The global radio frequency identification (RFID) market is expected to register substantial growth in the near future, attributed to increase in usage of security & access control applications, requirement of the accurate data unit, and growth in demand for effective store handling. However, factors such as high initial investment cost, damage of sensors, and device interoperability restrain the growth of the radio frequency identification market.

The report segments the radio frequency identification (RFID) market on the basis of component, industry vertical, and geography. On the basis of component, the market is divided into tags, reader, and software. On the basis of industry vertical, the market is classified into transportation, retail, government, healthcare, aerospace & defense, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Comprehensive competitive analysis and profiles of major market players such as Avery Dennison, Alien Technology, Applied Wireless RFID, CAEN RFID, Checkpoint Systems, Inc., Impinj, Inc., Invengo Technology Pte. Ltd., Honeywell International Inc., Motorola Solutions, and Savi Technology are also provided in this report.

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Segmental analysis of the market is provided in both qualitative and quantitative aspects. This aids the clients in identifying the most lucrative segment to go on with investments, on the basis of a complete backend analysis concerning the segmental presentation, coupled with brief salutation of the operating organizations and their important developmental activities.

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The report provides a detailed analysis of key market players operating in the global market. They adopted numerous strategies such as new product launches, collaborations, business expansion, partnerships, mergers and acquisitions, joint ventures, and more in order to stay competitive in the market.

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