The growing demand for data centers has led to the rapid adoption of data center RFID. These RFIDs facilitate the management of the assets of the data centers such as routers, tape media, servers, etc. Increasing data generated in Internet, mobile devices, and IoT devices, among others are expected to drive the demand for the product in the years to come. The report published by Market Research Future (MRFR) has highlighted that the global data center RFID market is poised to strike an exponential CAGR of 36.3% during the assessment period of 2019 to 2024.
Data center RFID offers advantages such as reduction of human labor, which is likely to encourage investments in the market in the upcoming years. Also, the product helps in reducing losses and downtime. This, in turn, is expected to accelerate the demand generation across data center RFID market over the next few years. RFID enables the identification of errors and its rectification, which is one of the primary factors expected to drive market growth in the nearby future.
The different types of data center profiled in this report on data center RFID market are mid-sized data center, enterprise data center, and large data center.
The segments of the data center RFID market, on the basis of solutions, are readers, antennas, tags, software, and others.
The global data center RFID market, on the basis of services, has been bifurcated into integration services and professional services.
The different types of verticals identified in the segmental assessment of the data center RFID market are BFSI, IT & telecom, government & defense, retail, healthcare, and others.
The market players are making choices that are expanding business performance and manage risk. The fastest increasing companies are introducing an impressive growth stage in the market of late. The widespread set of competences advanced by market companies is aiding in hurrying and distributing sustainable development. The high progress goals currently in place are stimulating an intense level of progress in the market. Furthermore, the businesses are also well fortified to apply their growth strategy throughout the long term efficiently. The tactical resolve of the market of companies is augmenting the processes in the market on the whole. Moreover, the market frontrunners are making an allowance for reorganization in all features of operations at a small and large level in the international market. The revolution in the way customers relate to market firms is also launching new business models. As the companies are making their clients a significant principal point for strategy design, they are making a strong, viable benefit in today’s unstable market.
The eminent players in the data center RFID market as Alien Technology Corporation (US), HP Inc. (US), IBM Corporation (US), GAO RFID Inc. (Canada), Impinj, Inc.(US), RF Code Inc. (US), Omni-ID, Ltd.(US), Avery Dennison Corporation (US), Zebra Technologies Corporation (US), and Invengo Information Technology Co. (China), Ltd, among others.
Data Center RFID Market is projected to reach USD 5.53 billion by 2024, registering a CAGR of 36.3% …
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