RFID Portals For Doorways and Corridors Market Size, Share &...

RFID Portals For Doorways and Corridors Market Size, Share & Trends 2030

Posted 2024-04-19 10:41:47

RFID Portals For Doorways and Corridors Market

The global market for RFID portals for doorways and corridors was estimated to be worth USD 1356.94 million in 2022 and is expected to grow to USD 2634.19 million by the end of 2030, according to a Zion Market Research analysis. Over the course of the projection period, the market is anticipated to expand at a CAGR of 8.82%. The study examines the factors that will propel, impede, and affect demand for RFID portals for doorways and corridors globally throughout the course of the projected period. Additionally, it will support exploration and navigation of the emerging potential in the RFID Portals for Doorways and Corridors sector.

Global RFID Portals For Doorways and Corridors Market: Overview

Asset tracking is crucial in many different businesses. The RFID portal placed in front of doors and hallways acts as a choke point for moving objects. RFID tags are attached to the objects being moved, therefore every asset movement is fully tracked. The industries make sure that every asset they own is tagged.

RFID Portals For Doorways and Corridors Market

Get a Free Sample : https://www.zionmarketresearch.com/sample/rfid-portals-for-doorways-corridors-market

Global RFID Portals For Doorways and Corridors Market: Segmentation

Globally, the market for RFID portals for doors and hallways is divided into segments based on the RFID type and application. Offices and commercial buildings, tracking of assets and IT equipment, government institutions and organizations, universities and education institutions, banks and financial institutions, events, exhibitions, and trade show management, retail and commercial, hospitals and healthcare, banks and financial institutions, telecommunications, data centers, fashion, apparel & textile, and hotels and hospitality solutions are the segments of the global market that are divided based on application. The market is segmented into high frequency and near field communication, dual frequency, ultra-high frequency, and low frequency segments based on the type of RFID.

Global RFID Portals For Doorways and Corridors Market: Growth Factors

The primary driver of the market for RFID portals for doorways and corridors is the superior tracking management that RFID tags technology offers. Monitoring the tools and assets has been a big concern because any kind of poor management results in the loss of crucial tools, which costs the company money. The market is expanding as a result of the adoption of RFID portals for doors and corridors for asset tracking by various end-user industries. RFID gateways for doors and hallways are used in the IT industry for maintaining the security of data centers and tangible file storage. When an asset's embedded RFID tags are scanned, they deter theft and preserve all of the asset's moving data. Each of these elements is fueling the expansion.

Global RFID Portals For Doorways and Corridors Market: Regional Analysis

Geographically speaking, the world market for RFID portals for entrances and corridors is divided into several areas, including North America, Asia-Pacific, Western and Eastern Europe, the Middle East and Africa, and Latin America. RFID portals for entrances are expected to hold the biggest market share globally since end-user sectors including manufacturing and hospitality have high demand for them. North America is the region with the largest market share for RFID portals for doors and corridors. The rise of the industrial and IT industries, which has made it easier for them to manage their tools and track their assets, is a component in this growth. Due to its growing application, Western Europe's market is expected to rise significantly in the upcoming years.

Directly Purchase a copy of the report with TOC : https://www.zionmarketresearch.com/toc/rfid-portals-for-doorways-corridors-market