The global Data Center RFID market is anticipated to witness substantial growth, with a projected size of US$ 3694 million by 2029, showcasing a notable CAGR of 21.0% from 2023 to 2029. RFID technology, facilitating automatic asset tracking through radio waves, offers active and passive tags, powered either by batteries or readers, respectively.
Driven by diverse applications across industries such as Telecom and IT, Government and Public, Transportation and Logistics, and Retail, the market is propelled further. Within this realm, segments like Tags and Readers are expected to exhibit significant growth rates. Asia Pacific emerges as a high-growth region, notably fuelled by China’s demand, projecting a massive market size growth by 2029. Similarly, the U.S. market is forecasted to experience an upward trend by 2029.
Key companies shaping the Data Center RFID market landscape include IBM Corporation, ZEBRA Technologies, Hewlett Packard Enterprise, RF Code, Alien Technology Corporation, Avery Dennison, Casia Apps, and GAO RFID Inc. The report aims to provide comprehensive insights into market dynamics, industry structure, developments, trends, and emerging opportunities. It delves into detailed segmentation, market size, and forecasts from 2018 to 2029, accompanied by qualitative and quantitative analyses.
Moreover, the report profiles key players based on parameters like company details, product portfolio, sales data, market share, and ranking. It elucidates potential market opportunities across different segments and offers insights into market drivers, restraints, trends, and regional outlooks.
With its extensive coverage, the report caters to various stakeholders including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts. It provides a detailed scope of the market, segmented by region, type, and application, facilitating a comprehensive understanding of the Data Center RFID market landscape and its future trajectory.