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Cloud-based RFID Solutions to Bolster Demand for Global Intelligent RFID Platform Market 2021

Press Release   •   Feb 17, 2017 06:37 EST

MarketResearchReports.biz has announced the addition of a report, titled “Global Intelligent RFID Platform Market 2017-2021”, to its offering. The in-depth research study on the global intelligent RFID platform market provides a detailed analysis of key market dynamics, current market scenario, technological advancements, profile of vendors, share of major segments, and competitive dynamics in various regions. This research report provides a comprehensive insight into the key offerings of the market players and the strategies adopted by them to expand their presence across the globe. Recent industry developments expected to influence adoption among various end users are covered in the analysis. According to the report, the global intelligent RFID platform market is projected to expand at a CAGR of 26.25% during the period 2017-2021.

The study provides an in-depth analysis of the impact of the key drivers and restraints on the competitive landscape. Emerging RFID technologies and the recent developments in different industries, such as manufacturing, logistics, and warehousing, anticipated to stimulate the demand for various intelligent RFID platform solutions are evaluated in the report. Prominent technological advances by vendors, such as the offering of cloud-based RFID solutions, and their impact on the strategic moves by major market players are analyzed in the study. The report covers the key market dynamics and prominent trends in major regions such as the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).

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The intelligent RFID platform market is primarily driven by increased need for error elimination in data entry and the implementation of smart inventory system among various end users, such as supermarkets, apparel stores, and big retailers. The increased need for boosting supply chain efficiencies among manufacturers and retailers through the adoption of intuitive RFID systems has spurred the demand for intelligent RFID platform solutions across the globe. The need for getting real-time and accurate visibility of inventory for omnichannel retailing has bolstered the demand for intelligent RFID platform solutions. In addition, various technological advancements adopted by retailers to enhance their supply chain efficiencies are expected to fuel the growth of the intelligent RFID platform market.

The growth of the intelligent RFID platform market is constrained by high investments needed to set up IT infrastructure—database, servers, and network. However, the emergence of cost-effective and scalable cloud-based solutions is anticipated to created abundant growth opportunities for players in the intelligent RFID platform market.

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The report covers the strategies adopted by key vendors to strengthen their market positions. Companies vying for a major market share include Advantech, Terso Solutions, Impinj, Tyro Retail Solutions, Checkpoint Systems, Alien Technology, InSync Software, and Globe Ranger.

 

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