TechNavio today launched its report Global RFID Market 2011“2015 based on an in-depth study covering the Americas, and the EMEA and the APAC regions. The report aims to aid decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Hardware team said; The growing application of radio frequency identification (RFID) in the Healthcare segment is one of the major growth drivers of this market. It is expected that RFID technology in the Healthcare segment will grow in the future, which will further contribute to the growth of the Global RFID market. In the Healthcare segment, RFID technology along with Wi-Fi and voice over IP (VoIP) has been developed as a single information system to improve patient safety. Hence, RFID applications in the Healthcare segment are expected to drive the Global RFID market.
According to the report, RFID tags are highly accurate and labor time and cost can thus be greatly reduced. Therefore, the mandate made by big retail giants that RFID tags be used on pallets is leading to the increasing use of RFID, which will boost the growth of the Global RFID market.
Further, the report also discusses that the security and privacy concerns of individuals related to the use of RFID are major challenges affecting the growth of the Global RFID market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-rfid-market-2011-2015
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TechNavio Announces the Publication of its Report “ Global RFID Market 2011“2015
