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RFID Readers Market to Surpass 21% Growth to 2020 Dominated by Retail Sector

The market for RFID readers is largely untapped, providing a huge opportunity for vendors. Vendors invest in R&D to provide customers with unique, secure, and low cost RFID system. This bodes well for the market.

According to the Global RFID Readers Market 2016-2020 report, real-time tracking of goods through the supply chain with RFID helps improve customer service. Real-time information on delivery time helps organizations make strategic decisions on improvising customer service. It helps the end-customers track the order via the Internet. RFID technology allows customers to track the goods sent through delivery service providers such as DHL, FedEx, and Blue Dart. Post offices have also employed this technology to improve their customer service.

RFID readers play a critical role in inventory management and are finding tremendous response in many big stores, supermarkets, hypermarkets, and apparel stores. This market research report by the emphasizes on the involvement of RFID readers in different end-user segments like healthcare, transportation, and retail. The increasing incorporation of RFID readers in these segments is expected to result in its impressive market growth rate of more than 21% by 2020.

The ability of RFID readers to reduce errors pertaining to data entry is a key driver for the growth of this market. With the introduction of RFID and barcode systems firms are able to record and recognize data entries automatically with more precision. It not only helps in the automation of data entries but also corrects warehouse errors. The ability of these readers to facilitate the efficient tracking of assets is a significant factor that is expected to foster its adoption during the forecast period.

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