DUBLIN--(BUSINESS WIRE)--The "Global RFID Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
Asia Pacific is Identified as the Fastest Growing Region in the RFID market, Growing at a CAGR of 18.5%.
The global RFID market is likely to witness significant growth during the forecast period. The market is driven by the increasing government initiatives on integrating RFID technology across various applications, rising interest in value chain management, and expanding Internet of Things (IoT) infrastructure.
However, security concerns related to legitimate readers obtaining data from illegitimate tags and privacy concerns related to illegitimate readers obtaining data from legitimate tags are identified as the changes deterring the adoption of RFID solutions during the forecast period.
Radio-frequency identification (RFID) is a type of contactless automatic identification and tracking technology that utilizes radio-frequency signal to identify an object/item and obtain the relevant information automatically. RFID system comprises various components such as RFID tags, RFID reader, RFID antenna, and host computing device with appropriate application software.
Market Dynamics
Drivers
- Increasing government initiatives on integrating RFID technology across various applications
- Rising interest on value chain management
- Expanding Internet of things (IoT) infrastructure
Restraints
- End-user concerns on implementation cost
- Security vulnerabilities and functional challenges
Opportunities
- Applications of RFID technology in intelligent transportation System
- RFID model for pharmaceutical supply chain
Key Topics Covered:
1 Report Summary
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Product Type: Market Size and Analysis
7 Application: Market Size and Analysis
8 Regions: Market Size and Analysis
9 Vendors Profiles
- Zebra Technologies Corporation
- ASSA ABLOY
- AVERY DENNISON CORPORATION.
- Honeywell International Inc.
- Siemens AG
10 Companies to Watch for
- Impinj, Inc.
- Identiv, Inc.
- Alien Technology, LLC.
- Omni-ID.
- Mojix, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/d2hgk5/global_rfid?w=4
