Radio Frequency Identification in Retail Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 17.3 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global Radio Frequency Identification (RFID) market in retail was valued at approximately USD 13.4 billion in 2022. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 14.8% from 2023 to 2030. The expansion of RFID technology in the retail sector is driven by the increasing demand for improved inventory management, enhanced supply chain visibility, and streamlined operations. RFID systems are becoming integral for retailers aiming to enhance operational efficiency and customer experience through real-time tracking and data analytics. The market's growth is supported by technological advancements in RFID hardware and software, alongside the growing adoption of automation in retail environments.
Opportunity analysis reveals significant potential in emerging markets, where the adoption of RFID technology is expected to accelerate due to increasing retail investments and expanding consumer bases. Developing regions are witnessing a rise in retail infrastructure development and modernization efforts, creating a fertile ground for RFID solutions. Opportunities also lie in integrating RFID with other technologies such as IoT and AI to offer comprehensive retail solutions. The increasing focus on omnichannel retailing and the need for robust data security and analytics further boost the market prospects for RFID in retail. These trends are likely to drive substantial growth in both developed and emerging markets over the coming years.
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Zebra Technologies
Alien Technology
Avery Dennison
Impinj
SML RFID
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Radio Frequency Identification in Retail Market
Supermarket
Department Store
Other
Based on Types the Market is categorized into Below types that held the largest Radio Frequency Identification in Retail market share In 2023.
Consumers
Merchants
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Radio Frequency Identification in Retail Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Radio Frequency Identification in Retail Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Radio Frequency Identification in Retail Market, By Type
6. Global Radio Frequency Identification in Retail Market, By Application
7. Global Radio Frequency Identification in Retail Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Radio Frequency Identification in Retail Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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