Retail RFID Security Tags Market Business Overview and Global Development Trends - Forecast to 2021

RFID tags are electronic tags, which function on the principle of radio waves. They use electromagnetic fields to automatically identify and track tags that are attached to objects. They are primarily used for monitoring and tracking objects through an RFID reader. The information recorded by RFID tags can be later read by scanning devices using RFID technology. RFID tags in retail operations help reduce delivery cycle time, provide transparency, streamline supply chain operations, and help retailers capture data, and use data management software to identify the buying pattern of customers.

Publisher's analysts forecast the global retail RFID security tags market to grow at a CAGR of 38.26% during the period 2017-2021.

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the growing preference for advanced inventory management practices will be one of the primary growth drivers for the global retail radio-frequency identification (RFID) security tags market till 2021. The application of RFID technology in the retail sector ensures the availability of items in stock. This technology maintains relevant knowledge of product availability and means to locate them. This in turn, enable store stockers to track and locate the hidden items. The application of this technology ensures a high level of accuracy and precision by offering a better inventory management.

Key vendors
- Alien Technology
- Avery Dennison
- SMARTRAC
- SML Group
- ZIH

Other prominent vendors
- CoreRFID
- GlobeRanger
- GAO RFID
- Honeywell International
- Impinj
- Invengo Technology

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Market driver
- Shrinking of the supply chain

Market challenge
- High maintenance cost and risk of mechanical vulnerability

Market trend
- Growing omnichannel retailing

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

Complete report is available @ http://www.reportsweb.com/global-retail-rfid-security-tags-market-2017-2021

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