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RAIN RFID Solutions Market By Component (Tags, Readers, Software, Services), By Application (Apparel And Footwear, Retail, Logistics, Asset Management, Medical, Air Baggage And Cargo, Electronic Vehicle Identification) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

RAIN RFID technology refers to the RFID solutions connected to the cloud that enable consumers, businesses, and various other stakeholders to effectively identify, authenticate, locate, and engage various objects. The RAIN RFID solutions only make use of ultrahigh-frequency (UHF) RFID technology in order to ensure universal identification and usage of the same RFID tags all across the supply chain. The RAIN RFID solution comprises various RFID tags, readers, software, and associated services. The RFID tags, labels, and inlays, among others, contain microchips storing product-related data that can be read by RFID readers for product identification. The software component collects, stores, and manages this data on a server. The cumulative information about various products can be accessed and viewed by any authorized stakeholder over the Internet. Thereby, the use of RAIN RFID solutions has made it viable for various manufacturers and distributors to track and manage numerous shipments in real time.

Various manufacturers, providers, and suppliers attach tags to their products or components, which enable product identification by any concerned party. This identification and authentication data is uploaded to the cloud, thereby providing easy access to product information for various business participants over the Internet. The deployment of RAIN RFID solutions has offered immense benefits for end-use industries, including apparel and footwear, retail, medical, logistics, warehouse management, baggage and cargo, vehicle identification, and other access control applications, among others. RAIN RFID solutions have made it easier for manufacturers to take effective measures towards higher accountability, anti-counterfeiting, and product tracking throughout the product movement from manufacturing to the end-user.

The report titled "Global RAIN RFID Solutions Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global RAIN RFID solutions market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on components, applications and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing the anatomy of the overall RAIN RFID solution.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of RAIN RFID solutions, market positioning, and key developments. Some of the major players profiled in the report are Impinj, Inc., NXP Semiconductors N.V., Walki Group Oy, SMARTRAC N.V., ITL Group, 7iD Technologies, HID Global, Hangzhou Century Link Technology Co., Ltd., Convergence Systems Limited (CSL), Invengo Technology Pte. Ltd., Xerafy (H.K.) Limited, and CAEN RFID S.r.l.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the RAIN RFID industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global RAIN RFID solutions market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The RAIN RFID solutions market is segmented, based on application, into the following categories:

  • Apparel and Footwear
  • Retail
  • Logistics
  • Asset Management
  • Medical
  • Air Baggage and Cargo
  • Electronic Vehicle Identification
  • Others

On the basis of application, the global RAIN RFID solutions market was led by the apparel and footwear segment in 2016. There has been a growing demand from various retailers and merchandise outlets for solutions to ensure better inventory management. Thereby, leading apparel and footwear manufacturers have been incorporating RFID tags, labels, and inlays, among others, into their products before shipment. This segment accounted for a significantly large portion of the overall RAIN RFID solutions market in 2016. Applications such as medical and electronic vehicle identification are expected to witness tremendous growth during the forecast period from 2017 to 2025.

The RAIN RFID solutions market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

In 2016, North America held the largest share of the overall market for RAIN RFID solutions, accounting for over 40% of the global market in terms of revenue. Sophisticated I.T. infrastructure and higher adoption of I.T. systems across various industry sectors have resulted in the higher adoption of these solutions in the region. Furthermore, factors such as stringent government regulations and a higher degree of accountability in the logistics and distribution of various products have made it imperative for organizations to deploy the latest technologies in asset tracking and inventory management.

Europe and Asia Pacific followed the North American region in the global RAIN RFID solutions market in terms of revenue in 2016. Home to some of the leading fashion apparel and footwear brands in the world, Europe experiences a higher demand for RAIN RFID solutions in this end-use segment. Furthermore, other applications such as medical, asset tracking, and logistics are further expected to drive growth in this region. Currently, the Asia Pacific region experiences limited adoption; however, with rising technological awareness and increasing demand for global compliance, the adoption of RAIN RFID solutions will likely increase in the following years. The Asia Pacific RAIN RFID solutions market is expected to witness tremendous growth towards the end of the forecast period from 2017 to 2025.

Frequently Asked Questions:

The market for RAIN RFID Solutions Market is expected to reach US$ US$ 969.9 Mn Mn By 2025.

The RAIN RFID Solutions Market is expected to see significant CAGR growth over the coming years, at 22.6%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Impinj, Inc., NXP Semiconductors N.V., Walki Group Oy, SMARTRAC N.V., ITL Group, 7iD Technologies, HID Global, Hangzhou Century Link Technology Co., Ltd., Convergence Systems Limited (CSL) are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2017
Category:  Technology & Media
Report ID:   58572
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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