Data Center RFID Market

Global Data Center RFID Market is valued at USD 1.3 Billion in 2021 and is expected to reach USD 10.78 Billion by 2028 with a CAGR of 35.29% over the forecast period.

Global Data Center RFID Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The increased requirement for efficient management of data center resources, the growing adoption of data center automation, and the rising number of data centers are some of the major factors driving the growth of the Global Data Center RFID Market.

Scope of Global Data Center RFID Market

A data center is a computer system facility that stores applications and information that are critical to the success of business organizations. Data centers are integrated within organizations to provide trusted, timely, and secure information. Currently, network operators are under constant pressure to improve data center asset security while also ensuring optimal resource utilization. As a result, they are incorporating different technologies, such as radio-frequency identification (RFID), to track critical assets such as routers, servers, and other IT assets.

RFID technology reduces human error and inefficiency, lowers costs and complexity, and increases control and flexibility. RFID enables businesses to collect and identify a variety of data center asset metrics. They also help to improve operational efficiency and inventory accuracy. RFID tags can be used for a variety of assets, including switches, servers, and storage devices.  RFID for data center solutions includes tags (passive or active tags), antennas, readers, and software.

The onset  of COVID-19 has had a significant impact on the growth rate of the data center RFID market in 2020. However, due to an increase in demand for real-time inventory tracking solutions worldwide, this market has seen relatively rapid growth. In contrast, the market was mainly impacted by several barriers imposed in the manufacturing, retail, and logistics industries as a result of the COVID-19 pandemic, such as the availability of trained professionals to install RFID solutions. As a result, there was less demand for the market.

The global Data Center RFID market is segmented based on the data center type, solutions, services, end-use, and region & country level. Based on data centers, the global Data Center RFID market is segmented into enterprise data centers, mid-sized data centers, and large data centers. By solutions, the market is segmented into tags, readers, software, antennas, and others. By services, the global Data Center RFID market is segmented into professional services and integration services. By end-use, the global Data Center RFID market is segmented into government & defense, BFSI, healthcare, IT & telecom, retail, and others.

The regions covered in the global Data Center RFID market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Data Center RFID is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global Data Center RFID Market Segmentation

By Offering:

• Services
• Solutions

By Security Type:

• Cloud Security
• Application Security
• Network Security
• Endpoint Security

By Threat Type:

• Distributed Denial of Service (DDoS)
• Ransomware
• Phishing & Spear Phishing
• Malware & Spyware
• Others

By Solution:

• Identity & Access Management
• Security Information & Event Management
• Risk & Compliance Management
• DDoS Mitigation
• Antivirus & Antimalware
• Intrusion Detection System/ Intrusion Prevention System
• Others

By End-User:

• Hospitals
• Healthcare Payers
• Pharmaceutical & Biotechnology Industries
• Others

Key Players of Global Data Center RFID Market

Some major key players for the global Data Center RFID market report cover prominent players like

• IBM
• Hewlett-Packard
• GAO RFID Inc
• Avery Dennison
• RF Code
• Impinj
• Zebra Technologies Corporation
• Omni-ID
• Invengo Information Technology
• Alien Technology Corporation.

News

Axzon Improves IT Asset Tracking by Adding Battery-Free Temperature, Wireless, and Leak Detection Capabilities

On June 14^th, 2022; Axzon expanded its range of smart passive detecting solutions for data centers by boosting RFID asset tracking processes with real-time temperature and leak sensing monitoring.

SML Launches Its First RFID Technology Center in Hong Kong

On May 11^th, 2022; SML Group, a global leading digital identification technology, and solutions supplier, announced the opening of its Technology Innovation Development Center ("TIDC"), a first-in-Hong Kong RFID inlay R&D center and production hub. The new center is part of SML's long-term corporate strategy plans to build the technology ecosystem needed to power progressively global operations involving a growing pool of customers as they transition to a digital world with every item tagged with a user Id across markets.

The increased requirement for efficient management of data center resources, the growing adoption of data center automation, and the rising number of data centers are some of the major factors driving the growth of the Global Data Center RFID Market  

Staffers and data center supervisors are adopting technological innovations to enhance the safety of their IT assets, boost compliance requirements, improve audit processes, and decrease the costs associated with IT asset management as pressure mounts on the IT industry. Due to the associated costs of mechanical tracking inventory and the ineffectiveness of inventory consolidation, data centers are turning more and more to RFID to decrease costs, enhance inventory accuracy, and enhance operational efficiency. RFID is quickly becoming the preferred technology for streamlining these functions. 

RFID tags and other strategies help to improve data center asset management. This is propelling the global data center RFID market forward. Furthermore, these solutions help to increase productivity and efficiency by reducing manual labor, which can be used for other critical tasks in an organization. As a result, the enhanced need for better resource planning with higher productivity is collectively driving the global data center RFID market.

Massive amounts of data are currently being generated as a result of the Internet of Things (IoT), driving the demand for data centers. As the number of centers is expected to increase over the forecast period, there will be plenty of opportunities for RFID technology to be integrated within data centers.

Data centers contain expensive, mission-critical assets that must be tracked. Tracking data center assets assists in organizing them and lowering operational costs. Furthermore, manual tracking is costly, and inventory consolidation can be time-consuming and inefficient. As a result, a growing number of data centers are starting to turn to RFID technology to cut costs, improve inventory accuracy, and boost operational efficiency.

North America is Expected to Capture a Major Share in the Global Data Center RFID Market

North America dominated the market over the forecast duration. This is attributed to the prevalence of key data center vendors such as Hewlett-Packard Inc., Cisco System, Inc., CyrusOne, and EMC Corporation. Furthermore, the incorporation of data center RFID and data centers is a major factor driving the region's future growth. Furthermore, the growing amount of data generated in the region from multiple industries, enterprises, and social networking platforms, among others, is a primary factor influencing the data center market, which in turn drives the global data center RFID market.

The market in Asia-Pacific region is anticipated to grow at a considerable rate due to the fast adoption of advanced technology and digitalization in the region is increasing demand for information centers, resulting in regional market growth. Furthermore, the growing number of social platform users and large volumes of information generated by enterprises, particularly in the BFSI industry vertical, which necessitates a safe storage system, are driving the market growth. The number of data centers is expected to grow significantly in the coming years, necessitating the use of RFID to manage the assets of the data center, which is expected to drive the market in the region.

By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 1.3 Billion
Base year considered	2021
Forecast Period CAGR %:	35.29%
Market Size Expected in 2028:	USD 10.78 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	IBM, Hewlett-Packard, GAO RFID Inc., Avery Dennison, RF Code, Impinj, Inc., Zebra Technologies Corporation, Omni-ID, Ltd., Invengo Information Technology Co., Ltd., and Alien Technology Corporation.
Segments Covered	By Offering, By Security Type, By Threat Type, By Solution, By End-User.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa