The RFID Data Center Market is Projected to Be Worth $1.8 Billion by 2020
According to a new market research report “Data Center RFID Market by Solution Types (Tags, Readers, Antennas, Softwares, and Other Hardware), by Service Type (Integration Services and Professional Services), by Data Center Type (Mid-Size, Enterprise, and Large) – Global Forecast to 2020”, published by MarketsandMarkets, forecasts the Data Center RFID Market to grow from $391.4 Million in 2015 to $1.89 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 37.0%.
The North American region, led by the United States is expected to be the largest Data Center RFID Market in terms of market size, but Asia-Pacific (APAC) is expected to emerge as a high-growth market.
The report provides a brief on the Data Center RFID Market. The report covers all the major sub-segments of the data center RFID such as by solution that includes tags, readers, antennas, software, and other hardware; by services which include integration services and professional services; by type of vertical that includes telecom and IT, BFSI, retail, transportation and logistics, government and public, media and entertainment, and others; by region namely, North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). It also provides the quantitative (market size and market growth) and qualitative (trends, analysis, and insights) for these segments.
There are various assumptions that have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.