Published on : Feb 14, 2017
ALBANY, NY, FEb 14, 2017: The report provides a comprehensive insight into major drivers and challenges, current and emerging market trends, technological advancements, and profiles of key market players. The research study analyzes the key factors boosting the adoption of intelligent RFID platform solutions across various end-use industries. The strategies adopted by key vendors to consolidate their market shares across major regions are covered in the report. The global intelligent RFID platform market is forecast to rise at a CAGR of 26.25% from 2017 to 2021.
The market share and size of various application segments in major regions such as the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA) is covered in the report. The study elaborately evaluates the impact of different regulatory bodies setting global RFID standards and regulations on the competitive dynamics of the global market.
The need for error reduction in data entry and process improvements are the crucial factors driving the growth of the intelligent RFID platform market across the globe. In addition, the increased demand for data security across various industries such as aerospace, transportation, IT, and logistics has facilitated its evolution. Intelligent RFID platform, a fundamental part of RFID middleware, enables the development and deployment of smart RFID systems.
The research analyzes the current market status and highlights the impact of key drivers and challenges on the growth prospects of the global intelligent RFID platform market from 2017 to 2021. To estimate the market share and size, the report considers the key offerings of a large number of vendors that are designing and/or selling these solutions.
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The increased demand for smart inventory management through RFID systems across various end-use industries, particularly manufacturing, logistics, and warehousing, and the need for error elimination in data entry are the primary factors boosting the global market. The emerging need for reducing supply chain inefficiencies among retailers and manufacturers has also bolstered the demand for intelligent RFID platforms. In addition, the rise of omnichannel retailing across different channels, such as e-commerce and m-commerce, is expected to fuel the growth of the market.
The high cost involved in setting up IT infrastructure, which includes database, servers, and network, required for the implementation of intelligent RFID platform, has the hindered the adoption of these solutions among small and medium-sized enterprises (SMEs); this has impeded the growth of the market to an extent. However, the development of cloud-based RFID solutions by various vendors has led to significant reduction in the deployment cost of intelligent RFID platform solutions, which is expected to create exciting growth opportunities for market players. In addition, growing popularity of process automations in setting up smart factories has spurred the demand for intelligent RFID solutions.
The report covers the changes in the technological landscape by analyzing the impact of emerging technologies and recent disruptive technologies on the dynamics of the intelligent RFID platform market. Key market players extensively profiled in the report include Advantech, Software AG, Terso Solutions, Impinj, Tyro Retail Solutions, Globe Ranger, InSync Software, and TIBCO Software.
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