The North America Data Center RFID Market would witness market growth of 23.0% CAGR during the forecast period (2023-2030).
The evolution of the data center RFID market represents a pivotal shift toward intelligent, interconnected, and more secure data center ecosystems. With a focus on optimizing asset management, enhancing operational agility, and fortifying security measures, RFID technology continues to be a cornerstone in pursuing heightened efficiency and reliability within the dynamic realm of data center management.
Furthermore, competition in the market is driven by various players offering RFID hardware, software solutions, and services tailored to optimize data center operations. Key factors influencing market competition include innovation, technology integration, service quality, and the ability to meet evolving data center needs. RFID technology-focused businesses provide a variety of solutions that are tailored to the needs of data center operations. These providers focus on RFID tags, readers, antennas, and middleware tailored to address the unique asset tracking and management requirements within data centers.
Established players in the data center infrastructure market also compete by offering integrated RFID solutions as part of their broader portfolio. These companies often provide end-to-end solutions, combining RFID technology with data center hardware, such as racks, servers, and networking equipment. Beyond RFID hardware, software providers and system integrators play a crucial role in the market. They offer software platforms, middleware, and integration services to integrate RFID technology with existing data center management systems seamlessly.
Mexico has been actively working on expanding and deploying 5G networks to enhance connectivity, support technological advancements, and foster economic growth. As per the International Trade Administration (ITA), Mexico has been actively working on the expansion and deployment of 5G networks to enhance connectivity, support technological advancements, and foster economic growth. 5G is expected to account for around 43 percent of the market by 2032. Hence, the expansion of the 5G technology in the region is propelling the growth of the market.
The US market dominated the North America Data Center RFID Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,413.6 million by 2030. The Canada market is registering a CAGR of 25.8% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 24.7% during (2023 - 2030).
Free Valuable Insights: The Data Center RFID Market is Predict to reach USD 5.5 Billion by 2030, at a CAGR of 23.8%
Based on Component, the market is segmented into Hardware (Reader (Handheld, Fixed), Tags (Passive, Active), Printer, Antenna, Others), Software, and Services. Based on Tag Frequency, the market is segmented into UHF, HF, and LHF. Based on Application, the market is segmented into Asset Tracking & Management, IT Asset Management, Lifecycle Management, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Application
By Country
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