Student RFID tracking market forecast

Market research analysts at Technavio predict that the global student RFID tracking market will grow steadily over the next four years and post a CAGR of almost 9% by 2021. This market research analysis identifies the increasing awareness of RFID tracking technology as one of the key growth factors for the global student RFID tracking market. With technological advancements, the educational institutions are leveraging the use of RFID, owing to its robust advantages. RFID delivers agility and scalability in updating and maintaining student information in the database. Also, it further helps the teachers to allocate homework to their students in a seamless and efficient manner. Additionally, the teachers can also keep track of the student's performance on a timely basis and provide actionable insights to improve their performance. The optimal use of RFID also enables the teacher to monitor student’s performance and send it across to their parents through the internet. Additionally, the easy and convenience of accessing information using mobile devices such as smartphones or laptop devices, will also fuel the growth of the market over the next few years.

In addition to the increasing awareness of RFID tracking technology, the increasing innovations in RFID technology will also contribute to the growth of the market. RFID vehicle tracking system is leveraged in schools and colleges to deliver enhanced security to the students while traveling. It helps in monitoring and tracking the movement of students from their home to school. Another robust innovation is a GPRS-based attendance management system which provides instant notification to parents once the students place their ID cards on the reader machine. Such innovations in RFID for various applications in the school premises will play a significant role in the growth of this global market.

Student RFID tracking market: Competitive landscape and key vendors

The student RFID tracking market is highly fragmented with the presence of well-established players. To retain their existing market presence, the regional vendors are focusing on innovation, quality, technology, and pricing. With advances in technology and product line extensions, the competitive environment among the vendors in this marketspace will intensify further.

The leading vendors in the market are –

• Northstar
• GAO RFID
• Coresonant
• DominateRFID

The other prominent vendors in the market are Child Safety India, Datalogic, Card Tec, Pulse Seventeen, Seon, and STECH ID Solutions.

Market segmentation by end-user and analysis of the student RFID tracking market

• K-12
• Higher education

Owing to the increased demand from universities, the higher education segment dominated the student RFID tracking market during 2016. Universities are preferring the adoption of RFID system since they help in efficiently managing students and staff. Moreover, the need to frequently monitor student attendance and the effective use of RFID system in ID cards, will also fuel the market’s growth in this segment.

Market segmentation by geography and analysis of the student RFID tracking market

• APAC
• Europe
• North America

North America accounted for the major share of the student RFID tracking market during 2016. The growth of the market in this region can be attributed to the exigency for ensuring enhanced safety for the students from K-12 to the higher education. Moreover, the presence of a considerable number of educational institutions and the increasing focus on monitoring attendance since it affects student performance, are also contributing to the market’s growth in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global student RFID tracking market?
• What are the key market trends impacting the growth of the global student RFID tracking market?
• What are the challenges to market growth?
• Who are the key vendors in the global student RFID tracking market?
• What are the market opportunities and threats faced by the vendors in the global student RFID tracking market?
• Trending factors influencing the market shares in the APAC, Europe, and North America?
• What are the key outcomes of the five forces analysis of the global student RFID tracking market?

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