TechNavio Announces the Publication of its Research Report -Global RFID Market 2014-2018
December 11, 2013
TechNavio recognizes the following companies as the key players in the Global RFID Market: Alien Technology Corp., Honeywell International Inc., Impinj Inc., and NXP Semiconductor Inc.
Commenting on the report, an analyst from TechNavio's team said: "In recent years, the vendors in the Global RFID market have been increasing their expenditure on the R&D of RFID semiconductors. Leading vendors such as Alien Technology, Honeywell, Impinj and NXP Semiconductors have all increased their investment in the R&D of RFID devices. Moreover, many vendors are partnering with software and hardware suppliers for to develop technologically advanced products. This focus on R&D has helped vendors introduce RFIDs that are increasingly cost-effective as well as effective. Thus, the improved accuracy and reduced prices of RFID devices are leading to increased adoption among several major end-users in the market."
According to the report, one of the major drivers in this market is the high efficiency offered by RFID tags in terms of tracking assets. Asset tracking helps companies identify exactly how many assets they have, and it also helps them control inventory levels.
Further, the report states that one of the major challenges in this market is the high initial investment involved in the deployment of RFID tags. This prevents the adoption of RFIDs among SMBs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.technavio.com/report/global-rfid-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit http://www.technavio.com/it-hardware-software-services
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