Global RFID Market
RFID Market Size And Forecast
According to Verified Market Research, Global RFID Market was valued at USD 20.27 billion in 2019 and is projected to reach USD 34.38 billion by 2027, growing at a CAGR of 7.36% from 2020 to 2027.
Global RFID Market Outlook
The RFID manages information about stocks and carry out operation suitable for supply chain management. The growing demand to keep track of inventory and equipment in various businesses is driving the growth of the market over the forecast period. Furthermore, the security and the capacity to store important information about the equipment is also fueling the growth of the market. However, the high installation cost coupled with the lack of awareness among the consumers is some of the factors that may affect the growth of the market. Moreover, technological advancement such as introduction to the RFID tags equipped with the sensors and IoT based RFID Labeling is likely to provide lucrative opportunities for the market to grow.
Global RFID Market Competitive Landscape
The “Global RFID Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Checkpoint Systems, Invengo, Smatrac, Avery Dennison, Alien Technology, NXP Semiconductors, Impinj, Mojix, Nedap, and Zebra Technologies.
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