LONDON, May 19, 2016 /PRNewswire/ -- Global RFID Sensors Market—Shift toward Smart Business Models will Generate Demand for Real-time Condition Monitoring : RFID Sensors are the Key to Providing Businesses with Real-time Location and Condition Information
As businesses worldwide are moving toward smart models with increased connectivity and cloud and IoT applications, the role of RFID and RFID sensors has become all the more important. This market insight highlights the current application areas of RFID sensors across various vertical markets such as smart agriculture, smart manufacturing, and smart healthcare. In addition, it also highlights growth opportunities and future growth markets.
-The Internet of Things (IoT) is set to lead to the rise of connected devices globally. By 2020, there are likely to be over billion Internet users and billion connected devices worldwide.
- Because of rising urbanization and economic development, smart cities would create huge business opportunities of more than a trillion dollars by 2020.
- Healthcare is expected to transform into smart healthcare, which would focus on personalized medical care and wellness.
- Factory automation requires real-time data. Real-time process monitoring reduces waste and improves efficiency. The ability to optimize resources, both energy and workforce, is greatly increased when data can be accessed remotely. Asset tracking and workforce mobility are expected to fuel adoption for the RFID sensors and IoT market.
- Cloud-based RFID solutions are likely to play a pivotal role. There are high growth opportunities for RFID software participants. In addition, combining Big Data with RFID middleware and software would be a key trend.
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