Data Center RFID Market - By Component (Hardware, Software, Service), By Organization Size, By Application (Asset Tracking & Management, Dashboards & Reporting, Environmental Monitoring, Data Center Audits, Lifecycle Management) & Forecast 2023 - 2032

Data Center RFID Market - By Component (Hardware, Software, Service), By Organization Size, By Application (Asset Tracking & Management, Dashboards & Reporting, Environmental Monitoring, Data Center Audits, Lifecycle Management) & Forecast 2023 - 2032

Data Center RFID Market size is poised to record more than 18.5% CAGR from 2023-2032, driven by rising integration with IoT sensors to offer more data on asset conditions, including temperature and humidity for enhanced environmental monitoring capabilities. For instance, in May 2022, RFID solution provider Tageos launched its first battery-free sensor inlays, EOS-840 RAIN RFID by deploying Asygn’s next-gen AS321x chips to provide advanced innovative sensing capabilities for temperature, strain and ambient light monitoring in industrial, supply chain and retail environments. The growing stringency of data privacy regulations and the optimum adherence of RFID solutions to data protection and compliance will favor the market expansion.

The overall data center RFID industry is segmented based on component, organization size, application, and region.

The market value from the software component segment will witness significant expansion through 2032. The growth can be attributed to the surging preference for data center RFID software in managing assets efficiently, enhancing security, complying with regulations, limiting downtime, and optimizing resource utilization in the ever-expanding data center landscape. Due to the high-security environments and restricted access in data centers, RFID software has grown popular to offer access control, enhance the security measures, and prevent unauthorized access.

With respect to application, the data center RFID market from the asset tracking & management segment is expected to proliferate up to 2032 driven by the growing importance of powerful tools amongst data center operators to enhance efficiency, security, and overall asset management. RFID technology helps to simplify the auditing process for generating detailed documentation to offer ease for data center operators in maintaining records for compliance and reporting. The increasing emphasis on informed decisions, reduced operational costs, as well as smooth and secure operation of data centers in organizations will also contribute to the segment expansion.

Regionally, Europe data center RFID market size is expected to witness substantial development through 2032. The surging prominence of digital transformation and cloud computing along with the robust expansion of IoT is driving the demand for data center services to offer efficient asset management, further pushing the need for RFID technology for optimized processes. The growing focus of European data centers on sustainability along with the dire need to track the environmental impact of assets will influence the regional market growth.