Data Center Rfid Market Report
What is Data Center?
The understanding of data center and its importance is quite important in order to assess the use of Radio-frequency identification (RFID) electromagnetic fields integrated into it. Data centers are dedicated spaces where computing and networking equipment are kept. The sole purpose of the set-up is to collect, store, process, distribute or allow access to huge data generated on a day-to-day basis. Other key services offered by data centers are storage and backup.
Data recovery and backup features have enabled data centers to gain quick mileage. Enterprises generate a vast amount of data daily which is further used to devise strategies and marketing campaigns. In addition, in an era of digital marketing, these data serve as the medium between customers and sales channels. It is also of utmost importance for customer relationship management. All these factors have come together as the driver of the demand for data centers. It is not only the large enterprises that are inclined towards the technology, with the adoption of subscription models, even the small & medium industries are being observed to increase adoption of data centers.
Technological innovations & Data Centers
Well, data centers offer numerous advantages which have paved the way for the growth of the market for the same. But, to keep the market going on, vendors are innovating product lines. Technological advancements are being adopted to sustain the competition. These factors have led the way for the integration of RFID technology in data centers. RFID helps in improving the performance of data centers by increasing capacity and enhancing efficiency.
What is RFID?
Radio-frequency identification (RFID) is the latest technology that leverages electromagnetic fields to track and identify objects. It has a wide range of applications, ranging from clothes to animals. With time RFID technology has also evolved much. The first RFID patent can be traced down to the year 1983. Going by the track record of technological developments, it can be rightly said that the future beholds much more potential than has been capitalized on. And, considering that both data center and RFID has gained so much popularity in a short span of time, the future can only be imagined. However, one thing is for sure, i.e., the data center RFID market players will get a plethora of untapped opportunities.
Data Center RFID Market Scenario
Data center RFID market is likely to observe a rise in competition with time. Global and domestic players are investing in research & development to elevate their financial positions. In addition, new players are supposed to hop on the bandwagon due to the presence of attractive growth potential. This intense competition is supposed to work in favor of market over the next few years. The fact is backed by the study conducted by Market Research Future (MRFR). It has provided an estimation that the market for data center RFID, on the global front, is prognosticated to strike 36% CAGR between 2019 to 2024. The statistical observations offered further highlights that the valuation of the market is anticipated to exceed USD 5 Bn mark by 2024.
Functions of RFID in Data Centers
RFID in data centers are integrated to provide for an improved asset tracking solution. It has been witnessed that the time taken to track an asset sometimes can be too much. In such a situation, RFID technology ensures the prevention of human error and misplacement of devices. However, the use of the technology is not limited to tracking only. It can perform several other functions such as –
- Performance management of assets by RFID ensures that the data is secured. It also makes ensures a productive lifecycle management of IT assets.
- RFID can notify when there is any error in the data centers. To illustrate, temperature monitoring is one of the key advantages of the technology. When the temperature inside a data center exceeds the limit, it sends alerts to the concerned person for taking corrective measures.
Geographically, developed regions such as Europe and North America has a larger share of the market owing to the presence of developed IT infrastructure. Also, the dynamic trends in data center industry are anticipated to have a positive influence on the demand for the product in the upcoming years.
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The growth sectors of the Data Center Rfid Market Report are identified with precision for a better growth perspective.The need to reduce and eliminate clerical errors is a major reason motivating the development of the data center RFID market.
The market is expected to attain a revenue level worth USD 5.53 billion whilst registering a CAGR of 36.3 % by 2024.The increasing volume of information and data from the Internet, mobile devices, and IoT devices augments the prerequisite of data centers and storage systems.
The upsurge in demand for data centers around the world is anticipated to heighten the expansion of the data center RFID market in the upcoming years.Segmental AnalysisThe segment-based evaluation of the data center RFID market is carried out on the basis of data center type, solutions, services, vertical, and region.
Based on the solutions, the data center RFID market has been segmented into antennas, tags, readers, software, and others.
Based on the verticals, the data center RFID market has been segmented into government & defense, BFSI, IT & telecom, retail, healthcare, and others.
Furthermore, the growing volumes of data produced from numerous industries, social networking platforms, and enterprises, among others in the region, is a key factor for compelling the data center market, which ultimately pushes the global data center RFID market.
The market is expected to attain a revenue level worth USD 5.53 billion whilst registering a CAGR of 36.3 % by 2024.The increasing volume of information and data from the Internet, mobile devices, and IoT devices augments the prerequisite of data centers and storage systems.
The upsurge in demand for data centers around the world is anticipated to heighten the expansion of the data center RFID market in the upcoming years.Segmental AnalysisThe segment-based evaluation of the data center RFID market is carried out on the basis of data center type, solutions, services, vertical, and region.
On the basis of data center types, the data center RFID market has been segmented into mid-sized data centers, enterprise data centers, and large data centers.
Based on the solutions, the data center RFID market has been segmented into antennas, tags, readers, software, and others.
Based on the verticals, the data center RFID market has been segmented into government & defense, BFSI, IT & telecom, retail, healthcare, and others.
Furthermore, the growing volumes of data produced from numerous industries, social networking platforms, and enterprises, among others in the region, is a key factor for compelling the data center market, which ultimately pushes the global data center RFID market.
Data Center RFID market is segmented by company, region (country), by Type, and by Application.
Players, stakeholders, and other participants in the global Data Center RFID market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-data-center-rfid-2020-2026-200Market segment by Type, the product can be split into:TagsReadersAntennasOther HardwareSoftwareMarket segment by Application, split into:Telecom and ITGovernment and PublicTransportation and LogisticsRetailMedia and EntertainmentBased on regional and country-level analysis, the Data Center RFID market has been segmented as follows:North AmericaUnited StatesCanadaEuropeGermanyFranceU.K.ItalyRussiaNordicAsia-PacificChinaJapanSouth KoreaSoutheast AsiaIndiaAustraliaLatin AmericaMexicoBrazilMiddle East & AfricaTurkeySaudi ArabiaUAEIn the competitive analysis section of the report, leading as well as prominent players of the global Data Center RFID market are broadly studied on the basis of key factors.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.The key players covered in this study:RF CodeZebra Technologies CorporationHewlett-PackardGAO RFIDOmni-IDGet the Complete Report & TOC @ https://www.grandresearchstore.com/ict-and-media/global-data-center-rfid-2020-2026-200Table of content1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Market Analysis by Type1.3.1 Global Data Center RFID Market Size Growth Rate by Type: 2020 VS 20261.3.2 Tags1.3.3 Readers1.3.4 Antennas1.3.5 Other Hardware1.3.6 Software1.4 Market by Application1.4.1 Global Data Center RFID Market Share by Application: 2020 VS 20261.4.2 Telecom and IT1.4.3 Government and Public1.4.4 Transportation and Logistics1.4.5 Retail1.4.6 Media and Entertainment1.5 Study Objectives1.6 Years Considered2 Global Growth Trends2.1 Global Data Center RFID Market Perspective (2015-2026)2.2 Data Center RFID Growth Trends by Regions2.2.1 Data Center RFID Market Size by Regions: 2015 VS 2020 VS 20262.2.2 Data Center RFID Historic Market Share by Regions (2015-2020)2.2.3 Data Center RFID Forecasted Market Size by Regions (2021-2026)2.3 Data Center RFID Industry Dynamic2.3.1 Data Center RFID Market Trends2.3.2 Data Center RFID Market Drivers2.3.3 Data Center RFID Market Challenges2.3.4 Data Center RFID Market Restraints3 Competition Landscape by Key Players3.1 Global Top Data Center RFID Players by Market Size3.1.1 Global Top Data Center RFID Players by Revenue (2015-2020)3.1.2 Global Data Center RFID Revenue Market Share by Players (2015-202If You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-data-center-rfid-2020-2026-200CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
The Data Center RFID research report is a detailed and dedicated analysis of the current scenario of the global Data Center RFID market covering the various aspects applicable to business growth and statistics.
Encompassing the pivotal information on the global Data Center RFID market’s status, the report will function as a valuable asset as a means of guidance and decision-making factor for the companies and businesses already a part of the industry or attempting to enter into it during the forecast period.
The report will offer wide-ranging information segregated into the diverse section that can further simplify the understanding of the market dynamics.>>> Ask For Free Sample PDF of Data Center RFID Market Report (including COVID19 Impact Analysis & Full TOC)Market Players: The research report entails all the players and competitors [GAO RFID, Zebra Technologies Corporation, Alien Technology Corporation, RF Code, Omni-ID, Hewlett-Packard] actively participating within the global Data Center RFID market.
It entails are the aspects of market players such as company profiles, product specifications, supply chain value, market shares, and so on.
Further, the report includes a thorough analysis of business tactics for the growth of the leading Data Center RFID market players.Some of the Following Leading Market Players Included in Data Center RFID Report:GAO RFID, Zebra Technologies Corporation, Alien Technology Corporation, RF Code, Omni-ID, Hewlett-PackardThe players are analyzed through:Company ProfileBusiness Segments AnalysisFinancial AnalysisSWOT analysis & Porter's Five Forces AnalysisPossible Impact of COVID- 19 on Latest Market Conditions>>> To Get Free Consultation about Report, Do Inquiry Here @ https://www.syndicatemarketresearch.com/inquiry/data-center-rfid-marketMarket Overview and Trends: The report entails the overview of the market comprising classifications, definitions, and applications.
It encompasses the comprehensive understanding of various aspects such as constraints, drivers, and major micro markets.
