USD 1017.87 Million
Report ID:
SQMIG45A2314 |
Region:
Global |
Published Date: April, 2024
Pages:
194
|Tables:
117
|Figures:
72
Data Center RFID Market size was valued at USD 1,270.3 Million in 2023 and is poised to grow from USD 1585.33 Million in 2024 to USD 11642.65 Million by 2032, growing at a CAGR of 24.8% during the forecast period (2025-2032).
Data centers grow larger and more complex as data usage and storage requirements increase, increasing the need for effective and reliable asset management systems. This need is met by data center RFID technology that provides real-time asset tracking, and they are visible, maximizing both asset utilization and operational efficiency. Increasingly data centers contain critical infrastructure and critical information. Data breaches and unauthorized access can be dangerous. It plays a key role in enhancing security by facilitating data center RFID access control and managing the flow of assets into the data center. This real-time visibility enables faster detection and response to potential security threats, mitigating risks and protecting valuable data.
Data centers grow larger and more complex as data usage and storage requirements increase, increasing the need for effective and reliable asset management systems This need is met by data center RFID technology that provides real-time asset tracking and they are visible, maximizing both asset utilization and operational efficiency Increasingly Data centers contain critical infrastructure and critical information. Data breaches and unauthorized access can be dangerous. It plays a key role in enhancing security by facilitating data center RFID access control and managing the flow of assets into the data center. This real-time visibility enables faster detection and response to potential security threats, mitigating risks and protecting valuable data.
Global Market Size
USD 1017.87 Million
Largest Segment
Reader
Fastest Growth
Antenna
Growth Rate
24.8% CAGR
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Based on components, the global Data Center RFID Market is segmented into hardware, software, and services. Based on hardware, the market is segmented into tags, readers, printers, antenna, and others. Based on tags, the market is segmented into active, passive. Based on the reader, the global Data Center RFID Market is segmented into fixed, handheld. Further, the major countries studied in the market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Analysis by Hardware
The reader segment is dominating segment which is accounted for the largest market revenue share of around 35% by 2023. This is because data center operators are increasingly recognizing the benefits of RFID technology and its ability to automate, improve efficiency and provide security going forward is gaining acceptance in the industry. Continuous improvements in RFID technology make it more affordable, reliable, versatile and feature rich. The long-read range, high data capacity, advanced environmental resistance, and easy integration with existing systems enhance the performance and value proposition of data center RFID.
The antenna segment is expected to follow the fastest CAGR during the forecast period. Advances in antenna design, including different polarizations and multi-beam antennas, increase tag detection accuracy and improve data transmission efficiency. These advances allow data center operators to optimize their RFID systems and they make their asset tracking and management process more efficient. Modern data center antennas are designed to seamlessly integrate with existing data center infrastructure, such as cable trays and ceilings. This eliminates the need for multiple cabling or replacement of existing structures, simplifies installation and reduces infrastructure costs.
Analysis by Component
The hardware segment led the market and accounted for 73% of global revenue by 2023. The increasing demand for data storage and processing requires the construction and expansion of data centers and makes them available market size for hardware components. Development for data center RFID leading to further adoption. In addition to asset tracking and security, data center RFID is used for data center auditing, environmental management, predictive maintenance, and lifecycle management. This diversity of components requires specialized hardware components, creating new opportunities for manufacturers.
The enterprise segment is likely to register the fastest CAGR during the forecast period from 2024 to 2031. As data centers mature and become more complex, managing and optimizing performance will become increasingly difficult. Manufacturers are providing expertise and solutions to meet these challenges, ensuring that data center operators can leverage their RFID investments to their full potential. Implementing and maintaining a data center RFID system requires specialized knowledge and technical expertise. Many organizations need more resources internally, leading to a demand for expert services from experienced providers.
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North America dominated the market and accounted for about 37% by 2023. North America has the largest number of data centers in the world, which is due to its increased internet penetration, cloud computing adoption, and technology. And the growth is that data center this expanded footprint leads to a high demand for RFID solutions to manage and optimize operations. U.S. is home to tech giants such as Google, Amazon and Microsoft, which operate large data centers and invest heavily in cutting-edge technologies such as RFID. This proliferation of tech giants is driving demand for advanced data center solutions and accelerating adoption of the technology.
The Asia-Pacific region in the market is expected to grow significantly. APAC is witnessing an increase in data center construction, with factors such as the rise of the internet, growing e-commerce and the spread of cloud computing services. This rapid growth in data center infrastructure creates a huge demand for quality management solutions that work well with RFID technology. The Government of India actively supports data center development through policies and initiatives that encourage the use of technology. Schemes like "Make in India" encourage local manufacturers of data center equipment, including RFID solutions, to create a self-sustaining market.
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Drivers
Increasing Adoption of RFIDs Technology
Growing Demand for Data Center Automation
Restraints
Growing Concerns about Data Security and Privacy
High Initial Implementation Costs
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The competitive environment of the Global Data Center RFID Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global data center RFID market is characterized by several key players offering a variety of RFID solutions suitable for data center applications. Honeywell Data Center offers RFID solutions designed for asset tracking and advanced inventory management. The company’s RFID products include readers, antennas, tags and middleware software, which gives data center operators better visibility and control over their assets while optimizing operational efficiency.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The benefits of RFID technology are becoming increasingly apparent to data center operators. In the field, the ability to automate processes, increase productivity and bolster safety is becoming increasingly popular. The increasing adoption of data center RFID solutions brought about by this expanding awareness is creating a growing market for RFID technology vendors. Technological advances continue to improve RFID technology, making it more affordable, reliable, and versatile for data center applications. Long read ranges allow for extensibility, high data capacity facilitates rich data collection, and easy integration with other systems allows for a complete data center management solution. These advances are driving market growth by making data center RFID a more robust solution.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1,270.3 Million |
Market size value in 2032 | USD 11642.65 Million |
Growth Rate | 24.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Data Center RFID Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Data Center RFID Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Data Center RFID Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Data Center RFID Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2314
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