RFID Printer Market Size to Grow by USD 456.26 mn through 2020-2024
Technavio research projects the rfid printer market to grow by USD 456.26 mn, accelerating at a CAGR of almost 6% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
RFID Printer Market: Key Market Driver
One of the primary factors that will trigger the growth of the rfid printer market size is increasing number of RFID applications. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
RFID Printer Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avery Dennison Inc., Honeywell International Inc., KYOCERA Corp., Oki Electric Industry Co. Ltd., Primera Technology Inc., Ricoh Co. Ltd., Seiko Epson Corp., Sony Corp., Toshiba International Corp., and and Zebra Technologies Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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RFID Printer Market 2020-2024 | APAC Will Dominate the Market With 51% of the Market's Growth
Technavio has been monitoring the global RFID Printer Market and it is expected to grow by USD 456.26 million accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
RFID Printer Market: Increasing Number of RFID Applications to Drive Growth
The opportunities for RFID applications are more in the healthcare sector. RFID technology can be used in machinery or equipment. It helps in the effective identification of a location and improves the use and efficiency of expensive and unique machinery or equipment. There are many expensive assets and equipment in data centers. The technology-driven assets and equipment need to be replaced periodically. Integrating RFID can save time in identifying the equipment that needs to be replaced. The integration of RFID technology into construction can help in tracking or locating tolls and equipment, tracking laborers and wages, and managing building materials and logistics.
Though RFID technology provides many advantages over other identification methods, it is expensive. Small and medium enterprises that do not have extensive disposable capital use barcodes as they are low-cost alternatives. The cost of implementing RFID technology is one of the major challenges in the global RFID market. The deployment and integration of management solutions (middleware) with RFID requires high initial investments. It involves equipment costs, installation costs, tag costs, software costs, ongoing license costs, maintenance costs, and integration costs.
RFID Printer Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avery Dennison Inc., Honeywell International Inc., KYOCERA Corp., Oki Electric Industry Co. Ltd., Primera Technology Inc., Ricoh Co. Ltd., Seiko Epson Corp., Sony Corp., Toshiba International Corp., and Zebra Technologies Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
