Technavio, a tech-focused market research firm, has published a new report on the global intelligent RFID platform market, which is expected to grow at a CAGR of over 26% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global intelligent RFID platform market into the following key regions: the Americas, APAC, and EMEA.
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Intelligent RFID platform market in Americas: The growing popularity of smart factories across the Americas will fuel market growth in this region during the forecast period. The extensive adoption of automatic data capture (ADC) devices with RFID technology will help the Americas maintain its position in the global market. Moreover, the adoption of RFID platform in the transportation and logistics industry will have a positive impact on the growth of the market in this region.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on embedded systems, “The expansion of domestic industries and the rise of many third-party logistics providers in South American countries like Brazil will increase the requirement for intelligent RFID platform in the region. The increasing use of RFID technology will improve productivity and efficiency in industries such as retail and CPG.”
Intelligent RFID platform market in EMEA: The rising adoption of enterprise-wide RFID solutions which deploy middleware will increase the demand for intelligent RFID platforms in the EMEA market. The UK, France, and Germany will emerge as the key revenue generators in the region over the next four years. The improvement in Europe’s economic conditions will motivate retailers to expand their business across the region and boost the demand for RFID technology in the market.
Intelligent RFID platform market in APAC: The rising demand for apparel tagging will fuel the growth of the market in this region. The APAC market is driven by the growth in GDP, rapid urbanization, rising disposable income, and high adoption of smartphones and tablet PC applications. Countries like China and India will emerge as the key revenue generators in the region.
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The top vendors operating in the global XX market are:
- Advantech
- Impinj
- Terso Solutions
- Tyro Retail Solutions
Other prominent vendors in the market include Alien Technology, Checkpoint Systems, Globe Ranger, InSync Software, RFID4U, Software AG, Tellago, and TIBCO Software.
A more detailed analysis is available in the Technavio report titled, ‘Global Intelligent RFID Platform Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global RFID Lock Market 2016-2020
- Global Radio Frequency Identification Market 2016-2020
- Global RFID Market for Industrial Applications 2016-2020
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