Market Trends of Data Center RFID Industry
This section covers the major market trends shaping the Data Center RFID Market according to our research experts:
Major Use In the Transport and Logistic Sectors
- According to Digital Reality, the transportation and logistics industry is under tremendous pressure to maintain its competitiveness, provide high-quality customer service, and create novel methods to optimize its operations to meet the demands of its more affluent consumer bases.
- With the ability to always track a vehicle's location on a map owing to RFID tags affixed to the vehicle, managers are better able to locate assets at any time, which greatly improves efficiency. This lowers costs and boosts productivity since businesses can watch their fleet of cars, plan routes effectively for quicker deliveries, and keep a lookout for maintenance concerns that may occur during a journey so they can be rectified before they become greater difficulties.
- Users may use RFID technology with a WMS to improve product tracking speed, simplicity, and accuracy. Employees can use an RFID scanner to scan each pallet of merchandise entering a warehouse and add the new stock to the WMS. Employees may scan items and bin numbers as they are put away in the warehouse to allow location tracking. Additionally, pickers may scan each RFID tag as they choose items, marking the product as having left the distribution center after scanning each RFID tag.
- The ideal method for an easy drive on public roads is FASTag. There is no need to stop at the toll booths to pay for anything with cash if your car has a FASTag. The toll fee or VAT is deducted straight from the associated prepaid account to your FASTag. A gadget called FASTag uses Radio Frequency Identification (RFID) technology to make toll payments immediately while the car is moving.
- In the previous fiscal year, toll income from roads across India was estimated to be worth close to INR 285 billion (USD 3.4 billion). Since the fiscal year 2017, there has been an upward trend in these revenues. One of the causes of this may be the lengthening of the roads that were subject to tolling over the observed time frame.
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North America Holds a Majority Share
- North America is the market with the largest Data Center RFID share. The region holds more than approximately one-third of the total global market. Data centers are expanding in this region due to their growing digitalization, making it a developing market for data center RFID. Some of the top participants in the worldwide RFID industry are IBM Corporation, Zebra Technologies, and Hewlett-Packard.
- North America has one of the highest telecommunication and IT services adoption rates. Widespread network coverage and world-class mobile penetration are also causing growth in demand for RFID-enabled solutions for data centers infrastructure across the region. Additionally, growing knowledge of the benefits of RFID technology will encourage growth.
- Furthermore, North America now controls the entire RFID industry due to the region's growing need for the storing and tracking solutions provided by RFID. Last year, North America led the worldwide RFID tag market, and this is projected to continue throughout the forecast period. This is a result of regional government programs to encourage the usage of RFID tags expanding. Regional market expansion is likely aided by the growing retail and logistics industries.
- Infrastructure and transportation networks are essential to the growth of the economies of the United States and Canada. Numerous social and economic advantages of efficient transportation networks include more employment, more access to the market, and more investments. As a result, the transportation sector must adjust quickly to technological changes. RFID-based automated toll collection enables toll fees to be electronically collected.
- As of January last year, there were 2,701 data centers in the United States, while Germany had 487. With 456 data centers, the United Kingdom came in third place after China and the United States.
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