Global Data Center RFID Market size was valued at USD 1017.87 Million in 2022 and is poised to grow from USD 1,270.3 Million in 2023 to USD 9329.05 Million by 2031, growing at a CAGR of 24.8% in the forecast period (2024-2031).
The Research report on Data Center RFID Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
Components
Hardware, Software, and Services
Hardware
Tags, Reader, Printer, Antenna, and Others
Tags
Active, and Passive
Reader
Fixed, and Handheld
Market Dynamics
Increasing Adoption of RFIDs Technology
Several phenomena are driving the adoption of RFID technology in industry. Automation, supply chain management, real-time intelligence, asset tracking, contactless payments stand out as important drivers of Near Field Communication (NFC) integration. Moreover, the government mandated the use of RFID tags in defense, aid, data centers and among others.
Growing Demand for Data Center Automation
Data center operators are increasingly embracing automation to streamline operations, improve resource utilization, and increase overall productivity RFID technology plays an important role in data center automation by automated providing asset identification and tracking capabilities. As data centers evolve into autonomous self-healing architectures, the demand for RFID solutions for asset management and inventory management is expected to increase dramatically.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• Alien Technology• AVERY DENNISON CORPORATION• Confidex• Detego• GAO Group• HID Global• Honeywell International Inc.• Impinj, Inc.• MOJIX• Nedap• NXP Semiconductors• SATO Holdings Corporation• Semiconductor Components Industries, LLC• ThingMagic• Zebra Technologies Corp.• • • • •
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The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Data Center RFID Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Data Center RFID Market?
• What are the prominent market trends influencing the development of the Data Center RFID Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Data Center RFID Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
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