The need to reduce and eliminate clerical errors is a major reason motivating the development of the data center RFID market. Reports that judge the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. The market is expected to attain a revenue level worth USD 5.53 billion whilst registering a CAGR of 36.3 % by 2024.
The increasing volume of information and data from the Internet, mobile devices, and IoT devices augments the prerequisite of data centers and storage systems. The upsurge in demand for data centers around the world is anticipated to heighten the expansion of the data center RFID market in the upcoming years.
The segment-based evaluation of the data center RFID market is carried out on the basis of data center type, solutions, services, vertical, and region. On the basis of data center types, the data center RFID market has been segmented into mid-sized data centers, enterprise data centers, and large data centers. Based on the solutions, the data center RFID market has been segmented into antennas, tags, readers, software, and others. On the basis of services, the data center RFID market has been segmented into integration services and professional services. Based on the verticals, the data center RFID market has been segmented into government & defense, BFSI, IT & telecom, retail, healthcare, and others. Based on the region, the data center RFID market has been segmented into North America, Europe, APAC, and the other countries in the world.
According to Market Research Future, the global data center RFID market has been segmented on the basis of data center type, solutions, services, vertical, and region.
Data center RFID is an essential part of data centers as these are used for tracking errors during the operations of a system. The data center RFID solutions provide environmental monitoring, asset management, and integration services that enable operators to keep a track on the assets. Additionally, RFID in data centers saves a significant amount of time and cost during the downtime as RFID tracks and locate the affected system and assets which performance and functionality are degrading. Moreover, according to Omni-ID Ltd, the number of hours spent on tracking 1,000 IT assets manually takes around five hours, whereas with the help of RFID it takes 0.4 hours. For tracking 5,000 assets manually, the time taken is 25 hours, whereas with RFID, it takes 2.2 hours, which is a useful and profitable system.
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 .
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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