New York, Oct. 23, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "RFID Middleware Market by End-Users and Geography - Global Forecast and Analysis 2019-2023" - https://www.reportlinker.com/p05810926/?utm_source=GNW
In 2018, the industrial segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as efficient monitoring of the assembly process, time, and location will play a significant role in the industrial segment to maintain its market position. Also, our global RFID middleware market report looks at factors such as the growing popularity of cloud-based RFID middleware among SMEs, growing adoption of the e-commerce sector, and a growing number of RFID applications. However, uncertainties in the data security and privacy issues, availability of low-cost identification methods, and RFIS reader collision may hamper the growth of the RFID middleware industry over the forecast period.
Global RFID Middleware Market: Overview
The growing number of RFID applications
The adoption of RFID technology for different applications will increase the adoption of RFID systems. It reduces production downtime and labor-cost, helps in location tracking, for applications such as inventory management and data management. Therefore, the need for accuracy in database management will lead to the expansion of the global RFID middleware market at a CAGR of over 11% during the forecast period.
Growing investment in smart factories
A major factor driving the growth of the global RFID middleware market is increasing interest in smart factories. The deployment of smart technologies in industries facilitates efficient monitoring of the manufacturing process from remote locations. It helps in fleet tracking, inventory and asset management, and personal tracking. It also enables data communication with other departments in real-time. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global RFID middleware market is concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading RFID middleware manufacturers, that include Checkpoint Systems Inc., Fujitsu Ltd., RF Code Inc., TIBCO Software Inc., Tyco Retail Solutions.
Also, the RFID middleware market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Read the full report: https://www.reportlinker.com/p05810926/?utm_source=GNW
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The global RFID middleware market at a CAGR of over 11% during the forecast period
Global RFID Middleware Market: About this market This RFID middleware market analysis considers sales from industrial, transportation, retail, healthcare, and others. Our analysis also considers the sales of RFID middleware in APAC, Europe, North America, South America, and MEA.
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