Global RFID Readers Market Growth of 21% CAGR by 2020

The increasing incorporation of RFID readers 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.