Market Research Report
RFID Middleware Market by End-Users and Geography - Global Forecast and Analysis 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||907833|
|Published||Content info||136 Pages
Delivery time: 1-2 business days
|RFID Middleware Market by End-Users and Geography - Global Forecast and Analysis 2019-2023|
|Published: August 19, 2019||Content info: 136 Pages||
Technavio's RFID middleware market analysis considers sales from industrial, transportation, retail, healthcare, and others. Our analysis also considers the sales of RFID middleware in APAC, Europe, North America, South America, and MEA. In 2018, the industrial segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as efficient monitoring of the assembly process, time, and location will play a significant role in the industrial segment to maintain its market position. Also, our global RFID middleware market report looks at factors such as the growing popularity of cloud-based RFID middleware among SMEs, growing adoption of the e-commerce sector, and a growing number of RFID applications. However, uncertainties in the data security and privacy issues, availability of low-cost identification methods, and RFIS reader collision may hamper the growth of the RFID middleware industry over the forecast period.
The adoption of RFID technology for different applications will increase the adoption of RFID systems. It reduces production downtime and labor-cost, helps in location tracking, for applications such as inventory management and data management. Therefore, the need for accuracy in database management will lead to the expansion of the global RFID middleware market at a CAGR of over 11% during the forecast period.
A major factor driving the growth of the global RFID middleware market is increasing interest in smart factories. The deployment of smart technologies in industries facilitates efficient monitoring of the manufacturing process from remote locations. It helps in fleet tracking, inventory and asset management, and personal tracking. It also enables data communication with other departments in real-time. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global RFID middleware market during the forecast period 2019-2023, view our report.
With the presence of a few major players, the global RFID middleware market is concentrated. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading RFID middleware manufacturers, that include Checkpoint Systems Inc., Fujitsu Ltd., RF Code Inc., TIBCO Software Inc., Tyco Retail Solutions.
Also, the RFID middleware market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.