Connect with us

Technology

RFID Market to Grow by USD 18.77 Billion (2025-2029), Adoption of Inventory Management Systems Boosts Revenue, AI Driving Market Transformation – Technavio

Published

on

NEW YORK, Jan. 2, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global radio frequency identification (RFID) market  size is estimated to grow by USD 18.77 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  14.6%  during the forecast period. Adoption of inventory management systems is driving market growth, with a trend towards growing use of RFID in data center management. However, data security and consumer privacy issues  poses a challenge. Key market players include Alien Technology LLC, ASSA ABLOY AB, Avery Dennison Corp., CipherLab Co. Ltd., CoreRFID Ltd., CYBRA Corp., Datalogic SpA, eAgile Inc., FEIG ELECTRONIC GmbH, Fujitsu Ltd., GAO RFID Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., Nedap NV, NXP Semiconductors NV, RFID Inc., RFID4U, SATO Holdings Corp., Siemens AG, SML Group Ltd., TIBCO Software Inc., Unitech Computer Co. Ltd., Zebra Technologies Corp., CAEN RFID S.r.L., GAO Group, HID Corporation (US), Invengo Information Technology Co., Ltd. , Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Limited (India), Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), SAG Securitag Assembly Group Co., Ltd. (SAG) (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc. (US), Confidex

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Product (RFID tags, Middleware, Passive RFID systems, and Active RFID systems), End-user (Industrial, Retail, BFSI, Logistics, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa) , Offering, Wafer Size, Tag Type, Frequency, Form Factor, Material, Application

Region Covered

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

Key companies profiled

Alien Technology LLC, ASSA ABLOY AB, Avery Dennison Corp., CipherLab Co. Ltd., CoreRFID Ltd., CYBRA Corp., Datalogic SpA, eAgile Inc., FEIG ELECTRONIC GmbH, Fujitsu Ltd., GAO RFID Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., Nedap NV, NXP Semiconductors NV, RFID Inc., RFID4U, SATO Holdings Corp., Siemens AG, SML Group Ltd., TIBCO Software Inc., Unitech Computer Co. Ltd., Zebra Technologies Corp., CAEN RFID S.r.L., GAO Group, HID Global Corporation (US), Invengo Information Technology Co., Ltd. , Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Limited (India), Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), SAG Securitag Assembly Group Co., Ltd. (SAG) (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc. (US), Confidex

Key Market Trends Fueling Growth

RFID technology plays a significant role in enhancing data center management and asset optimization. In data centers, RFID tags are integrated into servers, routers, switches, and other network equipment for automated management and reduced human error. Meanwhile, in the pharmaceutical industry, RFID smart packaging integrated into sealed caps and closures prevents product tampering, diversion, and counterfeiting, providing item-level intelligence and enhancing market growth. Companies like eAgile Inc. Offer RFID solutions, such as eSeal, for various industries to improve security and efficiency. 

RFID market is experiencing significant growth with various applications in sectors like retail, logistics, healthcare, and manufacturing. The use of RFID technology for inventory management and tracking is on the rise. Markets like China and Europe are showing strong growth in RFID adoption. Companies are investing in RFID solutions for improved efficiency and accuracy. The technology is also being used for contactless payments and access control systems. The future of RFID looks promising with advancements in frequency bands, tag sizes, and reader capabilities. RFID is set to revolutionize industries with its ability to automate processes and enhance productivity. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

•         RFID market growth is hindered by data security and consumer privacy concerns. Without encryption, RFID data can be accessed through tag frequencies. Threats like clone tags, unauthorized riders, and side-channel attacks pose risks. These issues prevent RFID usage in critical applications such as credit and debit cards. Vendors must address these concerns through secure middleware decoding and privacy protections to expand market opportunities.

•         The RFID market faces several challenges in its implementation and growth. Markets like China and Logistics require proper regulation and standardization. Markets such as Manufacturing and Retail require affordable prices and improved technology for wider adoption. Markets like Europe and North America have privacy concerns and security issues that need addressing. Markets like Passive and Real-time require interoperability and scalability solutions. Markets like Tags and Readers need to ensure durability and reliability. Markets like RFID Inventory and RFID Asset require accurate and real-time data for effective management. Markets like RFID Middleware and RFID Software need to provide user-friendly interfaces and seamless integration with existing systems. Markets like RFID Hardware and RFID Services need to ensure compatibility and interoperability with various industries and applications.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This radio frequency identification (rfid) market report extensively covers market segmentation by

Product 1.1 RFID tags1.2 Middleware1.3 Passive RFID systems1.4 Active RFID systemsEnd-user 2.1 Industrial2.2 Retail2.3 BFSI2.4 Logistics2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 RFID tags-  RFID tags, consisting of an antenna and IC, exchange data with readers through radio waves. The market for RFID tags is expanding due to increased demand for access control and material identification. RFID tags enhance operational efficiency, increase asset traceability, and improve reliability. Classified by frequency and technology, LF, HF, and UHF cater to various applications. Active and passive RFID tags function differently based on power sources. Recent advancements, such as SML Group’s new RFID tags using Impinj M700 series chips, offer high performance and reduced costs, contributing to the growth of the RFID market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023) 

Research Analysis

RFID technology plays a significant role in various industries, including manufacturing facilities and warehousing, by enabling efficient inventory management and asset tracking through the use of RFID tags and readers. These small devices emit and receive radio-frequency signals to identify and locate objects. RFID solutions have expanded their applications beyond inventory management, with electronic toll collection systems like FASTag being a notable example. The geographical coverage of RFID technology is vast, with sensor networks and middleware enabling real-time data processing and resource optimization. The integration of 5G technology is expected to further enhance the capabilities of RFID systems, making them more reliable and efficient. RFID transponders and readers are essential components of these systems, with the former containing a microchip and antenna to store and transmit data, while the latter decodes the signals emitted by the tags. Pestle analysis reveals that RFID technology faces challenges such as privacy concerns and high implementation costs but offers benefits like improved accuracy, reduced labor costs, and increased security.

Market Research Overview

The Radio Frequency Identification (RFID) market refers to the global industry dedicated to the production and implementation of RFID technologies. RFID systems utilize radio waves to automatically identify and track objects. These systems consist of tags, readers, and an infrastructure to manage the data. RFID tags contain a microchip and an antenna, allowing them to transmit data to readers when in proximity. The RFID market caters to various sectors, including retail, healthcare, logistics, and manufacturing, among others. RFID solutions offer benefits such as increased efficiency, improved accuracy, and enhanced security. The market is driven by factors like the growing demand for automation and the need for real-time inventory management. Additionally, advancements in RFID technology, such as the integration of NFC and the development of passive tags, are fueling market growth.

Table of Contents:

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

ProductRFID TagsMiddlewarePassive RFID SystemsActive RFID SystemsEnd-userIndustrialRetailBFSILogisticsOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

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-market-to-grow-by-usd-18-77-billion-2025-2029-adoption-of-inventory-management-systems-boosts-revenue-ai-driving-market-transformation—technavio-302340483.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

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

Technology

Palindrome Technologies Approved as Cybersecurity Label Administrator for FCC’s IoT Program

Published

on

By

PRINCETON, N.J., Jan. 6, 2025 /PRNewswire/ — Palindrome Technologies has been conditionally approved as a Cybersecurity Label Administrator (CLA) for the Federal Communications Commission’s (FCC) voluntary Internet of Things (IoT) Cybersecurity Labeling Program.

As a CLA, Palindrome will evaluate and certify IoT products that meet FCC cybersecurity standards.
Qualified products will bear the “U.S. Cyber Trust Mark” label.
This program is designed to incentivize manufacturers to meet higher cybersecurity standards and differentiate trustworthy products in the marketplace, and most importantly, help consumers make informed decisions about the products they use in their homes.

Peter Thermos, Palindrome CEO, stated, “We are honored to support the FCC’s efforts in strengthening IoT security and building consumer trust. Our expertise in security assurance testing of network devices and products positions us well for this role.”

Palindrome will provide manufacturers with:

Streamlined application review and management for FCC IoT Label usage authorization

Assistance with preparation for certification

Guidance throughout the certification process

Testing and certification of IoT products

Awareness and training

The program offers benefits to manufacturers, connected infrastructure, and consumers by raising cybersecurity standards and providing clear information about device security.

For more information, visit the Palindrome Technologies website.

About Palindrome Technologies:
Since 2005, Palindrome Technologies has been a trusted cybersecurity partner to Fortune 500 companies and growing organizations that want to engineer cyber resilience in emerging threat environments. With a focus on excellence, curiosity, and integrity, Palindrome helps clients defend against cyberattacks across all attack surfaces, including hardware, software, network-to-cloud, people, and emerging technologies. 

For inquiries, please contact

john.schelewitz@palindrometech.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/palindrome-technologies-approved-as-cybersecurity-label-administrator-for-fccs-iot-program-302343510.html

SOURCE Palindrome Technologies

Continue Reading

Technology

Home And Office Paper Shredders Market size to increase by USD 1.69 Billion between 2024 to 2029, Market Segmentation by End-user, Product, Geography, Technavio

Published

on

By

NEW YORK, Jan. 6, 2025 /PRNewswire/ — The global home and office paper shredders market size is estimated to grow by USD 1.69 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 9.9% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

End-user 1.1 Commercial1.2 ResidentialProduct 2.1 Cross-cut2.2 Micro-cut2.3 Strip-cutGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

1.1 Fastest growing segment:

The commercial sector’s reliance on paper shredders for document security is significant. Factors such as high shredding volume and frequency, nature of confidential data, and regulatory compliance drive this demand. Paper shredders are essential equipment in offices, providing document security, workspace cleanliness, and waste disposal. Despite the increasing digitization trend, the paper shredder market is witnessing steady growth due to the importance of physical document security in the face of cyber threats. In regions like North America and Europe, where electronic products are prevalent, the paper shredder market continues to expand, ensuring the safe disposal of sensitive documents remains a priority.

Analyst Review

The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents into tiny pieces for secure disposal. With the increasing awareness of data security and environmental protection, the market for these shredding machines has seen significant growth. Bin capacity varies from small portable shredders to industrial-grade models. The shredding process helps protect sensitive data and confidential papers, including personnel records and financial information, from falling into the wrong hands. The carbon footprint of paper shredders is a concern, but advancements in technology are leading to more energy-efficient models. Consumption volumes are high among government agencies, small enterprises, private groups, and individuals. The shutdown of offices and reduction of commerce due to the pandemic have led to an increase in the demand for paper shredders. Smart features and automation, such as sensor systems and volume information, are becoming increasingly popular. The market offers a range of shredding techniques, including strip cut, which ensures thorough destruction of documents.

Market Overview

The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents, sensitive data, and other paper waste. With the increasing concern for data security and environmental protection, the market for paper shredders has seen significant growth. Bin capacity varies from small portable shredders for home use to industrial-grade machines for commercial usage sectors. Paper shredders use different techniques such as Strip Cut, Cross Cut, and Micro Cut to ensure thorough destruction of documents. Consumption volumes are driven by various sectors including government agencies, small enterprises, private groups, and individuals. The market caters to various industries such as banks, financial organizations, healthcare institutions, educational institutions, retailers, customer service industry, and more. The market also includes shredders for CDs, DVDs, loyalty cards, credit cards, and magnetic tapes. With advancements in technology, smart features and automation are becoming increasingly popular, including sensor systems and volume information. The reduction of commerce due to shutdowns and the shift towards soft copy preferences have also influenced the market. The working population and retail networks, as well as online platforms, are significant consumers of paper shredders.

To understand more about this market- Download a FREE Sample Report in minutes!

Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor 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/home-and-office-paper-shredders-market-size-to-increase-by-usd-1-69-billion-between-2024-to-2029–market-segmentation-by-end-user-product-geography-technavio-302342138.html

SOURCE Technavio

Continue Reading

Technology

THADDBOII Releases New Single and Music Video “Lil Baddie”

Published

on

By

LOS ANGELES, Jan. 6, 2025 /PRNewswire/ — Rising music artist and viral sports-comedy creator THADDBOII has officially released his latest single, “Lil Baddie,” along with an accompanying music video that’s guaranteed to captivate audiences. The song embraces a relaxed, fun, and vibey energy, showcasing a different side of his artistry.

“Lil Baddie” is available to stream now on Spotify, Apple Music, and other platforms, with the music video available on YouTube.

The “Lil Baddie” music video takes place at a $40,000,000 Beverly Hills mansion, seen on Selling Sunset, overlooking all of Los Angeles. The stunning visuals, combined with the vibrant energy of the track, capture the essence of carefree moments and good vibes. The video seamlessly merges aspirational imagery with an authentic and approachable charm.

“I wanted ‘Lil Baddie’ to be a track that makes people feel good, something they can vibe to anytime, anywhere,” said THADDBOII. “It’s all about living in the moment, letting your mind ride the beat, and enjoying my catchy and clever lines.”

The single, now available on all major streaming platforms, marks an exciting chapter in THADDBOII’s evolution as a multi-talented artist. With a loyal fanbase of millions across TikTok, YouTube, and Instagram, THADDBOII continues to push creative boundaries, inviting his audience to explore new dimensions of his musical journey.

Watch the “Lil Baddie” music video now on YouTube and stream the song on Spotify, Apple Music, and other platforms. Join the conversation online using #LilBaddie and #THADDBOII.

About THADDBOII
THADDBOII is an influential figure in the digital content creation and social media sphere, as well as a rising music artist. Known for his captivating storytelling and deep expertise in sports analysis, he has garnered a dedicated following of over 6 million fans across TikTok, YouTube, Instagram, and Facebook.

With over 3 billion views on TikTok and more than 1 million subscribers on YouTube, THADDBOII has established himself as a prominent social media figure. Beyond his viral content, he is also the Founder of the Influencer Football League (IFL), a Touch Football tournament that brings together influencers, athletes, musicians, and celebrities for a unique sporting experience.

Driven by a passion for entertainment and a commitment to excellence, THADDBOII continues to inspire and innovate in the digital landscape. His ability to connect with fans and deliver engaging content has solidified his position as a leader in the intersection of sports, entertainment, and social media.

IMAGE DOWNLOAD: https://drive.google.com/file/d/1SC1rAzTIyMQdpJFPa7MjBZEHsJr6WDhy/view 

View original content:https://www.prnewswire.com/news-releases/thaddboii-releases-new-single-and-music-video-lil-baddie-302343522.html

SOURCE THADDBOII

Continue Reading

Trending