NEW YORK, Aug. 15, 2021 /PRNewswire/ -- The RFID market will register an incremental spend of about USD 5.89 Billion, growing at a CAGR of 9.74% during the five-year forecast period. A targeted strategic approach to RFID can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic.
Insights into buyer strategies and tactical negotiation levers: Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for the RFID market. The report also aids buyers with relevant RFID pricing levels, pros, and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.
Key Drivers and Trends Fueling Market Growth: The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.
Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 3.00%-5.00%.
Identify favorable opportunities in RFID TCO (total cost of ownership).
Expected changes in price forecast and factors driving the current and future price changes.
Identify pricing models that offer the most rewarding opportunities.
Some of the top RFID suppliers listed in this report: This RFID procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
HID Global Corp.
GAO RFID Inc.
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