destructive equipment is majorly found in the end user industries. Therefore, government are making stringent rules and regulation regarding quality control and personnel safety. Instances such as leakages in nuclear reactors, explosions of pipelines and refinery blasts had made the government to set up the safety guidelines, as a result, leads to drive the NDT equipment market.

GROWTH IN THE USAGE OF RFID IN SECURITY AND ACCESS CONTROL APPLICATION

RFID are beneficial with the respect to profitability, safety and security enhancement, reusability and reliability. RFID tags are used with respect of personal identification task as it can be engineered by tampered resistant, and has some cryptographic algorithm’s internal state. RFID tags helps in letting the specific person enter into the specific area.

Inquire about this report from our expert’s @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-rfid-market

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Major Players: Global RFID Market

Some of the Major Players Operating in this Market are:-

• Alien Technology,
• LLC,
• AWID,
• CAEN RFID S.r.l,
• CCL Industries Inc.,
• GAO RFID Inc.,
• Globe Ranger,
• Impinj Inc.,
• Invengo Technology Pvt. Ltd.,
• Mojix Inc.,
• Nedap N.V.,
• SMARTRAC N.V,
• ThingMagic,
• Honeywell International Inc., and
• ZIH Corp. among others.

Key questions answered in this report

• What will the market size be in 2024 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?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like Asia, United States, and Europe.

About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com


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