Thriving E-Commerce and Retail Sectors Boost Demand Opportunities for Radiofrequency identification (RFID) Tags Market Players: TMR

Thriving E-Commerce and Retail Sectors Boost Demand Opportunities for Radiofrequency identification (RFID) Tags Market Players: TMR

PR Newswire

ALBANY, N.Y, Nov. 12, 2020

Global RFID tags market is estimated to show substantial growth and reach to US$ 29.4 Bn by 2030. Increased focus of several industry leaders to improve the efficiency of their products is key factor driving market growth.

 - Asia Pacific RFID tags market is foreseen to grow at promising pace during assessment period.

ALBANY, N.Y, Nov. 12, 2020 /PRNewswire/ -- Radiofrequency identification (RFID) tags technology is widely utilized for automated identification of objects, people, materials, and animals. From past few years, this technology is gaining traction across various end-use industries worldwide. One of the key reasons attributed to scenario is ability of these products to various advantages such as low power requirement, location assistance, and flexibility.

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RFID tags find application in various industrial sectors such as construction, oil and gas, retail, port management, and e-Commerce. This wide range of application shows that the global RFID tags market will expand at rapid pace during the forecast period of 2020 to 2030.

Analysts at TMR largely concur that the global RFID tags market is likely to show growth at stupendous speed on the back of plethora of factors. Some of the important factors fueling market growth include thriving retail and e-Commerce sectors in developed as well as developing countries, growing use of RFID tags in various industrial sectors, and technological advancements in this sector.

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Key Findings of RFID Tags Market Report

Explore 238 pages of top-notch research, incisive insights, and detailed country-level projections on RFID Tags Market (Type: Active RFID Tags and Passive RFID Tags; Form Factor: Labels, Cards, Fobs, Hard Tags, and Others; and Application: Retail & Wholesale, Agriculture, Healthcare/Medical, BFSI, Transportation & Logistics, Education, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/rfid-tags-market.html

RFID Tags Market: Key Driving Factors and Promising Avenues

Analyze global RFID tags market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

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RFID Tags Market: Competitive Assessment

The RFID tags market can be segmented as follows:

Type

Form Factor

Application

Region

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