Valley Cottage, NY -- (SBWIRE) -- 09/07/2017 -- Report Introduction

North America and APEJ were the dominant markets in 2016 in terms of sales in the global RFID market. Over the next few years, Asia Pacific countries are expected to be the key countries for sustainable revenue generation from RFID sales. Significant market potential exists in the growing markets of China, India and Japan. We have found that technological innovations are expected to remain the key strategy of manufacturers to facilitate business growth. Our analysts have observed that long-term contracts with business partners help increase revenue and new innovation strategies enable RFID vendors to reach new growth markets. We have also observed that the growth of the logistics and transportation industry increases the demand for RFID tags, readers and software solutions to track vehicles, assets and inventory. Our findings have been encapsulated in a new report titled "RFID Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027." Governments across the globe have been taking major steps to track and streamline their import and export transactions by using innovative tracking solutions.

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In this report, we have concentrated on the micro-economic factors and their relevance and impact on the global RFID market. For instance, we have come to a conclusion after inspecting this market in detail that increases in global GDP are likely to have a medium impact on the market over the forecast period; on the other hand, increase in global urbanisation is anticipated to have a low-medium impact over the forecast period. While assessing the market opportunity, our analysts have noticed two important traits:

Retail and consumer goods application segment is estimated to hold the highest market share in the global RFID market by 2027, and RFID solution providers need to offer innovative solutions to cater to this growing demand in the coming future

Agriculture, farming and livestock is the fastest growing application segment with livestock displaying the highest potential in the market

In-depth assessment of capabilities and detailed profiles of key competitors is the highlight of our report

Besides forecasting the global RFID market over a 10 year period and providing detailed information on the key market dynamics, we have included a competitive landscape to provide clients with a dashboard view, based on categories of providers in the value chain, presence in the RFID portfolio and key differentiators. This section has been primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the RFID supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the RFID market.

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Research Methodology

Given the ever-fluctuating nature of the global economy, we have not only conducted the market forecast in terms of CAGR but have also analysed the global RFID market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the global RFID market is split into a number of segments. All market segments are analysed in terms of basis point share to understand segmental contribution to overall market growth. This detailed level of information is important for identification of various key trends in the global RFID market. A key feature of this report is a comprehensive analysis of all key segments by absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global RFID market. We have considered macro-economic indicators such as GDP, wholesale and retail trade, merchandise trade, and prices to arrive at the indicated market numbers.