LONDON--(BUSINESS WIRE)--A well-known market intelligence company, Infiniti Research, has partnered with several global companies across industries to help meet their strategic objectives and implement seamless route-to-market strategies through turnkey solutions. Their latest success story outlines the key business challenges faced by an RFID sensor manufacturing firm and explains how the client leveraged industry mapping analysis to combat these roadblocks. Request a complimentary proposal to learn more about Infiniti’s industry mapping analysis.
“The RFID (radio frequency identification) market is expected to witness substantial growth through 2025 due to rising interest in value chain management, expanding IoT infrastructure, and increasing government initiatives to integrate RFID technologies across various applications,” says a market research expert from Infiniti Research.
Although the RFID market is expected to witness substantial growth through 2025, the market is not completely free of challenges. The higher cost of RFID implementation, dip in demand for RFID sensors, and ethical issues increase challenges for companies operating in the global RFID market. To succeed in the long-run, companies operating in the RFID market are in the need to focus on keeping costs low while delivering enhanced value.
Infiniti can help companies in the RFID sensor manufacturing market to survive the COVID-19 crisis and prepare for the post-COVID-19 era. Contact us to learn more about our business continuity services.
Business Challenges Faced: The client is an RFID sensor manufacturing firm based out of Australia. High initial costs for setting-up RFID systems, uncertainty on the future of the most promising technologies, the lack of well-established standards, and organizational costs of training labor made it difficult for small and mid-sized businesses to adopt RFID technologies. Also, due to insufficient privacy and security safeguards, the social acceptance of RFID technology was quite low in Australia. Besides, the use of RFID applications raised various security and privacy concerns for businesses. As a result, the client encountered a huge decline in the demand for RFID sensors, which subsequently impacted the company’s profit margins. The RFID market client, therefore, sought to collaborate with Infiniti Research to address business complexities and gain a leading edge in the market.
Infiniti’s industry mapping analysis helped the RFID market client to:
- Implement improved technological design, taking into account security and privacy throughout the value chain
- Enhance security and increase social acceptance of leveraging RFID technologies
- Identify cost-effective technologies, understand their implementation costs, and identify competitors leveraging similar technologies
- Efficiently invest into the right technologies and save huge in operational costs
- Identify cost-saving opportunities
- Enhance operational efficiency and reduce RFID manufacturing costs
- Achieve savings of over $7.7 million in operating costs and enhance profits by 35%
The coronavirus outbreak has affected businesses worldwide, and the RFID market is no exception. Request more info to know how industry experts at Infiniti Research can help RFID manufacturers to devise comprehensive action plans to navigate the crisis.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us