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The global data center RFID market is estimated to reach USD 5.53 billion by 2024, registering a CAGR of 36.3% during the forecast period of 2019–2024.
The growing amount of information and data from mobile devices, the Internet, and IoT devices increases the requirement of storage systems and data centers. Presently there are various data centers which are being operated and more to be developed in near future; this is due to increasing volume of information and data such as images, text, company assets files, and confidential documents, among others. RFID systems are used to manage various assets of data centers such as routers, servers, tape media, and related IT assets. Data center RFID is used to reduce the human efforts as it takes a lot of time for tracking the assets manually. Additionally, RFID also reduces the errors during the operations process such as identification of assets, locating and tracking. The increasing demand for data centers is a major factor driving the growth of the global data center RFID market. Moreover, data centers face several issues during failure that leads to the high losses that may cost approximately USD 93/second during the downtime of the data center. Therefore, to reduce these types of losses, data center RFID is used that reduces the downtime by locating the damaged part or system in the data center.
By data center type, the market has been segmented into enterprise data center, mid-sized data center, and large data center.
By solutions, 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.
Global Data Center RFID Market, 2017–2024 (USD Billion)
Source: MRFR Website
The global data center RFID market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of data center RFID has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America).
North America held the largest market share in 2018 due to the presence of various key vendors such as Cisco System, Inc., Hewlett-Packard Inc., EMC Corporation, CyrusOne that deal in data centers. Moreover, the early adoption of data centers and data center RFID is a major factor driving the growth of the market in the region. Moreover, the increasing volumes of data generated from various industries, social networking platforms, and enterprises, among others in the region is a major factor for driving the data center market, which eventually drives the global data center RFID market.
Asia-Pacific is expected to be the fastest growing regional market during the forecast period; the rapid adoption of new technology and digitalization in the region are boosting the demand for data centers, leading to the growth of the regional market. Additionally, the increasing number of users of social media platforms and large volumes of data generated by enterprises, especially in the BFSI industry vertical—which requires a secure storage system—are some of the factors driving market growth. In the coming years, the number of data centers is expected to increase significantly; therefore, to manage the assets of the data center, RFID is also required, which will drive the market in the region.
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), Ltd, among others.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
- Application Developers
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Cloud Service Providers
- Instant Messaging Vendors
- Security Solution Providers
- RFID data center
- RFID tag cost
- active RFID tag
- RFID asset tracking
- RFID equipment
- passive RFID tags
- asset management tags
- RFID tool management
- RFID inventory system
- cheap RFID reader
- RFID power
- active RFID tag and reader
More Information : https://www.marketresearchfuture.com/reports/data-center-rfid-market-8125
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