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  • Data Center RFID Market : Current Trends, Opportunities & Challenges by 2018

    (I-SoftwareNews.Com, July 12, 2018 ) The global data center RFID market has been broadly classified based on types of solutions that include tags, readers, antennas, software, and other hardware; and services such as integration services and professional services. The solutions market is estimated to have the larger share of the global market in 2015. However, the services market is expected to grow at the highest Compound Annual Growth Rate (CAGR) in the forecast year of 2015 to 2020, owing to factors such as high technological advancements and requirements of various kinds of post and pre sales services.

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    The data center RFID market to grow from $391.4 Million in 2015 to $1,890.5 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 37.0% during the forecast period 2015–2020. The North American market currently holds the largest market share of 34.88%, while Asia-Pacific is estimated to hold the largest market share of 28.62% by 2020, growing at the highest CAGR of 41.0% during the forecast period, among all other regions.

    The data center RFID market is further segmented on the basis of data center types into mid-size data centers, enterprises, and large-sized data centers; various industry verticals that include telecom and IT, BFSI, government and public, transportation and logistics, retail, media and entertainment and others. Currently, the market is experiencing the emergence of various new solutions and services providers that compete with other established solutions and services providers.

    A number of factors, including the increasing number of data centers and requirements for improved inventory and assets management, are driving the growth of the global data center RFID market. The growth drivers of the market includes reduction of costs and long widen tasks by eliminating manual checks of servers and other data center assets, increased efficiency and productivity, and decreased human efforts. The major players in this market include IBM (US), RF Code (US), Zebra Technologies (US), HP (US), GAO RFID (Canada), Omni-ID (US), Alien Technology (US), Avery Dennison (US), Invengo Information Technology (China), and Impinj (US).
    New product launches, partnerships, collaborations, agreements, and acquisitions are the key strategies adopted by the major players to enhance their position in the global data center RFID market. Moreover, new entrants are adopting these strategies by forming partner network channels with the leading organizations to enhance their offerings. This approach of collaborating with big vendors and having strategic partnerships allows them to become more competitive.

    To Know More About Data Center RFID Market - https://www.marketsandmarkets.com/Market-Reports/data-center-rfid-market-14220884.html

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