RFID Readers Market Estimated to Exhibit 12.3% CAGR Through 2027

VALLEY COTTAGE, New York, March 20, 2018 /PRNewswire/ --

Future Market Insights (FMI) has published a new research report titled "Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)." The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands of consumers across the globe.

For instance, in April 2016, Zebra launched RFD8500, which is a multi-operating system. This new product was designed to add high performance RFID and 1D/2D barcode scanning to android and iOS compatible mobile devices. This RFID reader is anticipated to help in adding better data collection capabilities and help in communicating with other host devices to write and read data. Additionally, in January 2017, Zebra launched Zebra SmartSense RFID for application in the retail sector to identify and track the location of the associates, merchandise, and shoppers in a retail store in real time. Some of the other companies operating in the global RFID readers market are Invengo Information Technology Co. Ltd., GAO RFID Inc., Impinj, Alien Technology, Xerox Corporation, Honeywell, and Datalogic.

According to the report, the global RFID readers market is expected to witness a significant CAGR of 12.3% from 2017 to 2027. The market was worth US$ 5545.5 Mn in 2017 and is expected to rise to a valuation of US$ 17,758.8 Mn by the end of the forecast period.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6432   read more

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