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RFID Reader Market to Reach $22.46 Bn, Globally, by 2026 at 9.8% CAGR: Allied Market ResearchPORTLAND, Oregon, March 23, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "RFID Reader Market by Product Type (Handheld RFID Reader and Fixed RFID Reader), Frequency Band (Low Frequency, High Frequency, and Ultra-High Frequency), and Industry Vertical (Transportation & Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, and Government): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global RFID reader industry garnered $8.87 billion in 2018, and is estimated to reach $22.46 billion by 2026, growing at a CAGR of 9.8% from 2019 to 2026.  Drivers, restraints, and opportunities- Rise in adoption in businesses to track inventory and equipment, robust security, and ability to read from greater distance even in harsh environment fuel the growth of the global RFID reader market. On the other hand, tag collision, and high initial investment related to manufacturing impede the growth to some extent. However, increase in penetration of RFID sensors in various applications is expected to create multiple opportunities in the near future. Download Report Sample: https://www.alliedmarketresearch.com/request-sample/6410 The handheld RFID readers segment to lead the trail by 2026- Based on product, the handheld RFID readers segment contributed to more than three-fifths of the global RFID reader market share in 2018, and is expected to dominate throughout the forecast period. This is due rise in adoption of RFID tag and increase in need for mobility for RFID readers. In addition, the surge in demand for handheld RFID readers in automotive and manufacturing industry fuels the growth of the segment. On the other hand, the fixed RFID reader segment is expected to register the fastest CAGR of 22.6% from 2019 to 2026. This is attributed to the factors such as supply asset management, utilization and work-in-process (WIP) tracking, chain efficiency, improve in maintenance tracking, and drive efficient logistics. The ultra-high frequency (UHF) (860 MHz to 960 MHz) segment held the largest share in 2018- Based on type, the ultra-high frequency (UHF) (860 MHz to 960 MHz) segment accounted for more than two-fifths of the global RFID reader market revenue in 2018, and is anticipated to retain its dominance during 2019–2026. Simultaneously, the high frequency (13.56 MHz) segment is anticipated to register the fastest CAGR of 14.7% by the end of 2026. This is due to the increase in demand for the high frequency RFID reader, because of its features like patient flow tracking, ticketing, tracking library books, and data transfer applications. North America to rule the roost in terms of revenue- Enquire for Discount: https://www.alliedmarketresearch.com/purchase-enquiry/6410 Leading market players-
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Similar Reports: RFID Sensor Market - Global Opportunities Analysis and Industry Forecast, 2018-2026 Speech Recognition Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 AR/VR Chip Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 Smart Windows Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 Pre-Book Now with 10% Discount: Chipless RFID Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 2D Barcode Reader Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 Radio Frequency Identification (RFID) Smart Label Market - Opportunities and Forecasts, 2020-2027 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact:
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