Market Size in 2022 | Market Forecast in 2030 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 1356.94 million | USD 2634.19 million | CAGR at 8.82% | 2022 |
According to the report published by Zion Market Research, the global RFID Portals For Doorways and Corridors market size was valued at USD 1356.94 million in 2022 and is predicted to reach USD 2634.19 million by the end of 2030. The market is expected to grow with a CAGR of 8.82% during the forecast period. The report analyzes the global RFID Portals For Doorways and Corridors market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the RFID Portals For Doorways and Corridors industry.
In many industries, tracking of the assets is of prime importance. RFID portal for doorways & corridors serves as a bottleneck through which the things are moved. The things that are moved have RFID tags and hence each of the asset movement is tracked with full information. The industries ensure that each of their assets has the tag.
The market for RFID portals for doorways and corridors is globally fragmented into its application and RFID type. On the basis of application, the global market is segregated into offices & commercial buildings, assets and IT equipment tracking, government institutions and organizations, universities & education institutions, banks & financial institutions, events, exhibitions & trade show management, retail and commercial, hospitals & healthcare, banks & financial institutions, telecommunications, data centers, fashion, apparel & textile, and hotels and hospitality solutions. Depending on the RFID type, the market is divided into high frequency and near field communication, dual frequency, ultra-high frequency, and low frequency.
The RFID tags technology provides a good tracking management which is the main factor that is driving the RFID portals for doorways & corridors market. The tracking of the assets and the tools has been a major concern, any sort of mismanagement leads to loss of important tools, which in turn incurs organization’s monetary loss. Different end-user industries are using RFID portals for doorways & corridor for asset tracking thus driving the growth of the market. In the IT sector, the RFID portals for doorways & corridors helps in keeping the files that are tangible and the data center secure. RFID tags that are implanted on the asset when scanned prevent theft and its moving details are maintained with complete information. All these factors are driving the growth of the RFID portals for doorways & corridors market.
Region-wise, the global RFID portals for doorways and corridors market is diversified into regions such as North America, Western Europe, Eastern Europe, Asia-Pacific, the Middle East and Africa, and Latin America. Across the world, RFID portal for doorways will have the largest market share owing to factor that it has a great demand in the end-user industries such as hospitality and manufacturing. The region that holds the maximum market share for RFID portals for doorways & corridors is the North America. The factor that contributes to this growth is the expansion of the manufacturing and IT industry which has facilitated for managing their tools and tracking of the assets. In the coming years, Western Europe will witness a significant market growth owing to its increased application in the hospitals. Market growth in the Asia Pacific region is also good owing to the developing manufacturing sectors in the countries such as India, China, and Philippines. Japan is also having a significant growth in the market due to high technological advancements made in this field.
Report Attributes | Report Details |
---|---|
Report Name | RFID Portals For Doorways and Corridors Market Research Report |
Market Size in 2022 | USD 1356.94 million |
Market Forecast in 2030 | USD 2634.19 million |
Growth Rate | CAGR of 8.82% |
Number of Pages | 196 |
Key Companies Covered | Atlas RFID Solutions, Inc., SageData, RFIDSupplyChain, Jamison Door Company, Inc., Impinj, Inc., GAO Tek & GAO Group Inc., and Barco, s.r.o. |
Segments Covered | By Application,By Type, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The key market players that are involved in the RFID portals for doorways and corridors market include:
By Application
By RFID type
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