Connect with us

Technology

RFID Middleware Market size is set to grow by USD 3.24 billion from 2024-2028, Growing popularity of cloud-based RFID middleware among SMEs boost the market, Technavio

Published

on

NEW YORK, June 14, 2024 /PRNewswire/ — The global RFID middleware market size is estimated to grow by USD 3.24 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.91% during the forecast period. Growing popularity of cloud-based RFID middleware among smes is driving market growth, with a trend towards growing interest in smart retail stores. However, rise in data security and privacy issues poses a challenge. Key market players include Aucxis bv, CCL Industries Inc., Cirfid Technology Co. Ltd., Fujitsu Ltd., GAO Group Inc., Intelligic Software Pvt. Ltd., Irys Pte Ltd., Johnson Controls International Plc, Lowry Solutions, Murata Manufacturing Co. Ltd., Nedap NV, Oracle Corp., Quake Global Inc., RF Code Inc., RFID4U, RMS Omega Technologies, SIGMA Chemnitz GmbH, SmartX Technology Inc., Terso Solutions Inc., and TIBCO Software Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

RFID Middleware Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.91%

Market growth 2024-2028

USD 3240.16 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.71

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key countries

US, China, Japan, South Korea, and Germany

Key companies profiled

Aucxis bv, CCL Industries Inc., Cirfid Technology Co. Ltd., Fujitsu Ltd., GAO Group Inc., Intelligic Software Pvt. Ltd., Irys Pte Ltd., Johnson Controls International Plc, Lowry Solutions, Murata Manufacturing Co. Ltd., Nedap NV, Oracle Corp., Quake Global Inc., RF Code Inc., RFID4U, RMS Omega Technologies, SIGMA Chemnitz GmbH, SmartX Technology Inc., Terso Solutions Inc., and TIBCO Software Inc.

 

Market Driver

RFID middleware plays a crucial role in smart stores by facilitating communication between RFID readers and other systems. With the increasing adoption of RFID technology in retail establishments, such as Amazon and Walmart, the demand for RFID middleware is expected to grow significantly. This software enables seamless data exchange, enhancing inventory management, and improving overall operational efficiency in smart stores. 

The RFID middleware market is experiencing significant growth due to the increasing adoption of RFID technology in various industries. This technology enables automatic data collection and real-time inventory management, leading to improved efficiency and accuracy.

The market is driven by the need for seamless integration of RFID systems with enterprise applications and the requirement for scalability and flexibility. Additionally, the trend towards cloud-based solutions and the increasing use of AI and machine learning in RFID systems are expected to further fuel market growth. Overall, the RFID middleware market is poised for continued expansion as businesses seek to optimize their operations and enhance their supply chain management capabilities. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

RFID middleware plays a crucial role in RFID systems by managing and monitoring data and devices. It decodes signals from RFID readers and provides analysis to end-users. Data security is a significant challenge in the RFID market, with threats such as clone tags and unauthorized readers. Due to these concerns, RFID middleware must ensure data encryption and filtering to protect sensitive information. Vendors aim to address these issues and expand into financial applications and card systems.The RFID middleware market faces several challenges in implementing and integrating RFID technology. Cash flows and costs are significant considerations, as RFID systems require substantial investment for hardware, software, and maintenance. Interoperability issues persist, as different RFID systems may not communicate effectively with each other.Additionally, ensuring data security and privacy is crucial, as RFID tags can store sensitive information. Furthermore, real-time data processing and analysis can be complex, requiring advanced analytics capabilities. Lastly, ensuring regulatory compliance, particularly in industries like healthcare and logistics, is essential. Addressing these challenges will be key to the growth and success of the RFID middleware market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Deployment 1.1 On-premise1.2 CloudEnd-user 2.1 Industrial2.2 Transportation and Logistics2.3 Retail2.4 Healthcare2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 On-premise- RFID middleware’s on-premises segment is crucial in the global market due to enhanced security and control over data and infrastructure. This segment reduces data breach risks and ensures faster response times for industries with high transaction volumes. Customizable and scalable, on-premises RFID middleware integrates with ERP and WMS systems, providing real-time inventory visibility and streamlined operations. These advantages are expected to boost the on-premises segment’s growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The RFID middleware market plays a crucial role in the seamless integration and communication between various RFID components in applications such as inventory management and vehicle identification. RFID middleware facilitates the automatic identification process by translating and managing data from RFID tags and transponders, enabling real-time data exchange between RFID readers and databases.

In the context of toll collection systems, RFID middleware ensures efficient toll deduction processes by transmitting unique identification information to the database for registered vehicles upon passing through entry/exit lanes or toll booths.

The RFID system’s architecture relies on radio frequency signals emitted by RFID tags, which are read by RFID readers and processed by the middleware for further analysis and action. The use of RFID middleware reduces manual involvement, ensuring safety and minimizing traffic congestion at physical toll booths.

Market Research Overview

The RFID middleware market refers to the software solutions that enable communication and data exchange between RFID readers and other systems. These middleware solutions provide real-time visibility into inventory and asset movements, enabling efficient supply chain management and operational improvements.

They offer features such as data normalization, filtering, and translation, ensuring seamless integration with enterprise applications.

RFID middleware supports various communication protocols and RFID technologies, making it a versatile solution for various industries, including manufacturing, healthcare, retail, and logistics. The market for RFID middleware is expected to grow significantly due to the increasing adoption of RFID technology and the need for real-time data processing and analysis.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloudEnd-userIndustrialTransportation And LogisticsRetailHealthcareOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/rfid-middleware-market-size-is-set-to-grow-by-usd-3-24-billion-from-2024-2028–growing-popularity-of-cloud-based-rfid-middleware-among-smes-boost-the-market-technavio-302172459.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Supreme Court Justice Michelle O’Bonsawin Joins Elementary Students for Live Virtual Q&A and Chapter One Storybook Reading on Sep. 24

Published

on

By

The Honourable Justice Michelle O’Bonsawin, the first Indigenous person appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A on September 24, from 1:00-2:15 pm ET, following a reading of the children’s storybook, “Daanis the Judge.” This event is hosted by Chapter One, a children’s literacy charity, to commemorate the National Day for Truth and Reconciliation. Lawyer Victoria Perrie, writer of “Daanis the Judge,” will read aloud the inspiring story, which is based on Justice O’Bonsawin’s remarkable journey. Illustrator EJ Miller-Larson will join Justice O’Bonsawin and Perrie in a moderated Q&A session with over 1900 elementary students.

TORONTO, Sept. 21, 2024 /PRNewswire-PRWeb/ — The Honourable Justice Michelle O’Bonsawin, the first Indigenous person to be appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A following a live online reading of the original children’s storybook “Daanis the Judge,” on September 24, from 1:00-2:15 pm ET. The event will be hosted by Chapter One to mark the National Day for Truth and Reconciliation. Chapter One is a children’s literacy charity that provides 1:1 high-impact reading tutoring and co-creates original storybooks with participating communities nationwide.

“I am very humbled and proud to be a part of the book, “Daanis the Judge.” My hope is that this book will inspire youth to dream big and know that anything is possible. I am evidence of that!” – Justice Michelle O’Bonsawin

Métis-Cree lawyer Victoria Perrie, who wrote “Daanis the Judge,” will lead the live reading. Students will ask questions during a moderated Q&A with Justice O’Bonsawin, Perrie, and illustrator EJ Miller-Larson, of the Fond du Lac Band and Oneida Nation.

“Daanis the Judge” was inspired by Justice O’Bonsawin’s trailblazing career. It tells the story of a young student, Daanis, who dreams of becoming a judge after learning about Justice O’Bonsawin’s achievements.

The story is part of Chapter One’s growing collection of original children’s e-storybooks, co-created with Indigenous writers, illustrators and communities. The e-storybooks celebrate Indigenous experiences and perspectives, and feature audio clips of Elders pronouncing foundational words in their communities’ first languages. All e-storybooks are provided for free through the Global Free Library.

About Chapter One

Chapter One (chapterone.org/ca) is a global nonprofit and registered Canadian charity that provides one-on-one early literacy tutoring programs to 2,300 children in eight provinces and territories across Canada. Its proven “short burst” high-impact tutoring approach—five-minute sessions, three to five times a week—is ideally suited to young children’s attention spans and aligns with the Science of Reading. In one of the largest randomized control trials conducted on early literacy instruction, researchers from Stanford University found that 7 out of 10 students receiving Chapter One high impact tutoring achieved phonics benchmarks by the end of Kindergarten, compared to 32% in the control group.

Children at risk of reading failure receive 1:1 reading support from trained, paid paraprofessional tutors through Chapter One’s online reading platform and custom software. Programs are delivered in-person and virtually in classrooms through agreements with schools and school boards, and at home on families’ smartphones, connecting struggling readers with individualized reading support—regardless of location and circumstance, even in some of the most geographically remote communities in Canada.

In addition to its tutoring programs, Chapter One collaborates with Indigenous communities to co-create children’s stories that represent the communities’ priorities and experiences and advance language revitalization efforts. The e-storybooks are provided for free online, as part of the Global Free Library.

Event details

The Live Virtual Q&A and Reading of “Daanis the Judge” with the Honourable Justice O’Bonsawin takes place on Tuesday, September 24, from 1:00-2:15 pm ET via Zoom. The event is open to elementary classes (Grades 1-6). Teachers/principals must register their classes in advance using this link.

Media Contact

Denise Orosa, Chapter One Canada, 1 4374224825, denise.orosa@chapterone.org, chapterone.org/ca

View original content to download multimedia:https://www.prweb.com/releases/supreme-court-justice-michelle-obonsawin-joins-elementary-students-for-live-virtual-qa-and-chapter-one-storybook-reading-on-sep-24-302254639.html

SOURCE Chapter One Canada

Continue Reading

Technology

PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

Published

on

By

24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

Continue Reading

Technology

Global Times: China opens 12 nuclear research facilities to global scientists

Published

on

By

The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

View original content:https://www.prnewswire.com/news-releases/global-times-china-opens-12-nuclear-research-facilities-to-global-scientists-302254830.html

SOURCE Global Times

Continue Reading

Trending