RFID Middleware Market to grow by USD 2.68 Bn

The global RFID middleware market size is expected to grow by USD 2.68 billion between 2021 and 2026. In addition, the growth momentum is expected to accelerate at a CAGR of 10.84% during the forecast period.

The market growth has been significant in the industrial end-user segment. The integration of RFID solutions such as RFID tags, RFID middleware, and RFID readers helps manufacturers understand the time taken for a component or raw material to move through the different stages of the production cycle or assembly line.

Incorporating RFID middleware in the manufacturing process also helps in understanding and tracking the movement of semi-finished goods that are stuck at various stages of the production or assembly line. With growing investment in building and expanding manufacturing plants, the growth of the segment is expected to accelerate further during the forecast period.

38% of the market growth will come from APAC during the forecast period. APAC holds significant potential for retail business, especially in countries such as India and China, which have vast populations. Also, APAC is home to many retail giants, such as 7-Eleven Inc. (7-Eleven), Lawson Inc. (Lawson), and FamilyMart Co., Ltd. The presence of several retailers in the region is leading to increased investment in constructing warehouses, which in turn increases the adoption of RFID systems, including RFID middleware, to efficiently manage inventory. Hence, growth opportunities for RFID systems in the region are high.