Data Center RFID Market Size, Share, Growth & Forecast 2032

Data Center RFID Market Insights

Zion Market Research has published a report on the global Data Center RFID Market, estimating its value at USD 1.33 Billion in 2023, with projections indicating that it will reach USD 7.48 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 21.13% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Data Center RFID industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Data Center RFID Market: Overview

A data centre is nothing but a storage facility that stores those computers that are essential to the growth of a business. These data centres are equipped to provide reliable, timely and secure data within the company. Nowadays however, increasing threats to data and information have become a matter of concern for data centre managers. As a result, these managers are using various technologies to protect their data. Radio frequency identification (RFID) is one such technology that can be used to track assets such as routers, servers, and others. Automation through RFID reduces human error and inefficiency, reduces complexity and cost while increasing control and flexibility. RFID enables firms to collect and identify a bunch of data centre assets metrics.

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Global Data Center RFID Market: Growth Factors

The global market for RFID data centres does one thing that is good for every organisation. It helps track costly data centres and reduces additional operating costs. This is the main reason why the global market for RFID data centres has suddenly risen. In addition, a large number of data centres opt for RFID technology to reduce costs, improve operational efficiency and increase inventory accuracy. When RFID tags are used on data centre equipment rack, they can help to provide rack data within a few seconds. In addition, the mislaid elements can be located without effort without reading the serial number individually.

Global Data Center RFID Market: Segmentation

Based on the type of solutions, the global data center RFID market is segmented as readers, tags, software, antennas, and other hardware. On the basis of the type of service, the global market is diversified as integration services and professional services. On the basis of industry verticals, the global data center RFID market is classified as IT and telecom, BFSI, healthcare, government and defense, manufacturing and energy, research and academic, and retail.

Data Center RFID Market: Report Scope

Global Data Center RFID Market: Regional Analysis

Latin America, North America, the Middle East, Africa and Asia-Pacific add to the regional diversification of the global RFID data centre industry. In this, Asia Pacific is said to dominate the global economy. Growing digitization in Asia-Pacific countries such as India and China is driving the development of the global RFID data centre industry. The remaining regions of the world will see slow yet consistent growth in the global demand for RFID data centres.

Global Data Center RFID Market: Competitive Players

Some main participants of the data center RFID market are:

• RF Code
• IBM
• HP
• Zebra Technologies
• Omni-ID
• GAO RFID
• Avery Dennison
• Alien Technology
• Impinj
• Invengo Information Technology among others.

The Global Data Center RFID Market is segmented as follows:

By Type of Solutions 

• Readers
• Tags 
• Software
• Antennas 
• and Other Hardware 

By Type of Service 

• Integration Services 
• Professional Services

By Industry Verticals 

• IT and Telecom
• BFSI
• Healthcare
• Government and Defense
• Manufacturing and Energy
• Research and Academic
• Retail

Data Center RFID Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa