NEW
YORK, June 14, 2024 /PRNewswire/ -- The
global RFID middleware market size is estimated to grow
by USD 3.24 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 10.91% during the forecast period. Growing popularity
of cloud-based RFID middleware among smes is driving market
growth, with a trend towards growing interest in smart
retail stores. However, rise in data security and privacy
issues poses a challenge. Key market players include Aucxis bv, CCL
Industries Inc., Cirfid Technology Co. Ltd., Fujitsu Ltd., GAO
Group Inc., Intelligic Software Pvt. Ltd., Irys Pte Ltd., Johnson
Controls International Plc, Lowry Solutions, Murata Manufacturing
Co. Ltd., Nedap NV, Oracle Corp., Quake Global Inc., RF Code Inc.,
RFID4U, RMS Omega Technologies, SIGMA Chemnitz GmbH, SmartX
Technology Inc., Terso Solutions Inc., and TIBCO Software Inc..
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RFID Middleware
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.91%
|
Market growth
2024-2028
|
USD 3240.16
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
10.71
|
Regional
analysis
|
North America, APAC,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
40%
|
Key
countries
|
US, China, Japan, South
Korea, and Germany
|
Key companies
profiled
|
Aucxis bv, CCL
Industries Inc., Cirfid Technology Co. Ltd., Fujitsu Ltd., GAO
Group Inc., Intelligic Software Pvt. Ltd., Irys Pte Ltd., Johnson
Controls International Plc, Lowry Solutions, Murata Manufacturing
Co. Ltd., Nedap NV, Oracle Corp., Quake Global Inc., RF Code Inc.,
RFID4U, RMS Omega Technologies, SIGMA Chemnitz GmbH, SmartX
Technology Inc., Terso Solutions Inc., and TIBCO Software
Inc.
|
Market Driver
RFID middleware plays a crucial role in smart stores by
facilitating communication between RFID readers and other systems.
With the increasing adoption of RFID technology in retail
establishments, such as Amazon and Walmart, the demand for RFID
middleware is expected to grow significantly. This software enables
seamless data exchange, enhancing inventory management, and
improving overall operational efficiency in smart stores.
The RFID middleware market is experiencing significant growth
due to the increasing adoption of RFID technology in various
industries. This technology enables automatic data collection and
real-time inventory management, leading to improved efficiency and
accuracy.
The market is driven by the need for seamless integration of
RFID systems with enterprise applications and the requirement for
scalability and flexibility. Additionally, the trend towards
cloud-based solutions and the increasing use of AI and machine
learning in RFID systems are expected to further fuel market
growth. Overall, the RFID middleware market is poised for continued
expansion as businesses seek to optimize their operations and
enhance their supply chain management capabilities.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- RFID middleware plays a crucial role in RFID systems by
managing and monitoring data and devices. It decodes signals from
RFID readers and provides analysis to end-users. Data security is a
significant challenge in the RFID market, with threats such as
clone tags and unauthorized readers. Due to these concerns, RFID
middleware must ensure data encryption and filtering to protect
sensitive information. Vendors aim to address these issues and
expand into financial applications and card systems.
- The RFID middleware market faces several challenges in
implementing and integrating RFID technology. Cash flows and costs
are significant considerations, as RFID systems require substantial
investment for hardware, software, and maintenance.
Interoperability issues persist, as different RFID systems may not
communicate effectively with each other.
- Additionally, ensuring data security and privacy is crucial, as
RFID tags can store sensitive information. Furthermore, real-time
data processing and analysis can be complex, requiring advanced
analytics capabilities. Lastly, ensuring regulatory compliance,
particularly in industries like healthcare and logistics, is
essential. Addressing these challenges will be key to the growth
and success of the RFID middleware market.
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challenges - Request a sample report!
Segment Overview
- Deployment
- End-user
- 2.1 Industrial
- 2.2 Transportation and Logistics
- 2.3 Retail
- 2.4 Healthcare
- 2.5 Others
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 On-premise- RFID middleware's on-premises
segment is crucial in the global market due to enhanced security
and control over data and infrastructure. This segment reduces data
breach risks and ensures faster response times for industries with
high transaction volumes. Customizable and scalable, on-premises
RFID middleware integrates with ERP and WMS systems, providing
real-time inventory visibility and streamlined operations. These
advantages are expected to boost the on-premises segment's growth
during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The RFID middleware market plays a crucial role in the seamless
integration and communication between various RFID components in
applications such as inventory management and vehicle
identification. RFID middleware facilitates the automatic
identification process by translating and managing data from RFID
tags and transponders, enabling real-time data exchange between
RFID readers and databases.
In the context of toll collection systems, RFID middleware
ensures efficient toll deduction processes by transmitting unique
identification information to the database for registered vehicles
upon passing through entry/exit lanes or toll booths.
The RFID system's architecture relies on radio frequency signals
emitted by RFID tags, which are read by RFID readers and processed
by the middleware for further analysis and action. The use of RFID
middleware reduces manual involvement, ensuring safety and
minimizing traffic congestion at physical toll booths.
Market Research Overview
The RFID middleware market refers to the software solutions that
enable communication and data exchange between RFID readers and
other systems. These middleware solutions provide real-time
visibility into inventory and asset movements, enabling efficient
supply chain management and operational improvements.
They offer features such as data normalization, filtering, and
translation, ensuring seamless integration with enterprise
applications.
RFID middleware supports various communication protocols and
RFID technologies, making it a versatile solution for various
industries, including manufacturing, healthcare, retail, and
logistics. The market for RFID middleware is expected to grow
significantly due to the increasing adoption of RFID technology and
the need for real-time data processing and analysis.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Deployment
-
- End-user
-
- Industrial
- Transportation And Logistics
- Retail
- Healthcare
- Others
- Geography
-
- North America
- APAC
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio