A wireless RFID reader (wireless RFID interrogator) is a device used to interconnect with RFID tags. The reader has antennas, which emanate radio waves and accepts signals back from the tag. The reader interrogates the tag through radio waves and passes the information in digital form to a computer system. Wireless RFID readers can be of any form such as imager, USB, Bluetooth, handheld, fixed, UHF, HF, and working on different operating systems (OS). Wireless RFID readers can be deployed in various industries ranging from warehouses to corporate offices. As per the study, sales of portable wireless RFID readers dominates the market in terms of volume with approximately 1.4 million units sold in 2016.
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The wireless RFID readers market is driven by the rising growth of the retail industry. Retail industry is witnessing growing adoption and implementation of RFID tags and readers for inventory and supply chain management. RFID readers enable retail enterprises and consumers to identify, engage, transact, locate, and authenticate their assets and personnel. Furthermore, increasing government initiatives is boosting the growth of the wireless RFID readers market. The global wireless RFID readers market is expected to grow significantly during the forecast period due to the growing demand for solutions which can enhance business operations
However, rising security concerns among end-users is affecting the large-scale adoption of wireless RFID readers. Furthermore, the lack of technical expertise is limiting the growth of the market.
A key opportunity enhancing market growth is the integration of RFID readers with IoT (Internet of Things) which enables the objects to be tracked and monitored globally in real time. Furthermore, varying applications changes the way wireless RFID readers are used in different industries.
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The wireless RFID readers market is segmented on the basis of operating system, type, and application. Based on operating system, the market has been segmented into Windows, Android, Mac OS, and others. On the basis of type, the market is segmented into fixed/wall mounted and portable. In terms of application, the market has been segmented into asset tracking, inventory management, personnel tracking, and access control. Asset tracking is expected to hold the major share due to the rising demand of end-users to have end to end visibility