Global Rfid Readers Market Size, Growth, Consumer and Market Insights 2016-2020

Global RFID Readers Market Share and Size Report 2020 by
Radiant Insights
Market outlook of the global RFID readers market
RFID readers play a critical role in inventory management and are finding tremendous response in many big stores,
supermarkets, hypermarkets, and apparel stores. This market research report by Technavio emphasizes on the
involvement of RFID readers in different end-user segments like healthcare, transportation, and retail. The
increasing incorporation of RFID readers in these segments is expected to result in its impressive market growth
rate of more than 21% by 2020.
The ability of RFID readers to reduce errors pertaining to data entry is a key driver for the growth of this market.
With the introduction of RFID and barcode systems firms are able to record and recognize data entries
automatically with more precision. It not only helps in the automation of data entries but also corrects warehouse
errors. The ability of these readers to facilitate the efficient tracking of assets is a significant factor that is expected
to foster its adoption during the forecast period.
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End-user segmentation of the RFID readers market
• Retail
• Transportation
• Logistics
• Manufacturing
Technavio's market research analyst estimates the retail segment to retain its dominating hold over the market by
2020. The growing need to improve inefficiencies in the supply chain is a critical factor that results in this
segment's high market share of nearly 58% by 2020.
Geographical segmentation of the RFID readers market
• Americas
In this market research, analysts estimate the Americas to account for an impressive market share of more than
51% by 2020. The introduction of stringent mandates that necessitates the usage of RFID devices in various sectors
like transportation and healthcare is expected to impel market growth during...