According to a new report, published by KBV research, The Global Data Center RFID Market size is expected to reach $5.5 billion by 2030, rising at a market growth of 23.8% CAGR during the forecast period.
The Hardware segment is leading the Global Data Center RFID Market by Component in 2022; thereby, achieving a market value of $3.7 billion by 2030. The increasing demand for hardware components in the data center RFID market reflects the industry's recognition of RFID technology's value in addressing operational challenges, enhancing security, and improving efficiency within data center environments. As technology evolves and data centers strive for more advanced asset tracking and management solutions, the demand for innovative and reliable RFID hardware will continue growing.
The Lifecycle Management segment is experiencing a CAGR of 24.9% during (2023 - 2030). The increasing demand for RFID-enabled lifecycle management solutions in the data center RFID market aligns with the need for efficient asset utilization, regulatory compliance, risk mitigation, and cost-effective management practices. These solutions are pivotal in optimizing asset lifecycles, enhancing operational efficiency, and ensuring the longevity of data center equipment.
Full Report: https://www.kbvresearch.com/data-center-rfid-market/
The North America region dominated the Global Data Center RFID Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2 billion by 2030. The Europe region is anticipating a CAGR of 23.4% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 24.7% during (2023 - 2030).
By Component
By Application
By Geography
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