Global Data Center RFID Market

Data Center RFID Market Size, Share, Growth Analysis, By Components(Hardware, Software, and Services), By Hardware(Tags, Reader, Printer, Antenna), By Tags(Active, and Passive), By Reader(Fixed, and Handheld), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2314 | Region: Global | Published Date: April, 2024
Pages: 194 | Tables: 117 | Figures: 72

Data Center RFID Market News

  • In September 2023, Hyperview announced a formal partnership with Digitalar. Hyperview will combine Digitalor’s technology with environmental sensors and asset management hardware to allow customers to easily manage the entire lifecycle of an asset, from acquisition to decommissioning.
  • In March 2023, MASS Group announced a partnership with Zebra Technologies to add the FX9600 and FX7500 static readers. The ability to integrate handheld and fixed hardware solutions will enable MASS Group to scale up its offerings and provide customers with a wider range of solutions.
  • In May 2022, HID Global acquired Vizinec RFID; The acquisition enhances HID Global's position in the rapidly expanding RFID tag industry. High standards and bespoke tags from Vizinex RFID empower customers to improve tracking, security and integrity while saving money and generating new efficiencies. Vizinex’s feature offers custom RFID tags that are fully integrated and compatible with a variety of products.
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Data Center RFID Market size was valued at USD 1017.87 Million in 2022 and is poised to grow from USD 1,270.3 Million in 2023 to USD 9329.05 Million by 2031, growing at a CAGR of 24.8% in the forecast period (2024-2031).

The competitive environment of the 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 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. 'Alien Technology', 'AVERY DENNISON CORPORATION', 'Confidex', 'Detego', 'GAO Group', 'HID Global', 'Honeywell International Inc.', 'Impinj, Inc.', 'MOJIX', 'Nedap', 'NXP Semiconductors', 'SATO Holdings Corporation', 'Semiconductor Components Industries, LLC', 'ThingMagic', 'Zebra Technologies Corp.'

Several phenomena are driving the adoption of RFID technology in industry. Automation, supply chain management, real-time intelligence, asset tracking, contactless payments stand out as important drivers of Near Field Communication (NFC) integration. Moreover, the government mandated the use of RFID tags in defense, aid, data centers and among others.

Rise in the Logistics Industry: According to Digital Reality, the travel and logistics industry is under tremendous pressure if they are to maintain their competitiveness, provide superior customer service and develop new ways to improve efficiency and win customers they have capital requirements to meet. With the ability to track the location of the vehicle at any time on a map thanks to RFID tags attached to vehicles, managers can always search for assets more efficiently, greatly improving efficiency. This reduces costs and increases productivity from that companies can track their fleet, effectively plan ways to deliver faster, on the go Able to anticipate potential maintenance problems so they can be fixed before they become more difficult.

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.

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Global Data Center RFID Market

Report ID: SQMIG45A2314

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