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Data Center RFID Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Data Center RFID Market: Overview

A data center is a facility of computer systems that houses the data and applications which are critical for the success of business organizations. Data centers are integrated to deliver timely, trusted and secure information within the organization. Currently, data center managers are continuously facing pressure to enhance the security of data center assets and ensure optimal utilization of resources. Hence, they are integrating various technologies such as Radio-frequency identification (RFID) to keep track of critical assets such as servers, routers and other IT assets. 

Automation via RFID reduces inefficiency and human error, reduces costs and complexity while increasing flexibility and control. RFID allows companies to identify and collect a range of metrics for data center assets. Additionally, they help to increase inventory accuracy and operational efficiency. Based on the type of assets, RFID tags can be for servers, switches, storage devices (removable drives and backup drives) among others. Based on solutions, RFID for data centers include tags (active or passive tags), readers, antennas and software.

Data Center RFID Market: Key Growth Enablers

Data centers consist of expensive, mission critical assets which need to be tracked. Tracking data center assets helps to organize them and reduce operational costs. Moreover, manual tracking is expensive and consolidating inventory can be tedious and inefficient. Hence, a large number of data centers are increasingly turning to RFID technology to decrease expenses, increase inventory accuracy, and improve operational efficiency. RFID tags when used on racks of data center equipment can help in retrieving information about racks within no span of time. Additionally, misplaced equipment can be easily located without reading individual serial number on tags. 

Data Center RFID Market: Defining Trends

Globally, an increasing number of enterprises are demanding better management of data center resources. RFID tags and other solutions help to improve the management of data center assets. This is driving the global data center RFID market. Additionally, these solutions help increase efficiency and productivity by decreasing the manual workforce which can be used for other vital tasks in an organization. Thus, the increased need for better management of resources with better productivity is collectively driving the global data center RFID market.

Presently, due to the Internet of Things (IoT), massive amounts of data is being generated which is driving the need for data centers. As the number of data centers is expected to rise during the forecast period there is abundance opportunity for RFID technology to be incorporated within data centers.

Data Center RFID Market: Regional and Competitive Snapshot

Geographically, the data center RFID market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is the biggest market for data centers RFID technologies. Increasing digitization in the Asia Pacific region is driving the growth of data centers in this region and hence it is an emerging region for data center RFID market. Some of the leading players in the global RFID marketplace include IBM Corporation, Zebra technologies, Hewlett-Packard Development Company L.P., Invengo Information Technology Co. Ltd and Impinj, Inc. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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