Asia Pacific region is projected to be a booming regional market and is estimated to grow at 25% CAGR over the eight year period. Developing region in Asia Pacific such as India and China are expected to witness huge growth due to the increase in adoption of IoT. Key market players include Microsoft Corporation, Zebra Technologies Corporation, SAP AG, PTC, Inc., IBM, Cisco Systems, Inc., Softweb Solutions, Inc, NXP Semiconductors N.V., Intel Corporation, Google, ARM Holdings PLC and Atmel Corporation. Vendors are implementing strategies such as product innovation & differentiation by investing in research and development processes to gain advantage over its other competitors. RFID amongst hardware components is projected to grow at over 23% CAGR. Increase in RFID components adoption in retail owing several advantages they offer which include monitoring customer behavior, preventing theft & fraud, inventory management, and preventing loss. NFC technology is estimated to witness ...