Growing Number Of RFID Applications To Boost Growth

The RFID middleware market is poised to grow by USD 2.49 bn during 2019-2023, progressing at a CAGR of over 11%, according to a new report.

The market is concentrated, and the degree of concentration will accelerate. Checkpoint Systems Inc., Fujitsu Ltd., RF Code Inc., TIBCO Software Inc., and Tyco Retail Solutions are some of the major market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments, the report says.