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Top Trends in RFID Technology market to 2024 illuminated by new report

RFID: Technology

North America RFID market holds a major value share in the global market and is likely to maintain its dominance in the global RFID market over the forecast period. The market in this region is projected to represent a significant incremental opportunity between 2018 and 2028.

RFID Technology Market retail and consumer goods segment is expected to account for a sizable share of the overall RFID market by the end of the forecast period. The growth of the RFID market is predominantly driven by the rising need for efficient supply chain management in the developing economies of South East Asia & Others of APAC, Middle East & Africa and China.

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RFID Technology Market Report Highlights the top trends, upcoming technology in applications fields which improves the visibility of the entire process and many distribution centers and warehouses have been in an effort to increase the efficiency of the processes as a part of reported improvement programs.

Further, the return on investment for this technology (ROI) increases with the volume of items that can be tagged and tracked.

This report is an analytical business tool whose primary purpose is to describe and analyze the size and dynamics of the global market for RFID products and applications. On the basis of application, the global RFID market can be segmented into logistics & transportation, aerospace & defence, automotive, retail & consumer goods, agriculture, healthcare, government and others.

In the healthcare sector, the focus on RFID technology for the tracking and classification of medical instruments is rising, and this is expected to drive the demand for the technology. Rising need for efficient supply chain management is expected to support the growth of the North America RFID market during the forecast period.

Download Complete Report on RFID: Technology, Applications, and Global Markets Now at…ame=772998 .

Major sections of the report cover the following topics:

- Summary of findings and conclusions.

- Overview of the RFID industry.

- RFID technologies, applications and end users.

- Market size and segmentation in 2015.

- Market drivers and constraints.

- Detailed market projections by market segment, 2016 to 2021.

- Regulatory, environmental, and health issues

- Intellectual property (patent analysis)

RFID stores detailed information related to the product on which it is tagged. The prices and details of products with RFID tags are automatically recorded when the customer approaches the counter without the need to scan every product, which saves the time of the customer.

Moreover, it allows the cost tally in one scan, which saves the time of the customer as well as the retailer.

Report Includes:

- An overview of the global markets, applications, and related technologies for RFID.

- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021.

- Analysis of the importance of new technologies impacting the RFID industry.

- Coverage of the principal new RFID applications that are expected to be commercialized over the next five years.

- Perspective of the market from the standpoint of various end-users.

- Analysis of economic, business, regulatory, environmental, health, and other macro issues raised by projected trends in the size and structure of the RFID market.

- Details concerning the market's drivers, constraints, and opportunities.

- A relevant patent analysis.

- Profiles of major players in the field.

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