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Worst May be Over for RFID Readers Market; How Industry Players Will Regain 4.0% Growth Cycle Again
RFID Readers Market Latest Edition Published with Forecast to 2030- Jan 25, 2024
- Electrical Components & Equipment
AMA Research, a global market research and consulting organization, have released a new study titled "RFID Readers market - Global outlook to 2030".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global RFID Readers market to grow at a CAGR of 4.0%.
According to Analyst at AMA Research, the Global RFID Readers market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Growing RFID installation in various sectors to increase productivity and Increasing adoption of Security & Access Control Application”.
Radio Frequency Identification (RFID) technology emits radio frequency rays in portion of the electromagnetic spectrum that will identify an object, animal, device or person. RFID has applications in various sectors such as manufacturing, logistics, healthcare, and retail, among others. Deployment and management of data records in RFID tags becomes difficult than its integration in cloud based RFID as it aids in providing centralised management without increasing deployment cost. Hence RFID readers for cloud based networks will have a huge demand in forthcoming years. RFID reader is a device that is used to interrogate i.e. to identify an RFID tag. RFID reader antenna emits radio waves that communicate with radio tags which has stored specific information previously about an object or an item. This information helps in identification for an item, original storage location & history and proof of ownership.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global RFID Readers market by Type (Low Frequency, High Frequency, Ultra-high Frequency and Active Ultra-High Frequency), by Application (Commercial sector, Transportation sector, Healthcare sector, Retail sector, Sports sector and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global RFID Readers market to grow at a CAGR of 4.0%.
According to Analyst at AMA Research, the Global RFID Readers market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
Radio Frequency Identification (RFID) technology emits radio frequency rays in portion of the electromagnetic spectrum that will identify an object, animal, device or person. RFID has applications in various sectors such as manufacturing, logistics, healthcare, and retail, among others. Deployment and management of data records in RFID tags becomes difficult than its integration in cloud based RFID as it aids in providing centralised management without increasing deployment cost. Hence RFID readers for cloud based networks will have a huge demand in forthcoming years. RFID reader is a device that is used to interrogate i.e. to identify an RFID tag. RFID reader antenna emits radio waves that communicate with radio tags which has stored specific information previously about an object or an item. This information helps in identification for an item, original storage location & history and proof of ownership.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global RFID Readers market by Type (Low Frequency, High Frequency, Ultra-high Frequency and Active Ultra-High Frequency), by Application (Commercial sector, Transportation sector, Healthcare sector, Retail sector, Sports sector and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Craig Francis
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