Wireless RFID Readers Market to Surge at a Robust Pace in Terms of Revenue over 2017-2026

According to Stratistics MRC, the Global Wireless RFID Readers Market is accounted for $13.15 million in 2017 and is expected to reach $46.62 million by 2026 growing at a CAGR of 15.1%. Increasing retail industry and growing government support are the factors driving the global wireless RFID readers market.

However, increasing concerns about security and privacy is expected to hinder the growth of the global wireless RFID readers market.

The RFID reader is a device which uses a radio frequency to transfer data to the RFID label without using wires in order to categorize, identify, and track assets. The wireless RFID device is utilized to make a connection with RFID tags, this reader contains antennas which is able to emit and receive a signal from label.

Based on the operating system segment, the android segment is expected to account for the largest growth in the global wireless RFID readers market. Increasing usage of smart mobiles coupled with Android operating systems, low costs, and more compatibility are some factors expected to drive revenue growth of the Android operating system segment.

By geography, North America is projected to hold the largest share in the wireless RFID readers market. Growing adoption and permeation of wireless RFID readers and  Increasing application of  RFID s in various industries in this region.