Press release

Global RFID Middleware Market 2019-2023 | 11% CAGR Projection Over the Next Five Years | Technavio

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The global RFID middleware market 2019-2023 is expected to post a CAGR of more than 11% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report.

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Technavio has announced its latest market research report titled global RFID middleware market 2019-2023. (Graphic: Business Wire)

Technavio has announced its latest market research report titled global RFID middleware market 2019-2023. (Graphic: Business Wire)

The growth of the global RFID middleware market size can be attributed to the growing number of RFID applications. The adoption of RFID technology is increasing as it provides several advantages, such as reduced production downtime, location tracking, and reduced labor costs for various applications, including inventory management and data management. This increases the demand for RFID middleware, which is used to collect the flow of data between RFID readers and RFID tags and provide data filtering, data aggregation, and device management to the RFID middleware administrator.

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As per Technavio, growing investments in smart factories will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global RFID Middleware Market: Growing Investments in Smart Factories

The global manufacturing landscape is witnessing increased interest in smart factories that are equipped with advanced technologies. The deployment of smart technologies in industries facilitates efficient monitoring of the manufacturing process from remote locations. RFID middleware is used in smart factories for various applications, such as fleet tracking, inventory and asset management, and personal tracking. Thus, the growing investments in smart factories will fuel the growth of the RFID middleware market during the forecast period.

“Apart from the growing investments in smart factories, other factors such as the increase in adoption of data center asset management, and growing interest toward smart retail stores will boost the RFID middleware market growth during the forecast period,” says a senior analyst at Technavio.

Global RFID Middleware Market: Segmentation Analysis

This market research report segments the global RFID middleware market by end-user (industrial, transportation and logistics, retail, healthcare, and others) and geographical regions (North America, APAC, Europe, MEA, and South America).

The North American region led the market in 2018, followed by the APAC, Europe, MEA, and South America respectively. The dominance of North America can be attributed to several factors such as increasing investments in the retail industry, rise in the adoption of smart factories, and increasing healthcare spending in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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