The data center RFID market is estimated to reach USD 5.53 billion by 2024, registering a CAGR of 36.3% during the forecast period of 2019–2024.
The growing amount of information and data from mobile devices, the Internet, and IoT devices increases the requirement of storage systems and data centers. Presently there are various data centers which are being operated and more to be developed in near future; this is due to increasing volume of information and data such as images, text, company assets files, and confidential documents, among others. RFID systems are used to manage various assets of data centers such as routers, servers, tape media, and related IT assets.
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