Data Center RFID Market Overview:
The global Data Center RFID Market is expected to reach USD 9.2 billion by 2030, growing at a CAGR of 27.50% during the forecast period of 2022–2030. The increasing requirement for asset management systems to improve the operational efficiency and functionality of the data centers is one of the major factors driving the growth of the market. Additionally, to overcome the losses caused due to downtime of the data center, the RFID usage is increasing as these devices and systems track and locate the malfunctioning systems or assets.
Key Players:
The key players operating in the global data center RFID market are:
- HP Inc. (US)
- IBM Corporation (US)
- Avery Dennison Corporation (US)
- GAO RFID Inc. (Canada)
- Impinj, Inc. (US)
- RF Code Inc. (US)
- Omni-ID, Ltd. (US)
- Zebra Technologies Corporation (US)
- Alien Technology Corporation (US)
- Invengo Information Technology Co. (China)
These players are focusing on developing innovative RFID solutions to meet the growing demand from data center operators. They are also investing in research and development to expand their product portfolio.
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Market Segmentation:
The global data center RFID market is segmented by data center type, solution, services, vertical, and region.
- By data center type: The market is segmented into enterprise data center, mid-sized data center, and large data center. The enterprise data center segment is expected to dominate the market during the forecast period. This is due to the increasing number of enterprises adopting RFID technology to improve the operational efficiency of their data centers.
- By solution: The market is segmented into readers, tags, antennas, software, and others. The readers segment is expected to dominate the market during the forecast period. This is due to the increasing demand for high-performance RFID readers in data centers.
- By services: The market is segmented into professional services and integration services. The professional services segment is expected to dominate the market during the forecast period. This is due to the increasing demand for consulting and implementation services from data center operators.
- By vertical: The market is segmented into BFSI, government & defense, IT & telecom, healthcare, retail, and others. The BFSI segment is expected to dominate the market during the forecast period. This is due to the increasing adoption of RFID technology by banks and financial institutions to track and manage their assets.
- By region: The market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to dominate the market during the forecast period. This is due to the early adoption of RFID technology in the region.
Market Drivers and Challenges:
The growth of the global data center RFID market is driven by the following factors:
- Increasing requirement for asset management systems
- Rising demand for high-performance RFID readers
- Growing adoption of RFID technology by banks and financial institutions
- Increasing demand for RFID-based security solutions
However, the market growth is challenged by the following factors:
- High cost of RFID tags and readers
- Lack of awareness about RFID technology
- Security concerns related to RFID technology
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Regional Analysis:
North America is expected to be the largest market for data center RFID during the forecast period. The growth of the market in this region is being driven by the increasing adoption of RFID in the healthcare, retail, and manufacturing industries. Europe is also expected to be a major market for data center RFID during the forecast period. The growth of the market in this region is being driven by the increasing adoption of RFID in the government & defense and IT & telecom industries. Asia-Pacific is expected to be the fastest-growing market for data center RFID during the forecast period. The growth of the market in this region is being driven by the increasing adoption of RFID in the healthcare, retail, and manufacturing industries.
Outlook:
The global data center RFID market is expected to grow at a significant pace during the forecast period. The increasing demand for asset management systems and high-performance RFID readers is expected to drive the growth of the market. The rising adoption of RFID technology by banks and financial institutions is also expected to boost the market growth. However, the high cost of RFID tags and readers and lack of awareness about RFID technology are expected to restrain the market growth.
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