Latest News - RFID Middleware Market: On-premise is expected to lead the Deployment segment during 2024-2028

The RFID Middleware Market is being driven by Growing popularity of cloud-based RFID middleware among SMEs

The RFID Middleware Market is expected to grow at a CAGR of 10.91% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3240.16 million. In the evolving retail landscape, the integration of smart technologies, such as RFID, in brick-and-mortar stores, referred to as smart stores, is revolutionizing the industry. Key players like Amazon and Walmart have effectively implemented RFID technology, resulting in enhanced customer experience and operational efficiency. Consequently, the demand for RFID middleware is projected to surge during the forecast period, as smart stores continue to outperform traditional retail establishments. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premise
  • Cloud
• End-user
  • Industrial
  • Transportation and logistics
  • Retail
  • Healthcare
  • Others
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
    • South Korea
  • Europe
    • Germany
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing popularity of cloud-based RFID middleware among SMEs
• Growing adoption in e-commerce sector
• Growing number of RFID applications

However, the market also witnesses some limitations, which are as follows:

• Rise in data security and privacy issues
• High initial cost of RFID middleware
• Rise in collision in RFID readers

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Market Scope in RFID Middleware Market Research Report

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Research Analysis Overview

In the realm of intelligent transportation systems, the RFID Middleware Market plays a significant role in facilitating seamless communication between various components of RFID systems. This market encompasses software solutions that enable the automatic identification of registered vehicles at toll booths, managing inventory of RFID tags and transponders, and ensuring efficient toll fee collection. The RFID Middleware Market caters to the integration of RFID technology with safety and traffic management systems. It utilizes unique identification information from RFID tags and transponders, which are read via RFID readers using radio frequency signals. These systems automatically deduct toll fees upon vehicle entry and exit, reducing manual involvement and congestion at physical toll booths. The RFID Middleware Market's architecture includes the integration of RFID systems with databases, enabling real-time location, time, and date information for toll collection and inventory management. Affordable RFID solutions in this market cater to the growing demand for RFID technology in the transportation sector, contributing to the expansion of the RFID market.

Market Research Overview

The RFID middleware market is a segment of the larger global systems software market, which falls under the IT software market umbrella. This market encompasses businesses specializing in application and systems software creation, including RFID middleware. The global systems software market spans various software categories, such as application development and management, cloud computing, data centers, IT management, mobility, networking, security, and storage software. It excludes home entertainment software development and production companies. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/