C&M: Global industry for RFID to be driven by increasing demand for RFIDs in the Retail segment
Global RFID Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:08:01
The Global RFID market is to grow at a CAGR of 22.4 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for RFIDs in the Retail segment. The Global RFID market has also been witnessing the increased R&D spending by vendors. However, the high capital investment required could pose a challenge to the growth of this market.
In recent years, the vendors in the Global RFID market have been increasing their expenditure on the R&D of RFID semiconductors. Leading vendors such as Alien Technology, Honeywell, Impinj and NXP Semiconductors have all increased their investment in the R&D of RFID devices. Moreover, many vendors are partnering with software and hardware suppliers for to develop technologically advanced products. This focus on R&D has helped vendors introduce RFIDs that are increasingly cost-effective as well as effective. Thus, the improved accuracy and reduced prices of RFID devices are leading to increased adoption among several major end-users in the market.
Click for report details: www.companiesandmarkets.com/Market/Information-Technology/Market ..
Browse all Information Technology Market Research Reports www.companiesandmarkets.com/Market/Information-Technology/Market ..
Browse all Information Technology Company Profile Reports www.companiesandmarkets.com/Market/Information-Technology/Compan ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.