Intelligent RFID Platform Industry Research Report covers the present scenario and the growth prospects of the Intelligent RFID Platform Industry for 2017-2021. Intelligent RFID Platform Industry, has been prepared based on an in-depth Market analysis with inputs from Market experts.
The report covers the Market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this Market. To calculate the Market size, the report considers the revenue generated from the sales of Intelligent RFID Platform globally.
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The report contains a comprehensive Market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the Market.
Following Companies Are Key Players of the Intelligent RFID Platform Industry:
Other Prominent Vendors of Intelligent RFID Platform Industry Are:
“One trend in Market is cloud-based RFID solutions. Technological advances have bolstered the integration of RFID technology in industries like transportation, aerospace, IT, and logistics. However, the adoption of intelligent RFID platform solutions is limited in small and medium-sized retail chains or stores. This is due to the technology’s high IT infrastructure requirements for database, servers, and inter-/intra-network. These requirements also add to the high deployment and implementation costs. The cloud-based RFID solutions offered by different RFID solution providers, such as Terso Solutions, Tellago, and Nedap, have helped small and medium-sized retailers to avail RFID system benefits, as they eliminate the initial procurement cost of servers.”
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According to the report, one driver in Market is error reduction in data entry and increase in need for security. Data entry was initially a manual process. It was time consuming and had a high error rate. The introduction of RFID technology and barcode systems helps firms record and recognize data entries automatically and with more precision. It also corrects warehouse errors such as picking up a wrong quantity or item for a different order. In industries, such as manufacturing, logistics, and warehousing, keeping track of the inventory produced, stock in or stock out, or even keeping track of where the asset has moved in the department (during the production stage) is very important. A simple error in data entry can lead to a big loss. Time is also consumed in the rectification of the error. The implementation of RFID technology and barcode system in data management has eliminated such errors and improved the overall process. Information can be collected digitally in the form of a serial number, price, or count.
Report also presents Geographical Segmentation analysis of Intelligent RFID Platform Industry of Americas, APAC, EMEA region.
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Further, the report states that one challenge in Market is requirement for high initial investment. A major challenge in the global Intelligent RFID Platform Industry is the high initial investment required for the deployment of RFID devices. This prevents the adoption of RFIDs by SMEs. The advantages of RFID technology are known to all end-users. However, its high cost deters its Market growth. Most UHF readers (includes integrated intelligent RFID platform solutions) cost between $500 and $2,000 (excludes the antenna charges). The HF and LF RFID readers cost between $100 and $750. The average selling price (ASP) of RFID devices will decline during the forecast period, with vendors achieving economies of scale and increasing competition. This will allow RFID devices to become more affordable to all the end-user segments. Vendors should aggressively Market RFID devices and its benefits to end-users. This strategy will encourage vendors to bear the initial investment costs that are required for the deployment of RFID devices.
Key questions answered in Intelligent RFID Platform Industry report:
No of Pages: 78
Price of Report: $ 3500 (Single User License)
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