Global RFID Market for Retail Applications to 2019 - Inefficiencies in Supply Chains is a Key Market Driver of the Industry

04 Nov, 2015, 10:10 ET from Research and Markets

DUBLIN, Nov. 4, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rgd729/global_rfid) has announced the addition of the "Global RFID Market for Retail Applications 2015-2019" report to their offering.

Covered in this report

This report presents a detailed study of the present scenario and growth prospects of the global RFID market for retail applications for the period 2015-2019. To calculate the

market size, the report considers revenue generated by its components, which include interrogators, middleware, and tags.

The emergence of cloud-based SCM systems has provided an opportunity for the software solution-based companies to offer services that include inventory management, goods tracking, data management, and data analysis. The mid-sized retailers are purchasing these solutions as their initial cost of procurement is comparatively lower, transferring the maintenance and upgradation of the software responsibilities to the solution providers. The increase in adoption of UHF RFID tags is another emerging market trend.

According to the report, inefficiencies, for instance, an incorrect data flow and unaccountability of inventory, in the current supply chain model are prompting the retailers to implement the RFID system, thus driving the growth of the market. The complexities in the supply chain have increased because of the adoption of the omni-channel distribution system by the retailers.

Further, the report states that the high cost incurred by the retailers is generally not passed on to the customers and therefore affects the vendors' profit margins at the initial stage. This factor can be detrimental when it comes to the adoption of RFID systems, as a result of which the overall growth of the global RFID market for retail applications will be affected significantly during the forecast period.

Key vendors

  • Alien technologies
  • Avery Dennison
  • Checkpoint systems
  • Impinj
  • Smartrac
  • Tyco Retail Solutions
  • Zebra Technologies

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product type

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Case study

PART 14: Vendor landscape

PART 15: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/rgd729/global_rfid

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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