LeapZipBlog: Market-NewsFlash's blog: All The Latest Update Of Data Center Rfid market 2024, In One Place - ($5.53 Billion Market)

All The Latest Update Of Data Center Rfid market 2024, In One Place - ($5.53 Billion Market)

November 4, 2019 by Market-NewsFlash  

Global Data Center RFID Market Research Report: By Data Center Type (Enterprise Data Center, Mid-Sized Data Center, Large Data Center), by Solutions (Readers, Tags, Antennas, Software, Others), by Service (Professional Services and Integration Services), by Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Retail, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) — Forecast till 2024

Data Center Rfid Market Highlights

Data Center Rfid market

The global data center RFID market is expected to register a CAGR of 36.3% during the forecast period of 2019–2024. There are various factors contributing to the growth of the global data center RFID market, such as the increasing requirement for asset management systems to improve the operational efficiency and functionality of the data centers. Additionally, to overcome the losses caused due to downtime of the data center, the RFID usage is increasing as these devices and systems track and locate the malfunctioning systems or assets.

The global data center RFID market has been segmented based on data center type, solutions, services, and vertical.

By data center type, the market has been segmented into enterprise data center, mid-sized data center, and large data center. Among these, the enterprise data center holds the largest market share as big organization generates a large amount of data and requires more components such as servers, routers, and others. Moreover, the large organizations prefer investing in private data centers for storage to ensure privacy as they have high paying capacity.

Based on the solution, the global data center RFID market has been segmented as readers, tags, antennas, software, and others. The readers and tags segments hold a large market share compared to others. RFID tags are small tracking systems which use smart barcodes in order to detect items using radio frequency. An RFID reader is a device used to gather data from an RFID tag, which is used for tracking assets in a data center.

Based on verticals, the global data center RFID market has been further segmented as BFSI, government & defense, IT & telecom, healthcare, retail, and others. The BFSI segment holds the largest market share due to the generation of data on a regular basis in the industry; therefore, the demand for data centers is increasing owing to the need to store large volumes of data, which is directly driving the growth of the data center RFID market .

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Regional Analysis

The global data center RFID market is estimated to grow at a significant rate in the future. The geographical analysis of data center RFID market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America dominates the global data center RFID market, by region, due to the early adoption of the data center RFID across various industries. This is because North America has a large number of data centers due to the presence of various industries such as BFSI, IT & telecom, and healthcare, which generate large volumes of data regularly. Therefore, to store this data, there is a need for a significantly large number of data centers. Therefore, to track the asset and component during the downtime to reduce the losses; RFID is gaining popularity in the region. Additionally, the presence countries such as the US, Canada, and Mexico also contributes to the growth of the market. Asia-Pacific is considered to be the second largest market due to emerging economies such as India, Japan, China, and South Korea in the region. Moreover, high adoption of smartphones, laptops, smart devices, usage of the Internet in the region is growing rapidly, which also leads to the huge generation of data and increase the demand for data centers in the region, which directly increases the demand for data center RFID in the region.

Key players

MRFR recognizes the key players in the global data center RFID market as HP Inc.(US), IBM Corporation(US), Avery Dennison Corporation(US), GAO RFID Inc.(Canada), Impinj, Inc.(US), RF Code Inc.(US), Omni-ID, Ltd.(US), Zebra Technologies Corporation (US), Alien Technology Corporation(US), and Invengo Information Technology Co.(China).

The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.

Key Segments

By data center type, the market has been segmented into enterprise data center, mid-sized data center, and large data center.

By solution, the market has been segmented into readers, tags, antennas, software, and others.

By services, the market has been segmented into professional services, and integration services.

By vertical, the market has been segmented into BFSI, government & defense, it & telecom, healthcare, retail, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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