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The data center RFID market is set to grow dramatically

The data center RFID market is set to grow from $391.4 Million in 2015 to $1,890.5 Million by 2020, at a CAGR of 37.0% during the forecast period 2015-2020.

The report focuses on various solutions, services, verticals, and end users. North America, Europe, and APAC are the top three regions that are estimated to hold the largest market shares in the year 2015. Manual handling and managing of assets in a data center is no longer an easy job and requires effective management, which fuels the demand for RFID technology in data center management.
The global market for data center RFID is expected to depict a growing picture in the coming years and the increasing number of data centers in Asia-Pacific is expected to accelerate the growth of the data center RFID market.

A number of factors, including the increasing number of data centers and requirements for improved inventory and assets management, are driving the growth of the global data center RFID market. The growth drivers of the market includes reduction of costs and long widen tasks by eliminating manual checks of servers and other data center assets, increased efficiency and productivity, and decreased human efforts.

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