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Global Intelligent RFID Platform Market 2017-2021

Global Intelligent RFID Platform Market 2017-2021

About Intelligent RFID Platform

An intelligent RFID platform is basically a part of RFID middleware that enables the development and deployment of RFID systems. The intelligent RFID platform absorbs differences in different RFID tags from multiple suppliers. It then integrates the data to build scalable and flexible RFID solutions. The intelligent RFID platform has tools for monitoring and maintaining RFID systems. An RFID system is a wireless technology that uses radio waves for gathering data from a tag attached to an object. It is used for purposes such as tracking and automatic identification of objects.

Technavio’s analysts forecast the global intelligent RFID platform market to grow at a CAGR of 26.25% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global intelligent RFID platform market for 2017-2021. To calculate the market size, the report provides an exhaustive list of vendors that are active in producing intelligent RFID platform solutions.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Intelligent RFID Platform Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Advantech
  • Impinj
  • Terso Solutions
  • Tyro Retail Solutions
Other prominent vendors
  • Alien Technology
  • Checkpoint Systems
  • Globe Ranger
  • InSync Software
  • RFID4U
  • Software AG
  • Tellago
  • TIBCO Software
Market driver
  • Error reduction in data entry and increase in need for security.
  • For a full, detailed list, view our report
Market challenge
  • Recruitment for high initial investment.
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of smart factories.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Intelligent RFID Platform Market 2017-2021

Technavio recognizes the following companies as the key players in the global intelligent RFID platform market: Advantech, Impinj, Terso Solutions, and Tyro Retail Solutions.

Other Prominent Vendors in the market are: Alien Technology, Checkpoint Systems, Globe Ranger, InSync Software, RFID4U, Software AG, Tellago, and TIBCO Software.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is cloud-based RFID solutions. Technological advances have bolstered the integration of RFID technology in industries like transportation, aerospace, IT, and logistics. However, the adoption of intelligent RFID platform solutions is limited in small and medium-sized retail chains or stores. This is due to the technology's high IT infrastructure requirements for database, servers, and inter-/intra-network. These requirements also add to the high deployment and implementation costs. The cloud-based RFID solutions offered by different RFID solution providers, such as Terso Solutions, Tellago, and Nedap, have helped small and medium-sized retailers to avail RFID system benefits, as they eliminate the initial procurement cost of servers.”

According to the report, one driver in market is error reduction in data entry and increase in need for security. Data entry was initially a manual process. It was time consuming and had a high error rate. The introduction of RFID technology and barcode systems helps firms record and recognize data entries automatically and with more precision. It also corrects warehouse errors such as picking up a wrong quantity or item for a different order. In industries, such as manufacturing, logistics, and warehousing, keeping track of the inventory produced, stock in or stock out, or even keeping track of where the asset has moved in the department (during the production stage) is very important. A simple error in data entry can lead to a big loss. Time is also consumed in the rectification of the error. The implementation of RFID technology and barcode system in data management has eliminated such errors and improved the overall process. Information can be collected digitally in the form of a serial number, price, or count.

Further, the report states that one challenge in market is requirement for high initial investment. A major challenge in the global intelligent RFID platform market is the high initial investment required for the deployment of RFID devices. This prevents the adoption of RFIDs by SMEs. The advantages of RFID technology are known to all end-users. However, its high cost deters its market growth. Most UHF readers (includes integrated intelligent RFID platform solutions) cost between $500 and $2,000 (excludes the antenna charges). The HF and LF RFID readers cost between $100 and $750. The average selling price (ASP) of RFID devices will decline during the forecast period, with vendors achieving economies of scale and increasing competition. This will allow RFID devices to become more affordable to all the end-user segments. Vendors should aggressively market RFID devices and its benefits to end-users. This strategy will encourage vendors to bear the initial investment costs that are required for the deployment of RFID devices.

Companies Mentioned

Advantech, Impinj, Terso Solutions, Tyro Retail Solutions, Alien Technology, Checkpoint Systems, Globe Ranger, InSync Software, RFID4U, Software AG, Tellago, TIBCO Software.

  • Executive summary
  • Scope of the report
    • Market overview
    • Definitions
      • Table List of countries in key regions
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Supply chain for RFID systems
      • Table Standards for RFID technology implementation
      • Table Major regulatory bodies for setting RFID standards
  • Technology landscape
    • Table RFID system architecture
    • Table RFID system architecture in SCM
    • Table RFID middleware architecture
    • Components of RFID systems
      • Table Functional classification of RFID tags
      • Table Operating frequencies of a passive RFID tag
      • Table Comparison between active and passive RFID tags
      • Table Revenue contribution by RFID products 2016
      • Table Factors considered while selecting a passive RFID tag
    • Difference between NFC, RFID/EPC tag, and traditional barcode
      • Table RFID operating frequency ranges
      • Table Differences between HF RFID and NFC
      • Table Uses of NFC and RFID
      • Table Types of barcodes
      • Table Differences between HF RFID and barcode
    • RFID cost structure
      • Table Cost analysis of RFID systems
  • Industry overview
    • Global RFID market
      • Table Global RFID market ($ billions)
      • Table Global RFID market by end-user 2016
  • Market landscape
    • Market overview
      • Table Global intelligent RFID platform market overview
    • Market size and forecast
      • Table Global intelligent RFID platform market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global intelligent RFID platform market by application 2016-2021
    • Table Global intelligent RFID platform market by application ($ billions)
    • Application management
    • Data management
    • Device management
  • Geographical segmentation
    • Table Global intelligent RFID platform market by geography 2016 (% share)
    • Table Global intelligent RFID platform market by geography 2016-2021 (% share)
    • Table Global intelligent RFID platform market by geography 2016-2021 ($ billions)
    • Intelligent RFID platform market in Americas
      • Table Intelligent RFID platform market in Americas 2016-2021 ($ billions)
    • Intelligent RFID platform market in EMEA
      • Table Intelligent RFID platform market in EMEA 2016-2021 ($ billions)
    • Intelligent RFID platform market in APAC
      • Table Intelligent RFID platform market in APAC 2016-2021 ($ billions)
  • Market drivers
    • Inventory management
    • Error reduction in data entry and increase in need for security
    • Rise of omnichannel retailing
      • Table Omnichannel benefits of RFID for customers
      • Table Omnichannel benefits of RFID for retailers
    • Supply chain inefficiencies
      • Table Traditional retail supply chain
      • Table Retail e-commerce supply chain
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Data security
    • Requirement for high initial investment
    • Consumer privacy
      • Table Consumer privacy counter-steps
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of smart factories
    • Cloud-based RFID solutions
      • Table Benefits of cloud-based architecture
    • Rapid technological advances
    • Increased R&D spending by vendors
  • Vendor landscape
    • Competitive scenario
    • Key vendors
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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