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RFID News Roundup
Vizinex RFID updates security label ••• FineLine Technologies receives RFID patent, acquires R.E.R. International ••• Technavio identifies top six vendors in RFID printer market ••• ABTS Convention Services launches wearable Bluetooth beacons powered by renewable energy ••• TagMaster North America, Watry design partner on RFID-based condo parking ••• Flowfinity adds NFC technology to its software for faster asset scanning.
Technavio Identifies Top Six Vendors in RFID Printer Market
Technavio has announced the top six leading vendors in their recent global RFID printer market report. The top vendors are identified, taking into account their revenue, technology, geographical presence, and end-users.
With the growing popularity of RFID technology, RFID printer manufacturers are designing in-built solutions to meet the increasing range of business needs. Apart from the manufacturing and distribution segments, government agencies, libraries, and the oil/gas industry are adopting RFID printers. Even though RFID technology is specifically used for supply chain management, it is used for internally focused systems such as work-in-process tracking as well.
The intense competition among vendors and rapid technological changes are the significant risks for vendor operations. The increase in competition among vendors has led to the industry witnessing consolidation. The market has witnessed the acquisition of smaller entities by bigger entities to gain a competitive edge in the market.
"Vendors with a strong brand identity will dominate the market during the forecast period. Established vendors have the ability to diversify their product portfolios to suit several end-user applications and can sustain the competition. The less prominent vendors need to market their products aggressively and acquire more customers, especially in developing markets," says Sunil Kumar Singh, a lead computing devices research analyst from Technavio.
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